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 […]
Tag Archives: Central Ohio Real Estate
ARMs On the Rise!
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 […]
7 Smart Ways to Update Your Kitchen Without Remodeling
The kitchen is the heart of any home. It is where we prepare our meals, entertain guests, and spend quality time with our loved ones. However, remodeling a kitchen can be a time-consuming and costly endeavor. Fortunately, there are several ways to update your kitchen without remodeling. In this article, we will discuss seven smart […]
Real Estate Values Have Increased 41% in the Last Six Years
Franklin County is going through a Mass Reappraisal Process, required every 6 years. Are Real Estate taxes going up? What is the Mass Reappraisal Process? Ohio county auditors are required by state law to update property values every six years. Franklin County, among other counties, are currently going through their mass reappraisal, with new values […]
Have You Considered Buying a Second Home?
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. […]
8 Lessons Learned After Building a 117 Unit Rental Portfolio by age 39
A Pet Owner’s Guide to Managing a Second Home in Florida
Handling a multi-state living arrangement comes with some unique challenges, especially for pet owners who want to enjoy both homes with their animal companions. As one example, you might look to own Ohio real estate with the help of The Alfriend Group as well as a vacation home in Florida. This gives you the opportunity […]
Central Ohio Real Estate Newsletter: July 2022
Housing Market Update Rising interest rates and inflation are beginning to take their toll on the local real estate market! Last month, homes sales dropped 9.7% while pending sales were down 14% suggesting July sales will also be down from last year. “Higher interest rates and inflation along with escalating home prices are all working […]
How to Succeed With a Rental Property in Dublin, Ohio
It takes a lot to appeal to renters in the competitive housing market in Columbus, OH, and things are especially demanding in Dublin and the surrounding townships. If you want your place to stand out and draw potential renters, you need the best curb appeal, a good business structure, and high-quality images and promotional materials. […]
Open House Etiquette Tips for Ohio Buyers
As the housing market in Ohio continues to hit its all-time highs, every stage in the process of home buying becomes even more essential. As a buyer, one of the breaking points of your journey is the moment when you start visiting houses you consider buying. We have some advice for you on the open […]