Columbus Ohio housing market had a drop in listings and elevated sales during the second half of 2011 brought the year-end months’ supply down to 6.6, more in keeping with levels seen during 2005. During the last few years, the months’ supply has regularly been in the double digits and was as high as 12.5 in November 2008.
Homes spent an average of 100 days on the market during 2011, a reduction of four days from the average time to sell a home in 2010.
Did you know - School districts experiencing the highest home sales in 2011 included Columbus, South-Western (Grove City), Olentangy, Hilliard, Westerville, Dublin, Worthington, Groveport Madison and New Albany.
Open up this link for the full housing report, http://www.columbusrealtors.com/NewsDetail.aspx?article=44269568
Destination Hilliard is our local web site that keeps up to date calendar on events in Hilliard, Ohio. This web site also has links to Hilliard's Local news papers, schools, community center, pool, Heritage Golf Club and other new worth events.http://www.destinationhilliard.com/
First Time Home Buyers Considerations
Buying a house is a big decision, but don't let scary headlines deter you. There are great deals to be had in today's market.
What do first-time buyers really need to know about today's market? Here are some things to consider.
· Interest rates are at historic lows, with 30-year fixed rates between 4 and 5 percent! This is incredible. Imagine the difference between an interest rate of 4 percent and one at 13 percent. For a $100,000 with 3.5 percent down, you'll find a payment near $568 a month. For the exact same home at 13 percent you'll see a monthly payment of just over $1,000.
· Home prices fell after the bubble burst, leaving affordability rates at generational highs. This means there are great deals to be had. In addition, there are a large number of foreclosure and short sale properties available, sometimes at even more savings.
· There are reasons to buy other than just making a sound financial investment. If you plan on remaining in your home for many years to come, then now is a good time to buy regardless of pricing fluctuations. The social benefits still remain strong and your home will be an investment over the long-term.
· Hiring a knowledgeable real estate professional can be an excellent first step on your way to finding the right home for you. They can help answer all of your questions about the process. There's no reason to go into this process blindly. Let them guide you.
5 Ways to Clean up or just maintaining your good/excellent credit score. This does take work, but as long as you follow and practice these five guidelines, you will have a very good credit score more.
http://money.msn.com/credit-rating/5-smart-ways-to-boost-credit-scores-bankrate.aspx
Looking for a Deal? Buy a HUD home! Most home buyers I talk too are looking to get a great deal on the home they buy. HUD offers very affordable homes that may or may not need a lot of work. Check out this link it is a direct link into Ohio HUD homes for sale and this site also provides a lot of other home owner ship advice too.
http://www.hud.gov/local/index.cfm?state=oh&topic=homeownership
Columbus Ohio “Top 100” Place to Live!
Columbus Ohio offers its residents a high quality of life, affordable housing, strong employment , excellent schools, parks more.. http://www.columbusrealtors.com/NewsDetail.aspx?article=26738688
Considering a Short Sale and/ or a Foreclosure to get out from under your undervalued home!
Not a good idea. As a professional real estate agent, I felt it necessary to write this blog. Recently, I’ve spoke with home owners who think they can just walk away from their home mortgages (they got this idea from miss informed people) and think a short sale or a foreclosure will not effect their financial lively hood at all or very little. They are very wrong and have gotten very bad advice off the street. The ugly truth is, if you are employed, have money in the bank and have not suffered any type of financial hardship recently, the bank will go after you for difference plus bank fees through a judgment, hit your credit score by at least 150 to 200 negatively and you will not be able to buy a home for at least three year and some cases up to seven years. My advice stay in your home and make your home payments or if you have to rent it out.
Home Seller’s and Buyer’s should hirer a home inspector. As a professional real estate agent I always advise both home buyer’s and seller’s to have a home inspection. Why, because home inspector will give you an objective opinion on the condition of the home and respond to your questions with expertise’s, more
http://www.trulia.com/blog/taranelson/2011/07/5_questions_to_ask_your_home_s_inspector
Housing Market has had modest gains. The current position on why housing sales continue to be modest are consumers are concerned about staying employed or being unemployed. Consumers who could buy a home are holding off on home purchases, until they see more consistent improvement in our economy more
http://www.ohiorealtors.org/absolutenm/templates/article.aspx?articleid=14915&zoneid=51
Myths about Home Ownership. Some people think it is a bad time to buy a home. Other people think they can’t qualify for a mortgage if they don’t have credit cards and checking accounts. These are just a few of the myths that stop people from pursing a home purchase, more http://www.freddiemac.com/corporate/buyown/english/preparing/right_for_you/myths.html
Central Ohio Home Sales improved in for June
This is the best part about blogging is reporting that our local housing market (Columbus and Central Ohio) is improving, more http://columbusrealtors.com/NewsDetail.aspx?article=25133056
Want to get rid of your STUFF? Instead of garage sales, I donate to various charities. But sometimes I have items that the charities won’t take, like freezer and refrigerators or work out equipment, etc... A friend of mine told me about a web site http://groups.yahoo.com/group/FreecycleColumbus/ . This site allows you to post items that you want to give a way or you can post items you want. The catch is you have to become a member, no charge; a person from the site approves your membership and will also approve your post. In your post you can state that the item is to be removed and picked at their cost and prior to releasing my address, for safety reasons I require the person who won agree to present their driver license when they arrive.
HUD Good Neighbor Next Door Program
The Good Neighbor programs by HUD have been around a long time. These programs offer 50% discount (based on list price) on designated lottery homes. These homes can be purchased by full time government employees e.g., federal, state, local, Indian tribunal, school teachers, fireman, policeman. more http://www.columbusrealtors.com/NewsDetail.aspx?article=23166977 PDS Real Estate is a registered HUD brokerage and can advise you on what homes are available to purchase in your area.
|
|
