The option to work from home or remotely is likely to become part of the workforce culture. A larger fraction of workers allowed to work from home will change the mix of demand for residential and commercial real estate between the city and the suburbs, give rise to new home designs that allow workers to […]
When it comes to evaluating offers, the purchase price isn’t always the most important factor. That means, in order to figure out whether an offer you receive is “good” —and whether you should negotiate — you’ll need to do two things: Consider your goals, and ask yourself whether this offer helps you meet them. Get […]
Top Local Agents. Save Thousands in Commissions. Sell your home for top dollar with top local agents for as little as a 2% commission. Sounds compelling right? Unfortunately Ideal Agent blatantly ignores false advertising laws… they do not charge a 2% real estate commission and as always, read the fine print. Here is Ideal Agent’s […]
A cash-out refinance replaces your existing mortgage with a new home loan for more than you owe on your house. The difference goes to you in cash and you can spend it on home improvements, debt consolidation or other financial needs. You must have equity built up in your house to use a cash-out refinance. […]
“Is my/the property in a flood zone?” That’s a question that concerns both homeowners and home shoppers—and not just those near large bodies of water. In fact, there are a little over a dozen flood zone classifications. These rankings are determined by the Federal Emergency Management Agency and represented on special maps. An areas classification is […]
Almost all landlords agree that their primary consideration when assessing a new tenant is protecting their property and the rental income. A TransUnion survey found that payment problems ranked as the top concern by 84% of independent landlords. They have a good reason to be concerned: the cost of eviction resulting from nonpayment can total as much as $10,000 […]
The uncertainties caused by the COVID pandemic kept many homeowners from listing their properties this year. At the same time more buyers than ever started to look for a new home, hoping to take advantage of the lowest interest rates ever. This created the perfect storm for an unprecedented real estate boom this summer, which completely depleted […]
Mortgage interest rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. At over three trillion, 2020 will only stand behind 2003 in single family mortgage production history. Second, the MBA joined […]
After three months of less than normal housing activity due to the COVID-19 shutdown, central Ohio saw a spike in home sales last month. The 3,536 homes sold in July were 12.2% higher than June and 6.1% higher than last year. Over 4,100 homes and condominiums were put in contract during the month which was […]
Housing inventory remains at or near all-time lows in many markets and price points across the Columbus and Central Ohio as eager buyers return to market more quickly than sellers. Homeowners may be seeing their neighbors’ homes going under contract at record speeds and believe that selling fast for their target price will be a […]
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