Central OH Homes Continue to be a Good Investment! Home prices continue to rise in central Ohio as the median sales price of a home sold from January through November 2018 was $195,000 which is 7.7% higher than homes sold during the same period last year. The average sales price for the first eleven months […]
In real estate, the importance of being earnest is measured not by a handshake and a “Sure, we’ll buy your house,” but cold hard cash—aka earnest money. This safeguard serves to keep fickle buyers from changing their minds unnecessarily, however, there are plenty of reasons you can—and should—bail with your earnest money firmly in hand. Here we will discuss […]
While buying a home remains one of the biggest investments a person will make in his or her life, there’s always a lingering fear that something may go wrong soon after the purchase. Though home inspections may catch most of these problems before they occur, what happens if a major system or appliance goes haywire […]
The term “value” can take many forms, and when buying and/or selling a home it’s important to understand all of them. There are five distinct ways to classify value. Although there are dictionary definitions for each, they are best understood through real-world examples. 1. Market value is the amount that a particular home is worth to a particular buyer. The Uniform […]
Knowing the basics of FHA loan rules can increase your chances of selling your house or condo. If your house meets the FHA guidelines, it will appeal to buyers who plan to use an FHA-insured mortgage. If your house doesn’t qualify for an FHA loan, you’re cutting out 30% of potential buyers. FHA is especially important […]
The Good Funds Law went into effect on April 6, 2017 amending Section 1349.21 of the Ohio Revised Code to require stricter controls for all residential real estate transactions involving the sale, purchase, or refinance of such real estate. The law was passed as an attempt to combat and thwart ramped-up, and increasingly advanced fraudulent […]
A rate lock is a guarantee from a mortgage lender that they will give a mortgage loan applicant a certain interest rate, at a certain price, for a specific period of time. A rate lock protects the borrower from rising interest rates: So, if the borrower locks in a rate of 4%, s/he will only […]
After examining data on 2,754 municipalities across the country, Business Insider put together a list of America’s 50 best suburbs. They considered suburbs with populations between 5,000 and 100,000 within 40 kilometers of the nearest metropolitan area. They also factored in average commute times, median household income, poverty and crime rates, public-school ratings from GreatSchools.org, […]
If you’re selling a home, a good real-estate agent will help you set the right price, professionally market the home , pre-qualify potential buyers and expertly negotiate and finalize the deal while working to ensure the process is a smooth one! A great agent has long experience with recent sales and can walk a tightrope, balancing optimism with […]
So you finally got through all of the loan documents, closed on your property, and got the keys to your new house… what do you do next? The home buying process can be an intensive and overwhelming experience and in a continued effort to be of service to our clients we’ve prepared a short list to ease your transition […]
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