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 […]
In today’s intense real estate market, many buyers are struggling to compete with multiple offers paying cash, waiving appraisals and inspections, and offering well above asking price. There is an option you may be overlooking. Consider purchasing a “fixer-upper”. A home in the community you love, with a yard and layout that you love, but […]
What are we seeing this season? There are FOUR big factors. Low Inventory Currently, nationwide, we have 3.8 million more buyers than sellers. And there is little expectation this will change soon. The low inventory numbers are cause by two main factors. First, many homeowners locked into the low mortgage rates of 2022. According to […]
Many homeowners we speak with are still concerned that we may be approaching a repeat of the 2008 housing crash when property values collapsed and foreclosures spiked. The concern is understandable. The memory of that market haunts many. In fact, a recent survey by Lending Tree reported that 41% of Americans say they fear a […]
The Pros and Cons of Adjustable Rate Mortgages With mortgage rates remaining higher, many buyers are considering adjustable-rate mortgages (ARM) for their future home purchase. While fixed-rate mortgages provide homeowners with the same interest rate for the duration of their loan, interest rates for adjustable-rate mortgages can change over time. These loans are more complex […]
The National Association of Realtors just released updated information on buying trends over the past twelve months. Here are the five biggest changes. 1. Fewer First-Time Home Buyers Historically, first-time buyers make up 40% of the home-buying market. However, over the past twelve months, that number has dropped to only 26%. The primary reason for the […]
Key Takeaways Sell your home faster with these easy repair and design tips Minor improvements make a big difference Contact us to sell your home for top dollar in 2023 Thinking about selling your home in 2023? Your property’s interior and exterior look and feelhave a direct impact on the final sale price of your […]
