In almost all real estate transactions, there are title issues that must be cleared up in order to transfer ownership of the home from the seller to the buyer. Does the seller have the legal right to sell the property? Is the home’s title free of “clouds” or “defects” — such as judgments, liens or […]
Engaged couples are often bombarded with choices — from color schemes to seating arrangements to cake flavors. One choice, perhaps the most daunting one is whether to buy a house before or after the marriage. Marital status is not the most important factor couples should consider when deciding when they should buy a home. Instead, […]
Central Ohio Home Sales Continue to Dramatically Outpace Prior Years There were 3,091 central Ohio homes and condos sold during the month of May, a 15.7% jump over April and a 2.4% increase over May 2015. Year-to-date sales (January through May) were 11,464 which is the highest on record for the first five months of […]
A strong real estate market brings opportunities for savvy investors, and over the past few years, Columbus and Central Ohio has proved to be just that. Low interest rates are fueling a significant number of large scale new developments throughout the city, as well as re-development in other parts of town. This combined with these low rates, and strong […]
It happens: Marriages fall apart. And as if dissolving your union weren’t hard enough, if you own a home together—almost certainly your largest joint asset—you’ll also have to decide what to do with it. Do you stay, sell, or hand ownership to your ex? While there’s no one-size-fits-all solution when it comes to dividing the house during divorce, there […]
Most of us only encounter property surveyors when we drive by construction projects. But did you know they also can help when you’re buying a home or adding an addition, fence, shed, etc. to an existing home? Their tools and methods may seem inscrutable—just what is that camera-looking thing, anyway? (Answer: a digital theodolite, used to measure angles. Now you know.) But […]
Inventory finally inching up in central Ohio Central Ohio housing inventory finally began inching up during the month of April, with the total inventory coming in at 5,361. This is a 1.2% increase over the previous month, though still down 23.4% from April 2015. There were 3,910 central Ohio homes and condos added to the […]
Low inventory and rising prices have created a market environment where multiple offers are increasingly common. When prices are rising and new listings are priced using historic 3-6 month old comparable sales, new inventory is often underpriced. Educated brokers and buyers understand this and quickly offer list or better when the market supports this. With home prices on the […]
Mortgage rates held near their recent lows this week, with 30-year, fixed-rate loans averaging 3.59%. Last week, the average rate was 3.58%. A year ago it was 3.65%, according to Freddie Mac. Policymakers at the Fed raised short-term interest rates in December, causing people to worry that mortgage rates would rise, too. Thus far they […]
Low inventory levels are a defining characteristic of the current housing market. While it is not a universal condition, a low inventory of homes on the market seems to be prevalent in many desirable areas including right here in Columbus. As you’ve probably heard the real estate market is thriving and in fact activity has sky rocketed! In […]
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