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What’s Really Behind Columbus Homes Sales Stats

June 21, 2011

On Monday the Board of Realtors published sales stats of Columbus homes for the month of May. On Tuesday the newspapers are full of doom and gloom stories, predicting a double dip recession and the total depression of the housing market. At first view the housing stats don’t look good. Home sales are down by [...]

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Fannie Mae’s Secret Trick That Yields Premium Offers

May 7, 2011

Over the past few weeks we lost a few bids on Columbus OH homes for sale, because the selling agent was able to get higher offers on these houses after we submitted our contract. Most of the homes I am talking about were either Fannie Mae owned or other bank-owned properties. In each instance, the [...]

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Why You Should Trust Your Columbus Real Estate Agent

April 24, 2011

When it comes to pricing a property, you should trust your Columbus Real Estate Agent. At least, if your agent is a full time realtor and did more than 20 transactions over the past 12 months. I am saying this for two reasons. Every now and then I am representing buyers that just don’t want [...]

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Are Fannie Mae Homes Overpriced?

April 17, 2011

In a recent survey our readers felt that Fannie Mae homes for sale are superior to other REOs, such as HUD homes and bank-owned houses. I certainly agree with this assessment. There are many beautiful Fannie Mae homes on the market that are well maintained and ready to move in for owner occupant buyers. But [...]

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Are Columbus Condos A Curse?

April 3, 2011

If you are the owner of Columbus condos and want to sell, you probably say yes to this question. Let’s take a closer look the the pros and cons of owning and buying Columbus condos and determine, if condos are a curse or a blessing. First, I want to look at condos from a buyer’s [...]

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How To Buy New Homes No-Money-Down in 2011

March 20, 2011

As we enter the spring of 2011 we read a lot about the tough, new lending standards and how hard it is to get a mortgage for your for your home purchase. Minimum down payments have increased and loop-holes that got buyers into homes for sale without any down payment have been plugged. So, it [...]

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Tax Consequences of Homebuying You Never Thought About

March 16, 2011

Do you realize that buying a home may have unexpected tax consequences? Most people only think of two when they purchase a house: They will have to pay property taxes, which are typically rolled into their monthly mortgage payment. They can deduct mortgage interest from their income taxes, and therefore, reduce their tax liability. You [...]

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30% More Homes In Contract Than A Year Ago

March 11, 2011

I just researched the most recent home sales data for Columbus. Unlike what you hear in the media, 2011 is off to a great start. Here’s why … The January report published by the Columbus Board of Realtors shows that sales dropped by 2.3% in January as compared to a year ago (download the report [...]

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HUD Accepts Less Than 20% Of Appraised Value

March 6, 2011

We get this question a lot. Every buyer wants to know, how low HUD will go, when they submit an offer. Unfortunately, I don’t have a good answer. Let me show you a few examples of how to judge the value of Columbus OH HUD homes for sale. It is safe to say that most [...]

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Why Buying a Home Will Be More Expensive This Spring

February 20, 2011

Are we out of the housing recession? According to the Clear Capital Home Data Index (HDI) Columbus is ranked number 5 in a list of cities with increasing home values. The HDI covers the 50 largest cities in the US. It predicts year to year changes of home prices. A total of 35 cities will [...]

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