Before you put in an offer on a condo in a building that’s still under development or otherwise non-warrantable, be aware of the financing obstacles you can run into. A condominium is deemed non-warrantable when it doesn’t meet Fannie Mae and Freddie Mac’s mortgage finance criteria. Beyond the homebuyer’s qualifications for financing the purchase loan, […]
We want to make buying a new home and selling an existing one as easy as trading in an old car. Concerned about timing the sale of your current home, and the purchase of your new home and the potential risk of being forced to carry to properties, a double move, or being forced to […]
Homes Available For Sale In Central Ohio Are Decreasing Again There were 3,230 central Ohio homes and condos sold during the month of August which was down 0.6% compared to the same month last year, and 3.1% lower than the month prior. The average price of a home sold in central Ohio year to date […]
Two of the most difficult decisions a homeowner needs to make after deciding to sell their home, and selecting a real estate agent is when to put their home on the market and at what price. Putting too much emphasis on timing as opposed to focusing on determining the appropriate list price for your home […]
Wondering where home prices will head throughout the rest of this year, and in the years ahead? We’ve gathered current data from the industry’s most reliable sources to help answer these important questions and to help you make more informed decisions as it relates to buying and selling in 2019 and beyond. The Home Price […]
In May 2019 the average price of homes sold in Columbus reached a new record of $253,531. That’s 7.8% higher than a year ago and the highest level yet. Although, increased home prices might seem like a deterrent, the drop in mortgage interest rates over the past three months has helped to offset this and […]
It’s no secret that the central Ohio housing market is hot right now. As demand continues to outpace supply, homes and condominiums are selling in record time. During the month of April, homes under $350,000 sold in an average of 26 days, while homes sold between $350,000 and $500,000 took approximately 48 days to sell. […]
As homes become smarter, home buyers are increasingly finding there’s an extra set of eyes and ears on them as they tour properties for sale. In a 21st-century version of the “nanny cam,” home shoppers face everything from old-fashioned security cameras to newer devices tracking their conversations and actions. The rise of these wired home […]
Earlier this month, the Columbus area was ranked the #1 hottest housing market in March by Realtor.com based on home listing activity and days on the market. Don’t be fooled by this report or by a news release that states home sales were up by 24.7% in March. Both claims are misleading. Keep reading to […]
Builders and remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn’t much rosier. The percentage of return on investment (ROI) is projected to trend downward for all the replacement projects listed in Remodeling magazine’s newly-released Cost vs. Value Report. Larger indoor remodel projects took a hit […]
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