Understanding HOAs The number of Americans living in common-interest communities — those governed by either a homeowners association, condo board, or cooperative — has grown from 1 percent in 1970 to 24 percent in 2013. Community associations are a growing share of the residential real estate market, however, many home owners have little understanding of the […]
It’s that time of year and as we close out a summer marked by rising home prices and limited supply, many buyers expect the common end-of-season slowdown. The change of season doesn’t mean activity drops off completely – in fact, fall’s arrival presents opportunities for homebuyers, in part due to a “back-to-school mentality”. If you’re a prospective homebuyer, […]
When it comes to retirement planning, most 401k and IRA plans limit their participants investments to stocks, bonds, or mutual funds. While this strategy has worked in the past, recent economic events show that it is not without risk. Many investors are now looking at real estate as a promising alternative. With certain real estate assets, the earnings are […]
According to a new study by the Mortgage Bankers Association, the housing market is poised for one of its largest expansions in history. By 2024, demographic and economic changes are forecasted to bring 15.9 million additional households on board. That means an average of 1.6 million additional households per year, sparking “housing market growth over the next […]
When buying a home, chances are you’ll spend a lot of time inspecting various aspects of the property. Before making an offer to purchase a home, be sure to take a close look at one often overlooked element of the home: its foundation. Foundation problems can be costly to repair, so you need to know they […]
Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price. While you’d like to get top dollar for your home, consider these six signs that indicate […]
Central Ohio housing market shattered records in July The Central OH housing market continued it’s stellar performance in July once again setting new records for the volume of home sales, prices and the time to sell a home. The 3,208 home sales last month were up 1.9% over the previous month and up 11.7% from July of 2014. This also […]
A Loan Estimate (LE) is a form that lists basic information about the terms of a mortgage loan for which you’ve applied. The idea behind the Loan Estimate (like the Good Faith Estimate before it) is to get critical information about the loan into the hands of the borrower as early as possible so that you as […]
As multiple offer situations have become common place, we real estate agents are increasingly running into situations where the seller wants to “shop” an offer. Here’s an example: a seller has received three offers to purchase their home. One of the offers is higher than the other two, but the seller prefers the closing and possession dates on […]
The 2015 BIA Parade of Homes will take place in one of central Ohio’s newest and most beautiful golf course communities, Northstar Community, being developed by Nationwide Realty Investors (NRI) and The Robert Weiler Company in southern Delaware County. The event will be held September 19 to October 4. The natural beauty of the site […]
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