The economic principle of “Progression and Regression” applies to home values and defines the affect a home has on the value of other homes within the same neighborhood, and vice versa, that is the affect neighboring homes have on other homes within the community. The theory states that building a home that is valued substantially above other properties in the same […]
What is the difference between the various types of owner’s title insurance policies? There are three types of owner’s policies; Standard, Extended, and ALTA Homeowner’s. It’s important to note that the ALTA Homeowner’s Policy is specified by default on the CBR Purchase Contract (Columbus Board of Realtors). Title Insurance Choices Why would the ALTA Homeowner’s […]
If you are shopping for a new home, how can you be sure that it was built so that it does not cause health or safety problems for the members of your household? The answer can be given in two words: building codes. A building code sets forth requirements to protect public health, safety and […]
Click here or image above to play video https://youtu.be/siTPLLX9wPc Since its launch in 2006, Zillow has taken heat over its Zestimates. Many homeowners have complained that the company’s automated home valuations don’t accurately reflect the true value of their homes. A formal complaint was also filed with the Federal Trade Commission alleging Zillow is misleading […]
Thinking of buying or selling a home? Even when both sides agree on a price, the deal could fall apart thanks to an under-appraisal. Short appraisals typically arise in a declining housing market because the lack of recent comparable area homes sales, or “comps,” making it difficult for appraisers to determine the current market value […]
With nearly 100% customer satisfaction, builder of the year, marketer of the year, Fischer Homes… specializes in providing for every chapter of your life. A new home represents a new chapter of your life’s story. Thousands of stories have been written and celebrated in Fischer Homes since 1980. They offer a variety of single family, […]
Founded in 1976 by Irving and Melvin Schottenstein, M/I Homes is now one of the nation’s largest residential home builders, building in Ohio, Florida, Indiana, Illinois, North Carolina, Maryland, Virginia, Texas, Delaware, and Washington DC. M/I Homes has been the leader in new home sales for more than 25 years, and they are ranked number one in […]
Roughly forty percent of the homes offered for sale in today’s market are short sales and foreclosures! Distressed properties are well known for their value, but they also have a reputation for transactional snafus, last-minute surprises and long, drawn-out escrows are just a few of the issues buyers are likely to face. While many inexperienced agents advise avoiding […]
Homeowners looking to lower their monthly mortgage payments and save some on interest may be able to do so without all the hefty fees and daunting credit requirements of refinancing. A little-known strategy, called “recasting”, or “re-amortization”, is available through some mortgage lenders and servicers. This involves paying off a lump sum of the principal […]
An estimated 2,200 condominium projects nationwide last week lost their eligibility for Federal Housing Administration-guaranteed sales and refinancing. Unless condo officials take action, another 23,000 residential condos with housing units numbering in the tens of thousands will lose their eligibility by spring. That means that buyers of units in these buildings won™t be eligible for […]
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