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September Columbus OH Real Estate Market Stats

RealSupport — Thu, 24 Oct 2013 03:40:25 +0000

Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs.

Bexley	Pickerington (Corp.)
Columbus CSD	Reynoldsburg CSD
Dublin CSD	South-Western CSD (Grove City)
Gahanna Jefferson CSD	Sunbury (Corp.)
Grandview Heights (Corp.)	Upper Arlington CSD
Hilliard CSD	Westerville CSD
New Albany Plain LSD	Whitehall (Corp.)
Olentangy LSD	Worthington CSD

For the Entire Columbus MLS, in September, there were 2,226 homes that closed with a median sales price of $147,000.

Last month’s market stats should help you get an idea of the activity in our area. Ready to start looking for Columbus real estate or beginning the search for homes for sale in the Columbus metro area? Contact us today for a free consultation or download our FREE e-book!

Remember: we’re with you every step of the way… all the way home!

Andrew Show
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

www.BuyersHome.com
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Why You Need an Exclusive Buyer’s Broker in Columbus, OH Real Estate

RealSupport — Thu, 10 Oct 2013 22:44:26 +0000

When preparing to buy a house in the Columbus metro area, many homebuyers wonder what a real estate agent can do for them. What most do not realize is the difference between an ordinary seller’s agent or “buyer’s” agent and an Exclusive Buyer’s Broker like us! The answer? A lot! Your Exclusive Buyer’s Broker can help you from start to finish— home search to home closing and everything in between. It’s an easy decision and can save you a world of headache in navigating your Columbus metro area real estate experience. Let Buyer’s Resource Realty Services do the work for you. Here’s how:

Let us work for you, exclusively
Exclusive Buyer’s Brokers never represent sellers or list homes for sale – EVER! As Exclusive Buyer’s Agents, we are dedicated to the homebuyer, with no conflicts of interest between sellers and you, so we work only in your best interests. We empower you to make the best decision. We look for ways to save you money and protect you throughout the purchase process to get you the best value and terms.

Let us show you the way
As Exclusive Buyer’s Agents, we will show you the widest selection of homes for sale that meet your requirements regardless of what broker the home is listed with, or whether it is a new build, a For Sale By Owner, or even an unadvertised home for sale! You need someone who has knowledge of the market and knows the ins and outs of particular neighborhoods and areas of Columbus, OH. With a Exclusive Buyer’s Broker (US!) working exclusively for you, you can be assured you’re purchasing the right home for you.

Let us do the talking
We will help protect you from the Hidden Real Estate Danger – the danger of working with a so-called “buyer agent” who works for a agency or brokerage that also represents sellers. Many “buyer agents” claim to be “exclusive” – but ask them, “Does your brokerage represent sellers?” At Buyer’s Resource Realty Services, we also make saving you money a priority. We will save you money in the purchase of your new home getting you the best price and terms – and best of all, there are no added fees or costs for our services.

Let us explain the tricky parts
Avoid the headache of comparing loans, thumbing through paperwork and trying to figure out the real estate terms. Your Exclusive Buyer’s Agent will help you every step of the way.

So, whether you’re buying your first home in the Columbus metro area or your tenth, Buyer’s Resource Realty Services is the best choice for your real estate needs. Why would you want to work with a seller’s agent, dual agent, or designated buyer agent when it doesn’t cost anything to have your own Exclusive Buyer Agent represent you? If you’re looking for Columbus real estate or beginning the search for homes for sale in the Columbus metro area, contact us today for a free consultation or download our FREE e-book!

Remember: we’re with you every step of the way… all the way home!

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Gen X and Gen Y Homebuyers in Columbus Metro Area

RealSupport — Wed, 25 Sep 2013 22:03:26 +0000

A recent survey shows Gen X and Gen Y homebuyers continue to feel optimistic about the state of the real estate market, despite the lackluster job growth and the unemployment, and under-employment, rate! In fact, as the survey states, these Columbus metro area homebuyers are not feeling deterred from buying homes in Columbus, OH at all.

75 percent of Gen X and Gen Y homebuyers surveyed by Better Homes and Gardens Real Estate were found to believe that owning a home is a key indicator of one’s success, with 69 percent stating that conditions in the housing market actually made them more knowledgable about Columbus metro area real estate than their parents were at their age.

In fact, many Gen X and Gen Y homebuyers would go to lengths like taking a second job or moving in with parents to acquire their long-time dreams of owning a home. Are you a Columbus, OH homebuyer from these generations? Here are some tips that could help you achieve the American dream:

Plan Ahead
Find your five year plan and create mile markers accordingly. Take note of the slowly rising home values and somewhat higher mortgage rates and consider how much a said home might cost you if you decided to wait to purchase.

Technology Can Help
As common with many homebuyers in the Columbus metro area, many members of Gen X and Gen Y begin their search for homes for sale in Ohio online. Utilize all homebuyer resources available to you, including mortgage calculators, homebuyer checklists, and listings – especially at BuyersHome.com. Google Street View can help you take a look into the neighborhood of a home you may be interested in— this helps you explore the area before you express further interest and don’t forget our “Bird’s Eye” view option on our mapping feature at BuyersHome.com, too.

Talk to Your Real Estate Agent
Enlist the help of an Exclusive Buyer’s Broker to discuss your plans and goals for buying real estate in the Columbus area, financial options, and give you advice and counsel based on years of experience. Your Exclusive Buyer’s Broker knows the market and can give you the insider’s point of view without any bias.

Increasing Home Value
Gen X and Gen Y are known for being mobile and moving around. Because of this, these homebuyers should look for ways to increase the home’s value that will eventually yield a decent return on investment. These homebuyers should be advised to not buy the best home on the block, but rather a home that they can put value into (“forcing the equity up” as we call it) and in fact, remodeling is now granting homeowners a larger return on their money than in the past.

Are you ready to take advantage of everything the metro Columbus, OH real estate market has to offer? We have the Exclusive Buyer’s Broker for you to help you make the right decisions and find the right home for you. Contact us today to chat about your options and plans for buying a house in metro Columbus, OH— Remember: we’re with you every step of the way… all the way home!

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Columbus Metro Area Homebuyers Ready to Make Moves!

RealSupport — Fri, 20 Sep 2013 16:54:25 +0000

Great news is beginning to come out of the real estate market nationwide as more homebuyers begin to regain positive equity in their homes. As a result, and as home equity levels keep improving, the move-up homebuyer is coming back! What’s a move-up buyer? A move-up homebuyer is one who is ready and willing to sell their home to replace it with a bigger, often pricier home. Recent improvements in home equity levels have allowed these homebuyers to begin searching for homes for sale in Columbus metro area and really take advantage of the local real estate market.

Just like many metro Columbus, OH homebuyers, move-up buyers are looking to grasp the current mortgage rates before they rise any more. Rising mortgage rates have only continued to motivate some buyers to enter the housing market now (Fall and Winter are historically FANTASTIC times to buy a residence!). But other buyers are delaying their decision to enter the housing market mistakenly hoping that rates will drop back lower and they are willing to be patient.

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Columbus Homebuyers— Why Americans Are Buying Real Estate

RealSupport — Thu, 12 Sep 2013 16:34:58 +0000

Owning a home is still a large part of the American dream, according to a new study of homebuyers and current homeowners, and in fact, many can admit to wanting to buy a house in the Columbus area in the near future.

The top reasons for starting the search for homes for sale in metro Columbus, OH include:

Pride in Owning

Most people buy homes to have control over where they live. Although tax and investment features are important, the psychological reasons for buying — the satisfaction of owning and freedom from paying rent—are just as important.

Dislike Paying Rent

People intrinsically dislike paying rent. Renting offers you no equity, no tax benefit, and no protection against regular rent increases. Writing a rent check is just like watching your hard earned money sail away!

Wanting a good place to raise a family
Many take to metro Columbus area real estate in the hopes of finding a great neighborhood, great home features, and great educational opportunities for their children. According to a new study by Harvard University, homebuyers feel confident in buying real estate in the near future for the purpose of finding a safe location for their family to live.

Wanting more living space
Homebuyers are moving up! It hasn’t always been the case in the past, but more people looking for new homes are wanting more space than they currently have.

Wanting control of the living space
This comes along with making the leap from renting to owning a home— more Americans are wanting control of their own homes, without the say-so of a landlord or other authority. The decision to buy a home in metro Columbus often comes from the desire to take control of one’s home and really make it one’s own.

Realizing that owning is a better financial investment than renting
With rising mortgage and housing prices, the question has come up often. But the answer is still yes, owning a home and switching from renting to owning is still a better investment. The homeowners surveyed in Harvard’s new study agree— they would prefer to own than rent and plan to make the purchase in the near future.

Tax Advantages

Property taxes and qualified home interest are deductible on Schedule A, for itemized deductions effectively reducing the true cost of ownership. Both mortgage interest and property taxes are tax deductible.

Long-term Appreciation

People consider home ownership a good investment because they view it as a long-term venture — as long as they do not overpay! Historically home prices have risen at relatively steady rates up to 2005. Once the market correction is over (and Central Ohio gets more jobs!) a slower rate of appreciation will result.

Leverage Investment

People usually borrow 80 to 96.5% of the purchase price to buy a home, yet they receive the full benefits of price appreciation when it occurs. Historically investments in homes outpace inflation.

Source of Savings

Despite the recent 6 years home ownership always has and continues to comprise the single largest source of savings for many American households and the Columbus, OH marketplace is starting to firm up.

If you are considering buying real estate in the Columbus metro area, it might be time for you to consider the great options during the Fall and Wintertime to buy. Let your Exclusive Buyer’s Broker help you make the process less daunting. Contact us today to chat about your options and plans for buying a house in metro Columbus, OH— we’re with you every step of the way… all the way home!

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Buying a House in Columbus, OH— Signs You’re Ready

RealSupport — Thu, 29 Aug 2013 22:52:39 +0000

Have you started a property search for homes for sale in Columbus, OH? Started jotting down a home feature wish list— including kitchen wants, bedroom needs, and the like? In case you didn’t know these are indications that you’re ready to buy a house in metro Columbus— among many others! The following signs are just a few that indicate if you’re ready to purchase and should contact us:

Find Your Budget
Purchasing a home comes with responsibility— and a slew of other expenses— like insurance, property taxes, electric, gas, water/sewer, internet/cable and a little fund for repairs/contingencies (and don’t forget the cost of a move). Tapping into your money management skills is essential and if you don’t yet have a budget make one, and we can show you how! When all is said and done and you’re not living paycheck to paycheck, you may be ready to buy a home.

The Down Payment
Along with determining your home budget you’ll need a down payment of anywhere from 3.5% on a FHA loan to 5% on a conventional loan, or more. Typically, a 15% or 20% downpayment will save you on private mortgage insurance or loans with higher interest rates. Consult with us so we can help guide you as to what’s best for you and your lending options/choices.

Manage (Or Improve) Your Credit
Another thing to have in order before you dive into Columbus, Ohio real estate is your credit. You don’t have to have perfect credit to become a homeowner, but having a decent score can help you obtain a better interest rate and lower monthly payment. In conjunction with your lender check your credit history and if you have any errors do your best to correct them before considering what is your best lending/loan options.

Build an Emergency Savings Fund
A good rule of thumb is to have three to six months living expenses saved in an account, just in case. If you have this under control, you’re one step closer to homeownership. Just in case something happens to your job, your health, or another unexpected circumstance comes up, you want to be sure you can still make the mortgage payment.

Make the Commitment
Owning a home is a big commitment, so be sure you’re ready to take that on. With renting, if something breaks, you simply call the landlord. When you’re a homeowner and something breaks, that’s now your responsibility. There are extra expenses that come with buying a house in Columbus and additional tasks like yard upkeep and home maintenance that you’re also taking on. Make sure you have the time, energy, and desire to keep up your home to help determine if you’re ready to become a homeowner. Our Educated Buyer Notebook is chock full of great info and tips to help you with the largest financial transaction of your life, and it’s free for our Buyer-Clients!

Andrew Show
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

www.BuyersHome.com
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Columbus, OH Events—This Fall in the Columbus Area

RealSupport — Wed, 21 Aug 2013 19:44:46 +0000

There’s still summer left to enjoy, but fall is just around the corner! August and September means new events and new opportunities to get out an explore the Columbus, OH area. From art exhibits and jazz performances to fall festivals and food crawls, Columbus has great events on the calendar that are sure to be fun for the whole family! Here’s what’s happening:

North Market Artisan Sunday
Sunday August 25, 12 PM to 5 PM
North Market Outdoor Farmer’s Market Plaza
—Columbus’ creative class of artisans and crafters converges on the farmers’ market every Sunday from May through October peddling their handmade wares from 12-5PM.

Ohio Cup Vintage Base Ball Festival
Friday August 30 6-7:30 PM through Sunday September 1 (Satuday and Sunday 9 AM to 5 PM)
Ohio History Center, Columbus
—See 30 vintage base ball (yes, two words) clubs from throughout the Midwest and beyond square off by 19th-century rules during one of the largest gatherings of vintage base ball clubs in the country.

Columbus Microbrew Festival
Friday September 13 through Sunday September 15
North Market, Columbus
—Great chance to sample microbrews from all over the state! Beer tasting admission $20, including a commemorative pint glass, 10 tasting tickets, and a $5 North Market food certificate. Discount coupons good for $2 off the tasting admission fee will be available at all participating microbreweries in September. Additional tasting tickets available for $1 each. Tickets available in advance online (starting September 1st) at the North Market business office and at the door on the days of the event. More details available at: http://www.artsinohio.com/event/north-markets-columbus-microbrew-festival#sthash.8rZr0g83.dpuf.

Riverfront Arts Festival
Friday September 27 through Sunday September 29
Downtown Columbus, Genoa Park
—The Riverfront Arts Festival at Downtown’s Genoa Park is a not to be missed event! This is the perfect opportunity to check out a range of art styles of 100+ local and regional artists featuring a variety of fabrications, designs, paintings, pottery and textiles!

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Cash Offers in Columbus, OH Real Estate

RealSupport — Wed, 31 Jul 2013 21:03:44 +0000

With inventory levels rising and an influx of buyers, our market tapering off, you might be wondering exactly how you will land your Columbus, OH dream home. Besides choosing an Exclusive Buyer’s Broker like us a select few buyers are choosing all-cash offers to come out ahead of the multiple bidders they may have to compete against.

So, why are cash offers so appealing?

Possible Price Reductions
Paying in cash may qualify you for a possible price reduction in the asking price of the Columbus, OH property. With cash, you might catch the seller’s attention and snag their property for less than asking price.

Quicker Closing
Not always, but paying in cash may speed up the closing process by ending the drama associated with financing. Last minute requests and delays are often what pushes closing dates later than what the homebuyer would like.

Avoid Closing Costs
When you pay for your piece of Columbus area real estate in cash, there are many aspects you may be able to bypass and closing costs are nominal!

Goodbye, Monthly Payments
Perhaps the most appealing feature of paying in cash is the no monthly payments. There are no monthly bills and no “End of Mortgage” party to throw 20 or 30 years down the road.

While a cash offer may not be possible for you on your home, Buyers Resource Realty Services will help you choose the best option that makes sense given your financial situation. Besides finding you the best property that fits your wants and needs, we will also help you achieve the best deal and the best terms! Ready to start your home search? Contact us today!

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Columbus, Ohio Real Estate Prices Rising Less Than You Think

RealSupport — Thu, 18 Jul 2013 14:46:35 +0000

If you’re a first-time homebuyer or have recently begun searching for a new Columbus, Ohio home, you might be worried about rising mortgage rates and housing prices. But don’t write off the current real estate market just yet— the latest FNC Residential Price Index recently found that home prices might actually be rising less than you think.

According to the study, “home prices in the 100 largest U.S. metro areas rose 4% in the year ending May 2013, a slowing of the rate from 4.9% reported from March 2012 to March 2013.”

The study found that the rate at which home prices are rising is actually modest, averaging 0.4% per month in the last six months. “Similarly, the rate of annual price appreciation appears to be much slower and sustainable than reported by a number of other closely watched price indices,” the FNC reported.

As real estate markets are hyperlocal, the rates at which housing prices increase does differ from place to place. The FNC took a look at year-to-date trends by city which differ from the year-to-year trends. Out of the cities included in the FNC Residential Price Index, not to be compared to the widely watched Case-Shiller Index, Columbus, Ohio (along with Chicago, Washington, DC, and Houston) were cited as locations where housing prices stayed the same or decreased during the first five months of the year— Columbus at a 0.6% decrease in home sale prices.

Feeling better about your choice to purchase a Columbus, Ohio home? Let Buyer’s Resource Realty Services help you search the available homes on the local real estate market and achieve your homebuyer goals!

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Columbus Exclusive Buyer’s Broker Role in Current Housing Market

RealSupport — Wed, 03 Jul 2013 19:44:10 +0000

In our current metro Columbus Ohio real estate market, the Exclusive Buyer’s Broker has taken on a new role. Homebuyers are likely to become overwhelmed with the entire home buying process and in turn, look to us for unbiased advice and guidance. Not only are we in place to find the best property for the buyer, but also to provide counseling in our area of expertise. We keep them educated on ways to ensure a smooth and successful Columbus, OH home purchase.

By choosing an Exclusive Buyer’s Broker from Buyer’s Resource Realty Services, you can be assured that your homebuying experience will be timely and that the homes you are shown are in your very best interests. Your Exclusive Buyer’s Broker will work exclusively for you— they possess no seller’s listings or participate in any seller representation. Your financial capabilities and price intentions are kept confidential and while the Exclusive Buyer’s Broker may relay the seller’s motives to you, you can be assured they will always work to serve your wants and needs in real estate.

Another way your Exclusive Buyer’s Broker will take on a heightened role is in pointing out the general weaknesses of a property, in addition to its strengths without any bias. They will negotiate exclusively on your behalf as the homebuyer and work for the best available purchase price, terms and conditions of the deal. As part of your purchase contract, we will offer an independent property inspection with a written report and a “home warranty” program, so you can rest knowing you made the right decision as a new homebuyer.

Homebuying can be a lot to take on. Eliminating all Insider Trading, Conflicts of Interest, Double Dipping on the commission, and instead focusing only on your needs as the buyer is the best decision you can make. Your Exclusive Buyer’s Broker at Buyer’s Resource Realty Services pledges to you their loyalty to get the right house and the best price and terms for you exclusively to put you one step above the rest!

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