A new Ohio law substantially changes the landscape for real property tax valuation challenges in the state. In general, it substantially curtails school districts’ rights to initiate and appeal property tax valuation challenges. Governor DeWine signed the bill on April 21, 2022. It became effective on July 19, 2022, and affects valuation complaints that relate […]
Many renters feel buying a home is an impossible dream. But consider this: A landlord expects to make a profit after paying the mortgage, taxes, insurance, repairs and other expenses. The landlord’s only income for the rental property is the rent paid by the tenants. As time goes on, and the value of the property […]
The Central Ohio Housing Market Remains Strong A booming local economy continues to boost a healthy housing market and Central Ohio home prices continue to rise. The average price of a home in central Ohio is still climbing as the area continues to be a desired destination to live, work, and play. That said, rising […]
We have talked before about the drop and swap exchange and how it can be beneficial in certain like-kind exchange situations. In this article, we are going to explain the inverse of the drop and swap exchange – the swap and drop 1031 exchange. What Is a 1031 Swap and Drop? A swap and drop 1031 exchange […]
The tax benefits of real estate investing are attractive and investing with partners in an LLC is a popular way to grow your wealth with real estate, but partnerships entail certain challenges. When it comes time to sell and some of the partners want to take advantage of a 1031 exchange to continue growing their […]
You may not be aware, but fall is the best season to evaluate and begin restoring your lawn. Thanks to shorter days (less intense sunlight), cooler temperatures and wetter weather, the mild fall climate is ideal for putting in the lawn work that will pay dividends in the spring to achieve an enviable lawn. From […]
As recessionary fears grow, so do homeowner’s concerns about their homes value — especially considering what happened in the last major recession. A survey of economists by the Financial Times shows that 70% expect a recession sometime in 2023 — largely due to the Federal Reserves actions to tame skyrocketing inflation. A housing correction, though, […]
Are you new to Central Ohio and wondering, “Who offers the Best Facials in Columbus?” So in the spirit of showstopping skin, we’re revealing the best facials in Columbus and its surrounding suburbs: four near-magical treatment providers boasting five-star status where results, experience, and loyal followings are concerned. PLEIJ Salon + Spa PLEIJ Salon + Spa‘s award-winning […]
How Much Does it Cost to Sell a Home in Ohio Sellers in Ohio can expect to pay about 2.14% of their home’s final sale price in closing costs. For a $300,563 home — the median home sales price in Ohio — you’d pay around $6,432. Closing costs are the various fees and expenses incurred by […]
Mortgage rates have climbed to their highest level since 2008, pinching home buyers’ purchase power. The 30-year fixed-rate mortgage averaged 5.78% this week, far above its 2.93% average just one year ago. The Federal Reserve’s decision Wednesday to raise its key benchmark rate by the highest amount in 28 years sent shock waves through financial markets, including […]
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