1. Low interest rates – Right now, interest rates are lower than ever before. This means you can get an extremely affordable loan and save big on interest payments.
30 Yr Fixed - 1% Org 4.000%*
30 Yr Fixed - No Org 4.250%*
15 Yr Fixed - 1% Org 3.375%*
15 Yr Fixed - No Org 3.625%*
FHA 30 Yr - 0% Org 4.250%*
VA 30 Yr - 1% Disc 4.250%*
**Rates are subject to change based on credit capacity. Based on purchase loan amounts of $150,000. For details, call me today!
2. Cheaper home prices – Not only are interest rates low, but homes all around are cheaper. Since the market is packed with homes for sale, selling has become harder. As a result, prices have fallen significantly, allowing you to get a more expensive home for less money.
3. Potential tax credits - As a first-time buyer, you could be eligible for thousands of dollars in tax credits. Best of all, you do not have to pay it back, as opposed to previous years.
4. Less competition - Many people no longer have the money to purchase homes, so fewer people are buying. This is great news for you-you don’t have to worry about floods of people bidding up the price on the property.
5. Huge inventory – Right now, between the current inventory of homes for sale, short sales, HUD and VA homes, and new build homes you have more to choose from than ever before!! You can take your pick from a wide variety of available properties.
6. Big bargaining power – Because so many people are trying to sell their homes, they’re more willing to be flexible. As a buyer, you could greatly benefit and may be able to save on closing costs, upgrades, repairs and more. Work with me. I can negotiate a great contract for you.
There has never been a better time. Call me today to get your free listing of HUD homes, Short Sales, or to see just how low prices are on existing home! I'll put together a list and e-mail or send it to you today!
About Me
- Couch on Houses
- Central, Ohio, United States
- Full time Real Estate agent/ consultant with HER Realtors in the Central Ohio area. Dedicated to a clients success using the latest real estate tools, honest communication, and available when you call!
Investors ..first time home buyers...have I got a DEAL for you..
Actually...I have several.
Short Sales abound in this market and I have a couple to show you. (A short sale is where the Seller is asking the bank to take less than what is owed on the property)
When a short sale is taking place, true deals can be made. You can buy a property for much less than what was paid for it originally. Sometimes, that can mean 50% of the value. The key to a successful bid on a Short Sale is patience. If you have the patience, the rewards can be exceptional.
Here are two possibilities:
The first is: 3052 Noelle Court
Picture a quiet street in a cul-de-sac, this classic American contemporary two story has one of the largest yards in the neighborhood..and it's fully fenced.
There are 4 bedrooms...one for each member of the house or 3 bedrooms and 1 guest room!
Christmas doesn't get any better than diner in the dining room and then sitting by a cozy fire in the family room. Make those holiday cookies in your kitchen with loads of counter space and a center island!
This home was purchased in 2006 for $140,000. It is listed today at $119,900.
And #2
248 Nashoba Ave
Located on the West Side of Columbus, this home is an investment property and has a long term tenant in it who has mantained this remodeled property with 3 bedrooms, 1 bath and a detached garage.
Charm is everywhere but the Seller has to let it go to short sale.
Originally purchased and remodeled at a cost to the Seller of about $100,000, this home is currently on the market for $44,000.
These are the 'deals' we have all said...'if only' we could buy this house for this rediculours amount...and here it is...Were you serious? Here is your chance!
Short Sales abound in this market and I have a couple to show you. (A short sale is where the Seller is asking the bank to take less than what is owed on the property)
When a short sale is taking place, true deals can be made. You can buy a property for much less than what was paid for it originally. Sometimes, that can mean 50% of the value. The key to a successful bid on a Short Sale is patience. If you have the patience, the rewards can be exceptional.
Here are two possibilities:
The first is: 3052 Noelle Court
Picture a quiet street in a cul-de-sac, this classic American contemporary two story has one of the largest yards in the neighborhood..and it's fully fenced.
There are 4 bedrooms...one for each member of the house or 3 bedrooms and 1 guest room!
Christmas doesn't get any better than diner in the dining room and then sitting by a cozy fire in the family room. Make those holiday cookies in your kitchen with loads of counter space and a center island!
And #2
248 Nashoba Ave
Located on the West Side of Columbus, this home is an investment property and has a long term tenant in it who has mantained this remodeled property with 3 bedrooms, 1 bath and a detached garage.
Charm is everywhere but the Seller has to let it go to short sale.
Originally purchased and remodeled at a cost to the Seller of about $100,000, this home is currently on the market for $44,000.
These are the 'deals' we have all said...'if only' we could buy this house for this rediculours amount...and here it is...Were you serious? Here is your chance!
Nu3bers Part 2 Grove City-Urban Crest/Grove Port
The next community as you head south...but by no means the only community- If you don't see your community and you want data on it, PLEASE contact me! and I will make sure you get it...is Groveport.
Next post I have some of the interesting deals you can get in one of these neighborhoods.
Num3bers-Dublin/Hilliard
Numbers tell us tell us so many things from the condition of our bank account, and how much change we have in our wallets. We live in and around numbers every day.
In the Housing Market the numbers have changed significantly over the years I have been in Real Estate. Buying or Selling real estate is much more than just a sign in the yard and a contract in hand. I want to share a few more of the graphs from the last article. I'm going to start in Dublin, and Hilliard Ohio. Dublin is a beautiful community with open spaces, and a river running through it...well, that's my romantic version of it. It is beautiful. And quaint. And modern. and oh so much more.
Now that you know how to read the charts, here are Dublin's 'numbers':
Hilliard has come a long way from the small town country area it was to one of the fastest growing communities we have in this area. You can see it best trying to maneuver through the road construction as it tries to keep up with the growing population!
Here are Hilliard's numbers:
It takes a while to digest this market, doesn't it?
What you are seeing is the culmination of the economic pressures on the market in the past year.
Housing prices are going down. The number of sales are going down while the number of houses on the market are going up.
Home prices are, according to experts, supposed to drop 3.5% each year through 2013. Just WHAT do all these numbers mean?
It means people ..you and I ....are seeing some unprecedented times. Nothing like this current economic time has every happened quite in this way before. We don't know how long it will last or where this path will take us. But I think what this also tells us is that what you are looking at is the culmination of job loss, trying to meet bills, the mortgage payment and our dependence on being able to move and make a profit on our assets (our houses).
We are forced to begin to think 'out of the box' for ideas that we've never tried before. As a Realtor, I'm forced to be more creative, become more of a teacher of the facts and figures to people who never expected to have to know these numbers or what they meant.
There are still some basic facts in place and I think we need to keep these in mind:
1. That people..you and I...still need to have a place to live.
2. People will still be buying and selling property They will still use short sales, some will go through foreclosure, others will begin to see their homes as a commodity that needs care, and fixing up to get it sold because of the competition of more homes for sale.
3. As a Seller- you will need to stay on top of the market, of the trends, understand the competition , choose wisely, and move forward.
4. If you are a Buyer it means- staying on top of the market, be aggressive in your decisions, the houses have never been more plentiful or at these prices, choose wisely and move forward.
Rates are at a historic LOW to encourage Buyers to BUY. To encourage Sellers to re-finance if that sees the best..or use the FHA 203-K re-finance to fix up your home and stay put.
If you want more information about these charts, the market, or the loans I mentioned..let me know!
In the Housing Market the numbers have changed significantly over the years I have been in Real Estate. Buying or Selling real estate is much more than just a sign in the yard and a contract in hand. I want to share a few more of the graphs from the last article. I'm going to start in Dublin, and Hilliard Ohio. Dublin is a beautiful community with open spaces, and a river running through it...well, that's my romantic version of it. It is beautiful. And quaint. And modern. and oh so much more.
Now that you know how to read the charts, here are Dublin's 'numbers':
Hilliard has come a long way from the small town country area it was to one of the fastest growing communities we have in this area. You can see it best trying to maneuver through the road construction as it tries to keep up with the growing population!
Here are Hilliard's numbers:
It takes a while to digest this market, doesn't it?
What you are seeing is the culmination of the economic pressures on the market in the past year.
Housing prices are going down. The number of sales are going down while the number of houses on the market are going up.
Home prices are, according to experts, supposed to drop 3.5% each year through 2013. Just WHAT do all these numbers mean?
It means people ..you and I ....are seeing some unprecedented times. Nothing like this current economic time has every happened quite in this way before. We don't know how long it will last or where this path will take us. But I think what this also tells us is that what you are looking at is the culmination of job loss, trying to meet bills, the mortgage payment and our dependence on being able to move and make a profit on our assets (our houses).
We are forced to begin to think 'out of the box' for ideas that we've never tried before. As a Realtor, I'm forced to be more creative, become more of a teacher of the facts and figures to people who never expected to have to know these numbers or what they meant.
There are still some basic facts in place and I think we need to keep these in mind:
1. That people..you and I...still need to have a place to live.
2. People will still be buying and selling property They will still use short sales, some will go through foreclosure, others will begin to see their homes as a commodity that needs care, and fixing up to get it sold because of the competition of more homes for sale.
3. As a Seller- you will need to stay on top of the market, of the trends, understand the competition , choose wisely, and move forward.
4. If you are a Buyer it means- staying on top of the market, be aggressive in your decisions, the houses have never been more plentiful or at these prices, choose wisely and move forward.
Rates are at a historic LOW to encourage Buyers to BUY. To encourage Sellers to re-finance if that sees the best..or use the FHA 203-K re-finance to fix up your home and stay put.
If you want more information about these charts, the market, or the loans I mentioned..let me know!
Selling houses in a Buyers Market-Understanding the NUM3ERS
As with anything in life, understanding is a key componant of success. The HOUSING market is no different. To help with this, I am going to give statistics from a company Real Living subscribes to -TRENDGRAPHICS -that deals with the specific housing numbers I'm presenting.
Starting with the ENTIRE Multiple Listing Service areas- that is Franklin and surrounding counties there are were 16,655 listings in the month of August. to see how this looks in graph form:
On this graph you will also see that 1338 houses sold in the month with 1073 in contract and waiting to close. This graph will also take you back to June of last year to see the pattern of houses listed to houses closed.
Take a look at the bottom of the page. Home sales are up 2.8% from 1 month ago but down 27.8% from 15 months and down 23.1% from a year ago.
Every community is different. I will run some of those communities in this blog. If you don't see your area or would like me show you, let me know.
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