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It is amazing to see that May 2009 home sales here in Central Ohio have increased almost 13% over April 2009 making this the 4th straight month of home sales price increases. May 2009 sales were only slightly higher than May 2008, however, at $168,576 home prices are at their highest point of the year. Homes on average sold for $231 more than during May 2008, indicating that competition among consumers, particularly first-time buyers using the $8,000 tax credit, is continuing to drive the markets' recovery. Central Ohio inventory levels continue to decrease given the fact that New Listing were down 24.6% in May 09 compared to May of 08. Since the basic principle of supply and demand influence home prices this is great news for home sellers. With only 156 days left to take advantage of the $8000 dollar tax credit anyone looking to buy really needs to jump in now to take advantage of the best prices and inventories.
If you want to take advantage of the Central Ohio Housing Market please give me a call at 614-273-6406 or email me at Vanessa.simmons@realliving.com.
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12.9% Increase in Central Ohio Home Sales in May 2009
2 comments • Vanessa V. Simmons~Realtor • June 26 2009 02:11PMThe Peace of Mind Program Can Get You into the Home of Your Dreams
You're found the perfect home. It has the right number of bedrooms, great living spaces, and boasts prime proximity to everything you need. With so many great incentives now is the time to buy, but you have reservations about plunging into such an important financial commitment in the midst of economic uncertainty. If you find yourself in this situation, then Real Living's free Peace of Mind Program may be just what you need.
The Peace of Mind Program gives you the opportunity to take advantage of some of the lowest interest rates today, while ensuring your financial peace of mind tomorrow. Life can be unexpected at times, and Real Living wants to protect you and your home from unforeseen financial curve balls like involuntary unemployment. For a brief overview of the program's terms and conditions, click here. The best part is that the Peace of Mind Program is free! There are no hidden costs and fees associated with it.
Now is the time to take advantage of tax credits and low interest rates and with this program you can confidently move forward to making your home ownership dreams a reality. Call me at 614-273-6406 or email me vanessa.simmons@realliving.com to learn more about this program or to answer any other questions you have about real estate.
0 comments • Vanessa V. Simmons~Realtor • June 18 2009 11:16AMThe four Most Important things to Remember With Short Sales
Purchasing a short sale can be nerve wrecking and exciting. Many are lured in by the wonderful thought of getting a great deal on a house. However, it is important to remember, before getting too caught up that there are many "Got Chas" that without proper knowledge and guidance can derail your plan to short sale success.
The 4 Key things to remember when purchasing a short sale are:
1. Work with a Pro
Buying a short sale requires knowledge of the process and good negotiation skills. Just as with a regular sale your agent will coordinate all the elements, however, short sales come with a few other steps that an experienced agent can assist you with to help keep that dream from becoming a nightmare. This is not the time to go it alone.
2. Don't Delay
Finding the right Columbus area short sale, sometimes means your favorite property may also be someone else's favorite. That's why, your agent will be a valuable tool in assisting you in doing the research to help you quickly bid on the property.
3. Know what you are Buying
Most bad short sales experiences result from buyers how miss this important step. There are many surprises that may pop up, so it's important that your work with an agent that is experienced in finding out everything they can about the property, including whether or not the home has any liens on it and how with the liens be satisfied. Although this can be a bit of a roadblock, you may be able to negotiate.
4. "AS IS" may or May not Be As Is
Oft times, when buying short sales, the home is sold as is. However again with an experienced agent there may be areas were negotiating some fixes are possible. Ultimately, it will be up to the buyer to decide if they are willing to renovate or update the home as needed, if nothing will be done by the bank or sellers. If so, your agent and lender may be able to suggest some avenues to assist you in getting things repaired, even if it is just cosmetic work.
If you're interested in getting short sale property at a great price, give me a call today at 614-273-6406. I specialize in guiding people through the short sale process, and I'm happy to answer all your questions.
KEYWORD: Columbus area foreclosures
LINKS
Bid on property
http://www.ehow.com/how_2063972_bid-foreclosure-sale.html
Liens
http://www.wisegeek.com/what-is-a-lien.htm
Cosmetic work
http://www.cooperator.com/articles/1082/1/Proper-Cosmetic-Improvements/Page1.html
More on Short Sales See:
1 comment • Vanessa V. Simmons~Realtor • June 15 2009 10:07AMCity Wide Open House
Mark your calender for Sunday June 14th
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Come out to the Open House Extravaganza -Sponsored by the Columbus Board of Realtors.
Homes from $29,900 to over $800K will be held Open for your to view.
For a complete list of the homes and times CLICK HERE
With home prices increasing and inventories decreasing, here in Central Ohio, now is the time to make the move to your dream home.
For more information on this event or for other real estate help call me at 614-273-6406 or email me at Vanessa.simmons@realliving.com
1 comment • Vanessa V. Simmons~Realtor • June 08 2009 02:10PMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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