The winter real estate market is here. The holidays are upon us. There is cheer and joy everywhere! But for sellers, November and December can be the slowest months of the year to sell a home. If you are selling at this time, you want to do everything to attract a buyer. Here are some […]
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 […]
When hiring an investor-friendly real estate agent, it’s essential to ask the right questions. Purchasing investment properties is a distinct venture, and not all real estate agents are equipped to assist with it. To help you make an informed decision, here are 17 questions you should ask a potential investor-friendly real estate agent: 1. Are […]
Here are the top trending features buyer are seeking in the next home. How does your home stack up? A Basement Refinish As prices of homes continue to increase, buyers are looking for the best use of all spaces. Basements are being refinished to create home theaters, game rooms, and exercise room. The search term […]
Stabilizing mortgage rates have been a key factor in Central Ohio continuing its consistent growth. The inventory numbers are improving, but high demand continues to outpace the supply. As a result, we hit a new high in the median sales price of $320,000. This surge represents a 6.1% growth, surpassing theprevious highest monthly median sales […]
Mortgage rates were back on the rise this week. For the average home buyer, the rate jump translates to an average monthly payment of $2,126, an increase of more than $280. With these rate increases, more and more buyers are looking into ARM’s (Adjustable-Rate Mortgages) to purchase their homes. Should You Consider an ARM? What […]
Buying a second home can be a significant financial commitment, but it can also bring variousbenefits. Whether you’re considering real estate investing or simply looking for a getaway, it’simportant to carefully assess the financial aspects and conduct thorough research before deciding.Here’s a summary of the key points to consider when buying a second home: 1. […]
The low inventory market of central Ohio continues to drive up prices. Demand forhomes surged again in June, even as interest rates and prices increased. The resilienceof real estate has surprised some economists. Mortgage rates are now approaching 7 percent, the highest since 2007, thanks to theFederal Reserve’s efforts to tame inflation. Central bankers have […]
Like almost everything else in life, the answer is “It depends.” Buying a turnkey home (move-in ready) and a fixer-upper home (needing renovations) both have their advantages and disadvantages. Let’s explore the pros and cons of each: The Turnkey Home Pros Convenience: Turnkey homes are ready for your immediate occupancy. There is no requirement to […]
As expected, the spring housing market is booming in central Ohio. Mortgage rates have dipped, and housing transactions and building activity has been surging since February. Some buyers are asking if this trend will continue, or are we potentially in a housing bubble that may burst? The answer of course varies market area to market […]
