It’s June, and with the summer heat the real estate market also heats up this time of year. Overall, prices moved up in May, though inventory came up slightly. Expect a slight slow down in early July for summer vacations, then the market usually picks back up again before the fall and winter slow down. … Continued
Buying a home is an exciting experience, but it can feel a bit overwhelming if you don’t have the right information.
Because buying a home is arguably one of the biggest decisions people make in life. It is important to work with a local real estate professional who will represent you and help you navigate the process. After all, home sellers will likely have an agent working solely on their behalf and so should you.
HOME BUYING STEPS
Whether you’re a first-time home buyer or an empty-nester ready to downsize, there is a lot of planning involved in buying a home. Some of your preparation to buy a home includes:
HAVE AN EXPERT IN YOUR CORNER
In this market, home buying can be a challenge. Homes are selling quickly, and many receive multiple offers. You deserve to have a strong advocate to help you buy a home. The Rita Boswell Group has helped many home buyers find their ideal home. Call Realtor Rita Boswell at 614-547-3229 to find your Central Ohio home.
Rita Boswell was extremely patient, knowledgeable, and professional. In addition, she was so attentive to me as a buyer, it made me feel if I was her only client.
Without a doubt, I would definitely recommend Rita to anyone looking for a realtor.
— Condo Buyer Jason Moore
It’s May and the house hunting season is in full swing! The number of listings went up in April, but so did the number of homes closed and in contract. Inventory remains low and is about the same as this time last year. Read More to see how the Central Ohio real estate market did … Continued
Birds are singing, flowers are blooming… and the market is heating up! Literally, Columbus was just named the Hottest Market in the US. If you’re thinking about buying a home, what better way to enjoy the lovely weather than to go see some homes for sale! Read More to see how the Central Ohio real … Continued
In a recent article, livability.com ranked cities from around the country on which were the best places to live in the U.S. They only chose 100 cities. Out of those 100, Columbus, Ohio placed 31st. Cities were ranked on everything from civics to infrastructure. Livability.com even evaluated more specific categories, such as the food and … Continued
January is usually the beginning of the end for the slower winter season in real estate. Home buyers in Columbus enjoyed more inventory, longer days on market, and lower prices on average. As the days grow longer, the weather warms, and folks begin to get their tax refunds, that’s when the real estate market swings … Continued
The weather and short days generally make January a slower time for real estate. It’s normal for prices to shift down and properties to spend more time on market. However, thanks to the new year and tax returns on the horizon, many home buyers and sellers are gearing up to enter the housing market soon. … Continued
Many Columbus, Ohio home buyers are choosing to purchase a newly built home. There are many reasons to buy new or build. You can get the floor plan, features, and finishes you want. Newly built homes tend to be more energy efficient, saving energy costs long term. Additionally, many home buyers are struggling to find … Continued
Buying a home is a huge financial decision, so it makes sense to hire a home inspector before you buy. Even if the Columbus home you’re considering looks great, there could be hidden issues. This is where a home inspection is crucial. If there’s a leaky roof, mold, termites, or a faulty foundation, chances are … Continued
As expected, the market is experiencing its usual seasonal cool down. It is still a seller’s market, but fall and winter are the best time to buy a home. Price reductions will become more common, especially for higher priced homes, and Days On Market will move up. Prices should come down slightly. Lower priced homes remain in … Continued
This question comes up a lot: “Do I need a real estate agent to buy a new home?” There’s often confusion around the need for a Buyer’s Agent when buying new construction in Columbus. After all, home builders usually have sales agents on-site who are friendly and ready to help. It seems easy at first. … Continued
As we come to the end of summer, we expect to see the market begin to seasonally shift. The frenetic housing frenzy of the spring and summer begins to slow down as families focus on school and then holidays. However, some reports are showing that the market may be headed towards a more balanced state … Continued
Summer is here and the market is HOT HOT HOT! Home prices have hit record highs and days-on-market keeps going down. It’s definitely a great time to sell a home in Central Ohio! Keep reading to see all the charts and information. 🏘️ Columbus Homes For Sale, New Listings, Sold, & Pending The … Continued
Whether you’re thinking about buying or selling a home in the Columbus area, you can benefit from viewing homes that have recently sold. Home sellers can use recent home sales in their neighborhood to get an idea of home prices on homes sold nearby. Home buyers can look at recent home sales in a community … Continued
Temps are heating up, and so is the Central Ohio real estate market! The number of days on market for Columbus homes for sale is down, and average home prices in Columbus are up. Read on for April’s days on market, average prices, months of inventory, and more. 🏘️ Homes For Sale, Newly Listed, Sold, … Continued
Is it spring yet? Even though Old Man Winter won’t leave us alone, the housing market in Central Ohio is not waiting for the weather to match the season. Our already hot market got even hotter in March, with inventory moving back down and prices moving back up. Keep reading for our days on market, … Continued
Spring is right around the corner! You know what that means?! House hunting season! Better weather and longer days are perfect for touring homes for sale in Columbus. But, is the market more favorable for buyers or sellers? Let’s dive into February’s real estate data and see how the market did and what trends we … Continued
Housing inventory in Columbus has been at historically low levels for some time now. This issue has frustrated home buyers, causing some to stop their house hunt altogether. For others, they continue to search endlessly or they compromise and buy a home that fits most of their criteria. Recently, Rita was able to help one … Continued
January’s real estate market numbers are out for the Columbus area! Are we still in a Seller’s Market? What are the current trends? How quickly are homes selling? Let’s dig in to the data to find out! Read more to get the latest Central Ohio real estate market information complete with charts and graphs.
The holidays are over and the new year has begun! If you are a home buyer or seller that took a break in December, it’s time to hit the market with renewed focus. Homebuyer traffic is already starting to increase. So sellers, go ahead and start preparing your home to sell. And buyers, it’s time … Continued
Buying a home is exciting and frightening all at the same time. However, you can put your mind at ease if you know what to expect when it comes to closing costs. Closing costs are those costs that you will need to pay upfront on the day of the closing. In some situations, the seller … Continued
Wading through the real estate market to purchase a home can be daunting if you don’t understand the process. Check out these six steps to buying a home before you begin the search for your dream home. Keep the excitement of buying a new home alive! 💯 Know Your Credit Score Knowing your credit score … Continued
The Holidays may be right around the corner, but the real estate market in the Columbus area remains strong! I’ve got the latest real estate market data through October 2017, and it’s still a Seller’s Market in Central Ohio. Things will slow down a bit due to the season. We are beginning to see the … Continued
If you’ve followed my market reports through the summer, you already know that Central Ohio is seeing different market conditions for different price points. Overall, the Columbus area has had (and continues to have) a Seller’s Market. However, buyers and sellers in the higher price points will likely find conditions more favorable to buyers. The … Continued
Probably everyone knows about Zillow and their “Zestimate,” but in case you don’t, here’s what it is (according to Zillow): “The Zestimate® home value is Zillow’s estimated market value for an individual home and is calculated for about 100 million homes nationwide. It is a starting point in determining a home’s value and is not … Continued
The Do’s & Don’ts Of Builder Upgrades With so few Central Ohio homes for sale, many home buyers are opting for new construction homes. It’s a common misconception that it’s cheaper or better to have all upgrades done by the builder. The truth is, some upgrades are best done by the builder, while others should … Continued
With many Central Ohio homes for sale receiving multiple-offers, I find I am getting a lot questions from both buyers and sellers on what to do in a multiple offer situation. Buyers are finding the current real estate market difficult because homes are selling so quickly. They’ve often lost out on a home already, and … Continued
Moving from a small town or suburb to a large city like Columbus can be an intimidating proposition. Here are a few tips to help make your move as painless as possible. Research before you move. It’s important to understand the culture you’re joining. Do research online and find out about school systems, neighborhoods, parking, … Continued
Looking to buy a Central OH home? Here are five essential tips for making the process as smooth as possible. Get your finances in order. Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a … Continued
Recently, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic news and a … Continued
With the Central OH real estate market on fire, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% … Continued
As the events of the last few years in the real estate industry show, people forget about the tremendous financial responsibility of purchasing a home at their peril. Here are a few tips for dealing with the dollar signs so that you can take down that “for sale” sign on your new home. Get pre-approved. … Continued
The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report: “Without a significant … Continued
There are some people that have not yet purchased a Central Ohio home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s mortgage. HOW CAN YOU BE PAYING … Continued
Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways: 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is … Continued
Below read quotes from experts as well as industry reports & articles that cover the residential rental market in the U.S. What Experts Are Saying Zillow Chief Economist Svenja Gudell: “Make no mistake: Despite this recent slowdown in rental appreciation, the rental affordability crisis we’ve been enduring for the past few years shows no signs … Continued
The monthly mortgage payment on a Central Ohio home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to go up in 2016. HOME PRICES CoreLogic has projected a nationwide 5.2% home value appreciation … Continued
Recently, we discussed the reasons why Central Ohio home ownership makes sense financially. Today, we wanted to touch on the emotional or “real” reasons that many Columbus area residents strive to become home owners. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s … Continued
The financial crisis affected so many who had no choice but to sell or relinquish their Central Ohio homes and take a credit hit. Those who did are starting to see their credit improve and are wondering if it’s time to re-visit the world of home ownership in the Columbus area. Many of you are … Continued
You hear it on the news all the time: “It’s a buyer’s market,” “It’s a seller’s market,” or “The housing market is on the rebound.” And, while you probably get the gist of what these folks are talking about, having a deeper understanding of the housing market and how it works can help you immensely … Continued