More Inventory, Fewer Sales. For the fourth consecutive month, the number of new listings in central Ohio increased by over 20 percent. Over the past few years this type of double-digit increase in new listings would have been accompanied by a corresponding increase in home sales, however, this wasn’t the case in July. There were […]
Potential tax reform and rising inflation may slow down the booming housing market. Assessing the proposed tax legislation and current market conditions will help you plan for what’s next. Right now, trying to predict the impact of federal tax changes on the residential real estate market is a guessing game. Since no bills have been […]
As we move into the second half of the year, questions about what’s to come for the housing market are top of mind not only for buyers and sellers, but homeowners as well. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021 […]
The housing market has been one of the strongest parts of the U.S. economy during the coronavirus pandemic but are rapidly rising home prices a warning sign of a real estate bubble? Could the U.S. housing market collapse as it did 14 years ago, triggering a severe recession? Talk to almost any real estate agent or housing […]
Yes… especially if you do it right. Unfortunately, most people don’t. Let’s see if I can give you a different perspective on home ownership. Imagine you’re 25 years old. You’re done with school, working a job (hopefully in your desired field). While you aren’t making anywhere near the money you want to be making just […]
Every real estate transaction involves risk, whether you are the buyer or the seller. And during a real estate transaction, either party can include specific contingencies to help mitigate some of the risks. Common contingencies may allow either party to back out of a contract if specified conditions are not met, such as: A satisfactory home inspection A […]
When it comes to estate planning, many people create a will to have their assets distributed after they pass away. But there’s another aspect of estate planning that may offer unique benefits to you and your family: a trust. A trust is a legal contract, drafted by an attorney, with a named trustee who is […]
Potential buyers of homes with in-ground swimming pools typically view them as either a relaxing oasis, social hub, and prime way to exercise—or just another maintenance hassle. Homes with pools have become a target of buyer envy in the era of COVID. Pool additions are soaring, and more house hunters say they want one, this […]
Homebuyers are doing all kinds of things to make their offers stand out in this low inventory seller’s market, including removing remedy and or inspection contingencies to bidding well over the asking price with appraisal gap coverage. One tried and true technique for making a competitive offer remains popular and that’s the all-cash offer. If you’re planning to finance your […]
If the deceased was a resident of Franklin County, their estate will be “probated” by the Franklin County Probate Court, which is located at 373 South High Street, 22nd floor (462-3894). Probating an estate includes a series of legal procedures by which the probate court ensure that any debts, taxes, and expenses owed by the […]
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