If there is anyone out there in Central Ohio still considering the purchase of their first home, now is the time. I am not a cheerleader type, especially for the same sort of party line that all real estate agents are eschewing right now.
That said, the truth is, there’s never been a better time to buy your first home. Interest rates are at historically low levels and thought to be increasing soon. Housing stock, even at this time of year, is plentitful and growing and less expensive than it may have been a couple years ago.
And, oh yeah, there is an $8,000 tax credit for first time Buyers and a $6,500 tax credit for Sellers. There’s never been a better time to buy your first home. Until now.
Delicious Real Estate is rebating cash back to all buyers.
Just like the tax credit, this offer only extends to any buyer who is in contract on a home by April 30, 2010. Unlike the tax credit, this offer is not limited to first time buyers, rather it is open to any buyer.
*Buyers must be pre-approved by lender of choice.
*Homes must be in Franklin or contiguous Counties.
*The rebate will mentioned in the purchase contract for the home and listed on the settlement statement as required by state law.
*You must know the secret password which means you read to at least the middle of the post. The secret password is “Go Clippers!”
*Call, email or stop by for more information
Why am I doing this?
The average American home has grown over the last 30 years from 1,645 square feet to 2,219 sq ft while the number of children families are having has decreased over the same time–as have lot sizes.
How much space do you need for the way that you live? In addition to being more expensive, is it somehow unethical to buy more home than you need ?
The average (of 5,902) Columbus single family home that sold in 2009 was 1,515 SF which speaks to the age of most Columbus homes. Expand that to Franklin County(10,746 homes sold in Franklin County in ‘09) and the average square feet jumps to 1,762.
Americans like a little elbow room. They also enjoy trading up…homes, cars, jobs. Sometimes keeping up with the neighbors means Read the rest of this entry »
It’s hard to imagine that mid December of 2009 wasn’t a potential bottom point for Columbus Mortgage rates. Today, the best rates are somewhere around 5.125% and as the economy improves (or at least as we’re told it is improving) the rates will rise.
If you plan to buy this year, I would do it sooner rather than later. I’m reading a lot of predictions about year-end 2010 rates in the 6’s.
Don’t just take my word for it….From Reuters the the other day….”The U.S. Federal Reserve will have to raise interest rates as the economy improves or risk losing the public’s confidence in its commitment to keeping inflation low and stable, a top Federal Reserve policy maker said on Tuesday.
Charles Plosser, president of the Philadelphia Federal Reserve Bank, said expectations for future inflation are currently “well-anchored,” but warned that there is “considerable uncertainty” clouding the outlook for price pressures over the next two to five years.” more.
[caption id="attachment_708" align="alignleft" width="270" caption="Which way are Columbus Mortgage rates going?"][/caption]
It's hard to imagine that mid December of 2009 wasn't...
[caption id="attachment_692" align="alignright" width="270" caption="This 1248 sf 3 bed, 1.5 bath cape cod on Meadow Rd sold this year for...
[caption id="attachment_688" align="alignleft" width="270" caption="This 2 bed, 2.5 bath 1,634 sf home on West Second in Victorian Village sold recently...
[caption id="attachment_685" align="alignright" width="270" caption="This 4 bedroom Chaucer Ct Home sold for $279,900 in late November"][/caption]
Homes on the market: 99...
[caption id="attachment_676" align="alignleft" width="270" caption="Real Estate Taxes vary by School District. Where in Franklin County Do you Live?"][/caption]
EDIT: 12/17/2009 Please...