As we step into September 2024, the Central Ohio real estate market is moving with a distinct rhythm. Change is the only constant reality of the housing market. And the key to thriving? Anticipating and adapting in the midst of these changes. Inventory and Demand Dynamics Central Ohio continues to see a limited inventory of […]
All posts by The Alfriend Group
A Tsunami in Real Estate: The Great News for Consumers in the NAR Settlement
In the dynamic world of real estate, change is not only inevitable, but necessary. The recent $418 million settlement by the National Association of Realtors (NAR) marks a profound shift in how we do business, heralding an era of greater transparency and consumer empowerment. As of August 17th, 2024, new rules will take effect that […]
Why Am I Getting Unsolicited Offers to Buy My Home? Here’s Why.
The New World of Real Estate: Post-NAR Settlement
The #1 question I’m being asked lately: “What do you think of the upcoming NAR (National Association of Realtors) Settlement?” In one word? Fantastic. Now, I know that might shock a lot of my fellow realtors and brokers. They’re worried about disruption, potential income reduction, and the general upheaval this settlement might cause. But here’s […]
The Impact of Outdoor Amenities on Property Resale Value
Outdoor amenities such as living spaces, kitchen areas, fire pits, and swim spas can add a lot of value to a home. Buyers want functionality and aesthetics. In addition to specifying bedrooms and bathrooms, many buyers note a desire for entertaining space and places to relax. Outdoor amenities can be the answer to both of […]
How to Make a Competitive Offer in a Seller’s Market
Hey there, home buyers! If you’re on the hunt for a new home in Central Ohio, you’ve probably noticed that the market is sizzling hot. In a seller’s market, homes fly off the shelves, and buyers face stiff competition. But don’t worry—I’m here to help you craft an offer that stands out. Let’s dive into […]
Tools and Traits Investors Must Have to Survive and Thrive in This Market
When Is the Right Time to Start Investing in Real Estate? A common question for aspiring real estate investors is whether now is the right time to start investing. The answer is a resounding yes. Real estate tends to appreciate over time, offering the potential for substantial returns and generational wealth. However, successful investing requires […]
How Is Buying a Rental Property Different from Buying a Primary Residence?
If you’re new to real estate investment, you’re probably flooded with questions about how buying a rental property differs from purchasing your primary residence. Buying your first property is a significant milestone, a huge step, and one of the smartest moves you can make for your financial future. Now, you might assume that buying a […]
Should you consider an Adjustable-Rate Mortgage?
The 30-year fixed-rate mortgage is now passing the 8% interest rate mark, the highest rate in 23 years.In less than two years, the average monthly mortgage payment on a $300,000 loan has increased over $1,100 per month. However, homeownership remains the primary cornerstone of building financial stability. And, with expectations of potentially lower rates by […]
Attention House Hackers: Check out the Amazing New Guidelines from Fannie Mae!
House hacking is a great way to start investing in real estate by buying a multifamily and staying in one unit while renting the others. And here is some great news! Fannie Mae just released amazingly aggressive new guidelines for primary residences. Fannie Mae has reduced the down payment requirements on 2-unit properties from a […]