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Market Conditions in 43224 : Real Estate Advice

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  • Local Info2
  • Home Buying1
  • Home Selling1
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Activity 28
Mon Apr 15, 2013
M. Abraham Javadi answered:
The condo fee is listed at $109/month in the MLS. BUT, it's under contract contingent to financing and inspection.
0 votes 2 answers Share Flag
Fri Oct 5, 2012
Hassaninaly asked:
Sun Jan 4, 2015
Don Tepper answered:
Wrong question.

Don't worry about fairness. That's not a consideration.

Have an agent run a CMA on the property to determine what it's really worth in today's market, in its present condition. Then pay no more than that figure. Perhaps offer less; your agent can advise you on that.

But don't get misled or diverted by concerns about "fairness," whether that's applicable to you, the seller, or some vague concept.

Hope that helps.
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Tue Jun 12, 2012
Susan Ziff answered:
What house are you asking about? My listing, 1457 South High Street in Columbus, OH is still available and the price has dropped to $235,000. It is 3641 SF and on .3 acre, just 1.5 miles from the center of the city and the courthouse. Please call me with other questions: 614-273-6220. ... more
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Sun Jun 3, 2012
James Deskins answered:
Mon Jul 16, 2012
Sarah Sykes answered:
What area are you referring to? I'd be happy to help!
0 votes 1 answer Share Flag
Mon May 21, 2012
Tammy Marquardt answered:
Although I can't answer specifically about the North Linden area, Columbus as a whole barely got ANY snow this past winter! But that is extremely rare. We usually get our big snows in Feb and March it seems. Here is a good site to research weather trends and averages: http://www.weather.com/weather/wxclimatology/monthly/graph/43210 ... more
0 votes 1 answer Share Flag
Fri Jun 24, 2011
Dale Cook answered:
Mon Jul 16, 2012
Spirit Messingham answered:
Honestly, there is no "normal" as every transaction is different. I would recommend you call and speak with some local agents and or Realtors to see what they can share about their experience on transactions in Columbus. if you are not working with an agent or Realtor, I highly recommend it. FYI, for more listings on MLS, you will not pay for their service(s) and expertise.
Best of luck.
Spirit
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0 votes 15 answers Share Flag
Sun Sep 5, 2010
Brittany Simonelli answered:
There are 9 homes that have sold since Jan 2009 in Franklin Park. I believe the the Lincoln District improvements will help to improve the values in Franklin Park area also. Of the 9 homes that sold, the prices ranged from $70,000 for a fixer upper to $157,000 for a nicely remodeled home. ... more
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Fri Aug 6, 2010
Ken And Kim Erickson answered:
Yes, its a great time to purchase but you still have to do your homework on pricing and values. Run comparables based on the neighborhood. Bank owned are usually great deals but they are not the only deal out there.. ... more
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Fri Sep 10, 2010
Ken And Kim Erickson answered:
Most cases you'll find that values are primarily driven by available financing to the buyers. When SB 185 passed all the exotic loans went away and with them went the overly large pool of buyers. In a more simple answer pricing is driven by supply and demand. The buyers drive the demand. In our current market the demand has fallen and the supply has actually gone up due to bank owned and the economy. This causes the prices to decline. ... more
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Wed Feb 17, 2010
Sean Carpenter answered:
Allen,

It's a great question that many homeowners ask themselves. A few questions back to you are these:

* Would the addition be made strictly for resale value or would you and your family be enjoying the benefits of it over a period of time?

Sort of like the old saying that "when you buy a new car, as soon as you drive it off the lot, it diminishes in value," that would most likely apply here. There is really no upgrade or enhancement that will hold 100% of it's cost so erase that thought from your head immediately. (see web link below for a cost vs. value discussion)

* What do the neighboring homes offer? If they all have an addition offering the same amenities (bath, rec room, quality of upgrades, etc.) then any future buyer would be expecting those features and would not be willing to pay much more than that of similar homes.

* Finally, whether it is next week, next year or ten years from now, you'll need to answer this question - "If you knew you were going to sell, would you still have made those addition?" That one usually gets to the answer that will help you.

Remember, the next potential owner of your home might not like your additions or changes so they'll move on to the next available home or offer you less than your asking price or they might love your home the way it is today and look to make their own additions after they take ownership.

My advice for you would be to make the decisions that best suit you and your families needs and budgets today. Worry about tomorrow when it comes.

Good luck with what ever you decide.
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Fri Dec 11, 2009
Ryan Conway answered:
Now is actually a great time to buy a home! It's especially great for the first-timer that can claim the $8,000 Tax Credit, get FHA financing for 3.5% down, and are even some down payment assistance programs available too! Not to mention the fact that it is a Buyer's market, with tons of great deals on short sales and foreclosures.

Now, if you want to be more specific about NOW (as in before the end of the year), I would say that it's better than it will be. Once the holiday season is behind us, I suspect we'll see more buyers enter the market and try to grab the tax credit before the April 30th deadline (close by July 1st). You could still get a jump on things by looking now and snag a great deal before those other buyers even join the market!

If you're interested, please feel free to send me an email with what you're looking for and I'll help you find some homes real soon! Email me at ryan@yhsrealtygroup.com
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0 votes 14 answers Share Flag
Thu Oct 22, 2009
Jodi Beekman answered:
The Federal Tax Credit, established by the American Reinvestment and Recovery Act is valid for homes that are closed prior to December 1st (closed by November 30th). There are many legislators vying for an extension, or expansion of the credit. However, nobody knows if the credit will be extended, and if so, under what terms. The bottom line is the bird in a hand theory- you know you can get the credit now, and do not know if it will be available in the future. Though time is limited, you can still get into contract this week, and reasonably be able to close in time for the credit. ... more
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Sat Sep 12, 2009
Don Bush Team answered:
Greatly Affected; from Rubble to Desired area. Price per squre foot-should have needs more specific
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Tue Aug 18, 2009
Mary Starkey answered:
Go to www.BuyNowFreeMoney.com. It is a website by Coldwell Banker that answers questions about the $8000 tax credit for buyers who have not owned a home in the past 3 years.
0 votes 11 answers Share Flag
Fri Mar 20, 2009
James Gordon ABR SFR SRS answered:
Price your home to sell compared to recent comparable sales taking into account the condition of the property. In my litttle corner of the world that is about 90% of last years price. Some of the neighborhoods have lost more, some less.
When the agent that you are talking to gives you a listing price do not take it personally everyone is down in value.
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Tue Nov 11, 2008
Brittany Simonelli answered:
Marcus:

I believe you have just missed the date of sale for 2008. Follow the link below for information on Franklin County tax lien sales:

http://www.franklincountyohio.gov/treasurer/dlqnt/taxliensale.html

If you are interested in other types of foreclosures (HUD homes, VA foreclosures, bank owned homes and short sales), these are posted on the local MLS and can be found with the assistance of any local agent.

Best of luck with your search,

Brittany Simonelli, Buyer Agent
Revealty
614-940-3067 Phone
614-621-1303 Fax
bsimonelli@revealty.com
... more
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Thu Oct 16, 2008
Jason Manos answered:
Depends on the size, location and school district. I specialize in multi-family with over 10yr of investment property and property management experience. The rental market is very strong. I have had 2 clients this yr recently sell stock and invest in 4 to 8 family units. Make sure you do a proper background check before renting. The risks are having someone trash your house or not paying rent. However its a great nest egg for the future plus you can leverge your equity to buy more property in the future. Advertise in Craigs list .
Goodluck Jason
... more
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