Exclusive Buyer Broker Archives - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Columbus Stands Among Top Real Estate Markets – Again!

RealSupport — Mon, 17 Apr 2023 22:58:58 +0000

When you’re hot, you’re hot! Columbus real estate is the 4^th hottest market in the country, and a journalist for Realtor.com reached out to us for our perspective. We’re going to share those insights with you here, and expand on them a bit.

Columbus has been named a “hot” market multiple times since 2017 or so! Prior to that, Columbus earned headlines as the “most stable housing market” during the Great Recession, along with repeated “Best Place to Live” rankings by various media sites. A number of Columbus suburbs have also been named as hot markets and best places to live.

What’s our secret? Why are so many people drawn to the Columbus area?

Our answer for the Realtor.com article was condensed for space:

“Although home prices here are modest at $375,000, local real estate agent Andrew Show of Buyer’s Resource Realty Service points to the “energy” in the area that comes from having several world-class universities, state government offices, and headquarters for L Brands, Nationwide Insurance, and more. Show also touts the city’s progressive leanings, and commitment to containing sprawl even as it redevelops older neighborhoods. As a result of all this, Show says, “We’re not experiencing any downturn.”

Now we’ll add a few things here! Columbus is a highly desirable place to live, having excellent public parks, museums, cultural arts and amenities, year-around hometown festivals and major events. Plus, a steady influx of bright, young adults entering the University of Ohio and other institutions. The promising job market encourages these students to remain in Columbus after graduation, which helps keep our city young, vibrant and growing!

As mentioned in a prior blog, Columbus is the only Midwestern city to add over 100,000 residents during the last decade. It is estimated that the region’s population will triple by 2050. It’s likely that Columbus will remain on the “hottest markets” list for years to come! (If you’re a home buyer, don’t wait for the market to slow down…it could take a while!)

We are proud to exclusively serve home buyers in the Columbus area, and protect their interests in this competitive market! Whether you are relocating to Central Ohio, or you are a resident looking for your next home, our Exclusive Buyer Representation will give you advantages you won’t find anywhere else.

Get our free e-book, “How to Buy a Home like a Pro!” for immediate strategies!

As Exclusive Buyer’s Brokers, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services www.BuyersHome.com
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

The post Columbus Stands Among Top Real Estate Markets – Again! appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Columbus Home Buyers Should Consider Pet Rules in Home Search

RealSupport — Tue, 13 Oct 2020 07:25:01 +0000

One of the most frustrating things about renting are the restrictions against pet ownership. In the case where a pet is allowed, you might pay a larger security deposit, and perhaps a monthly surcharge on your rent. In most instances though, you’ll see rental advertisements with two clear words: “NO PETS.”

Why do landlords restrict pet ownership? Two main reasons involve property damage and liability. Dogs and cats may bite, chew, scratch and “mark” just about any surface that appeals to them. Most worrisome is the chance that a tenant’s pet may injure someone and cause an expensive lawsuit.

Buying a Columbus home doesn’t mean the pet restrictions are over. There are 3 main concerns to keep in mind:

Homeowner’s insurance restrictions. Insurance companies may not write policies if certain dog breeds are in the household. The list of “banned breeds” is ever-changing and includes dogs you might not consider dangerous! Check with your insurance company before you adopt a dog. Even a friendly dog can accidently hurt someone by jumping on them or getting underfoot, and your liability insurance could be put to the test.
Homeowner’s association rules. Maximum dog size and allowable breeds may be specified in exacting terms. The HOA may also restrict or forbid certain types of outdoor shelters, tie-outs or fencing. You should always check the association’s rules and financial statements as a home buying rule of thumb.
Local ordinance. Your municipality may forbid certain types of dogs in the interest of public safety. You may also be required to purchase a pet license and supply proof of pet vaccinations.

If you already have pets or are considering a new pet, check these considerations before you settle on a specific location or property. This will help ensure a good home choice for all members of your household, including your four-legged friends!

As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

The post Columbus Home Buyers Should Consider Pet Rules in Home Search appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Columbus Rents Climbing Higher in 2020

RealSupport — Fri, 04 Sep 2020 07:05:58 +0000

While Columbus Metro apartment rents aren’t as lofty as some cities, they have been rising sharply. An ApartmentGuide study shows double-digit rent increases on a year-over-year basis for Columbus apartments of all sizes.

The study compared average rents around the country from the second quarter of 2019 to the second quarter of 2020. Despite the pandemic and a spike in unemployment, average rents have increased in most U.S. states, especially for 2-bedroom apartments and studio units.

Columbus Rent Prices as of Summer 2020

Here’s how apartment rents in Columbus stack up, based on second-quarter 2020 data:

Studio average rent = $1,138.40, increase of 22.96%
1-bedroom average rent = $1,130.43, increase of 12.84%
2-bedroom average rent = $1,346.15, increase of 13.95%

When compared to other cities in the U.S., the rent jumps in Columbus rank as follows:

6^th highest in U.S. for studio apartment rent increases
10^th highest in U.S. for 1-bedroom apartment rent increases
9^th highest in U.S. for 2-bedroom apartment rent increases

Meanwhile, developers have been adding apartment supply to the Columbus Metro. About 1,000 new units are coming to market in Downtown Columbus this summer, with hundreds more in the works for the Short North, Brewery District, Franklinton and Italian Village areas. The added inventory should help balance demand, which in turn may slow future rent hikes.

Ready to say goodbye to your landlord? As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

The post Columbus Rents Climbing Higher in 2020 appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

Mortgage Payment Relief for Columbus Homeowners

RealSupport — Fri, 27 Mar 2020 07:13:03 +0000

Mortgage servicers, who process monthly mortgage payments and handle the management of various home loans, are quickly creating programs for borrowers impacted by COVID-19. Uniform rules for such programs are being legislated, and will be rolled out soon.

In the meantime, it should be noted that most mortgage servicers already have solutions to offer distressed homeowners!

These programs are available to anyone with a qualifying hardship. Typically this includes a job loss, divorce, illness, injury or just about any other life event that happens beyond your control.

Below are some common mortgage remedies. Please note, each of these require a formal application and review process which may vary by mortgage servicer. There is no guarantee of approval. It is best to continue to make your scheduled mortgage payments, if possible, while seeking one of these solutions.

Deferment: a certain number of mortgage payments may be “skipped,” but they must be paid eventually. Deferred payments may be put at the end of the mortgage term, lengthening your payment schedule.

Forbearance: if you miss one or two payments, your lender may allow you to make them up gradually with a structured repayment plan.

Modification: if you qualify, your lender may reduce your interest rate, or extend the loan term, or both, to create a lower monthly payment.

During the review process, your mortgage servicer will ask for a financial disclosure, and may require you to supply bank statements and other supportive documentation. (This isn’t too different from a mortgage application process.)

This is only a brief overview. If you are experiencing a financial hardship, please contact your mortgage servicer for information about available options!

The post Mortgage Payment Relief for Columbus Homeowners appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.