I am ask many times about what is a Short Sale or a Foreclosure or a Bank owned and what is different about these types of homes. Below are a few videos that describe the 4 main types of homes sales that occur in Central Ohio. They are Normal or Owner Sale, Bank Owned, Short Sale and HUD. Please watch these videos and contact us with any questions you might have or how we can help you in buying or selling. Hope this helps!
I am asked many times about what all is involved in the actual buying process. Hopefully this will help. Also, we will work with you and walk you through each of the steps discussed in this video. If you have any questions please give us a call!
”If you worry about what other people think of you, then you will have more confidence in their opinion than you have in your own. Poor is the man whose future depends on the opinions and permission of others. Remember this, if you are afraid of criticism, you will die doing nothing!” Christopher Columbus in the book The Traveler’s Gift.
A recent Fannie Mae study reveals that the majority of Americans still aspire to own a home – and for good reason. Owning a home is critical to financial stability and wealth building. A home serves as a forced savings account and provides a solid asset, as well as a place to live. Despite the recent market upheaval, the vast majority of Americans still consider home ownership to be important to the economy and preferable to renting. Since the end of World War II, promoting home ownership has been high on the list of the federal government’s priorities, and will continue to be so.
As the graph below points out, the rent vs. buy equation needs to also take into account that rents are subject to increase every year, and mortgage payments remain fixed throughout the life of the loan*. Another key factor in the affordability picture is the federal tax deductibility of mortgage interest, which amounts to an annual savings of thousands of dollars for the average homeowner.
August marks the second consecutive month of increased home sales this year after the first half of the year vied to compete with increased sales from 2010 due to the home buyer tax credits. According to the Columbus Board of REALTORS®, 1,946 homes sold in August which is 15.4 percent more than the previous year and 4.3 percent higher than July 2011.
Recently we have had multiple reports of thefts from homes for sale. The method is a couple would come to look at the property and one would talk to the person at the home and the other would “look around” and in fact they were stealing items in the house. This is a great reason to have a Realtor! For Sale By Owners are taking a HUGE risk with there valuables and their life!!! Also the services that just put the home in the MLS, put the home owner in the same dangerous position. We will usually screen the person(s) first to see if they are able to buy. We also always tell our clients, NEVER let anyone in that just “stops by” and saw the sign. In addition, always lockup or hide your valuables when your home is on the market.
Home sales in central Ohio increased significantly last month compared to July of 2010. According to the Columbus Board of REALTORS®, 1,865 homes sold in July of 2011 – a 23.3 percent increase over the 1,513 homes which sold during the same month last year.