News, Stories, Events, and Columbus Ohio Homes for Sale

Here’s a nice treat for everyone, the most up-to-date list of HUD owned homes in Franklin County. There are some nice investor grade properties as well as some nice homes for first time buyers. Columbus hasn’t had a lot of HUD owned homes in the past few months but some of what we have is very nice. Check the HUD home list below for more info.

Click here to download excel listing of all Columbus Ohio HUD Home List

I can’t believe it.. Mortgage interest rates have hit a new low. I keep abreast of real estate news as well as mortgage news and this article perked my ears.

I was checking out one of my favorite news sites and bam! There it is. Mortgage rates have dropped to a new historic low. What’s that mean? Well in my opinion, a few different things.

1. The FED is trying anything and everything to get the stalled housing market moving. Without new jobs, it’s going to be a slow recovery but this certainly helps bring in buyers from the fence.
2. Sellers, this may be the best time to sell your home in the foreseeable feature. Sure prices are down across the nation and buyers are slim and few far between, but with interest rates at this level you will be able to monopolize on what buyers are out there.
3. As a buyer, you can get more home for your money. In the past few decades there has not been an opportunity like this. You can get more home for your money and pay less to own it.

I realize that jobs are scareace as well, but if you have any sort of down payment saved up or maybe you got a raise at work, this is a stellar time to buy a new home.

Check out the Market Watch article with the new mortgage rate info.

Real Estate, like anything else, has a pendulum swing. Politics, while not associated with real estate per se, has more of an obvious curve. We go for a few years voting for a type of candidate that might be supporting social programs, or like in today’s world, smaller government.

Real estate has the same basic change, although the time span is a lot longer. As my my older constituents point out we had this same sort of issue (with real estate) in the 80′s. It worked itself out, we went on for a decade or more with great increases and a great economy. And boom.. headed right back to where we were, in the thick of it.

Such conditions might not last long. Moody’s Analytics predicts that the number of distressed sales will begin to fall in 2013, and that prices will begin to edge upward then. Home building is at a virtual standstill, so the supply overhang isn’t likely to get much worse. Meanwhile, demographic indicators such as “household formation”—the number of new households each year—are on the rise, and promise to take a bite out of the glut in coming years.

Ruth Simon has some very good points in here, but the most meaningful in my mind, the market will get healthier and better. You can check it out for yourself HERE.

Nice two story home in Grove City. Plenty of space in this large house. Nice size bedrooms with a finished basement, great lot, and a quiet neighborhood. Nice updates. Some TLC and this would be a great first home. Listed for $140,000

HUD Owned home – Case# 413-433134

Style: 2 STORY
Air Conditioning: CENTRAL
Windows: INSULATED ALL
Heating: FORCED AIR, GAS
Basement Desc: FULL
New Financing: FHA, CONVENTIONAL
Exterior: BRICK, VINYL
Parking: 2 CAR GAR, ATTACHED GAR
Basement: Finished
Acreage: .8 of an acre
SqFt Tax Record: 2,280
Year Built: 2004
Parcel #: 040-012117-00
Tax Dist: 040
Taxes (Yr): $4,653
Tax Year: 2010
County: Franklin

Check it out here on Realty Ohio’s Website – 6024 Goldstone Dr Grove City Oh 43123

Or

Check this home on HUDHomeStore.com at – 6024 Goldstone Dr Grove City Oh 43123

This is a great little cap cod home in the Clintonville area. Listed for $160,000 featuring 3 bedrooms and two baths, amazing hardwood floors and a hard to find finished basement with an another full bathroom. Great wooded back lot as well.

This is also a HUD owned home.

Case# 413-482944

Style: CAPE COD
Air Conditioning: CENTRAL
Heating: GAS, FORCED AIR
Basement Desc: BLOCK, FULL
Exterior: VINYL
Rooms: DINING ROOM, LIVING ROOM
Parking: 1 CAR GAR, DETACHED GAR
SqFt Tax Record: 1,308 Acreage: .29
Lot Size: 60 x 211 0.290
SqFt ATFLS: 1,308
Year Built: 1948
Prior to 1978: Y
Parcel #: 010-084437-00
Tax Dist: 010
Taxes (Yr): $4,138

Check this listing out on Realty Ohio’s Website at http://www.realtyohio.com/mls=211013843

or

For the listing on HUDHomeStore click Here

I always find it interesting what the rich can actually get for their money. Now these aren’t amazing homes in Colorado or New York with a private butler and what not but I think pretty much anyone would be happy to see what one million dollars would nab ya. Check out the link below for all the ridiculous Italian marble and other fun amenities.

There are all sorts of hurdles that we try and jump throughout our existence but as I’ve realized in the past few months, none suck as much as relationships. It seems as though no matter what we do, or how old and wise we get, it’s the same old thing. You start out young, at the bottom of the food chain, trying to figure out how it all works. Now, I would think it gets easier the older you get, school does and in some respects and so does life, but that’s complete hogwash. It’s the same thing from when you were younger, pinching one another, flirtatiously hitting one another, but if your relationship ends it always seems to be on bad terms.

So with that good luck to everyone out there with your significant other or if you’re looking for that person, cheers to you also.

On a little better note some links I thought some of you might enjoy…

Bing challenging Google? No way… http://www.cnbc.com/id/38519141/

For all of you out there who like to take nice long, hot baths … Heat Exchange Power Pad

Last but not least, for all of you tech nerds like myself … How to get started with Usenet

Something you may not have heard… the housing market may still be dropping. While surfing some of the oh-so-intelligent websites I read everyday, I stumbled upon an interview with Gary Shilling (who owns A. Gary Shilling & Co. research firm) and it’s quite interesting.

His thoughts on housing are this; there are too many properties, three years worth according to him, for the market to stabilize. According to Gary we’re looking at another few years of excess inventory and a further drop in home prices. The reason I might actually agree with him?… being a HUD home listing broker I’m on the front lines of selling foreclosures and the amount of homes we get hasn’t slowed in the least.

Check out the video below and let me know what you think.

http://bit.ly/cmUX8L

Here’s another great builder in the Columbus market. Dominion and MI were once the top home builders in Central Ohio, and to my knowledge still are. With that being said you can click the link below and check out all of their current inventory homes.

Here’s a great list of all of Fischer Homes inventory. There are a few properties that are as far out as 90 days to complete with a few that are ready to move into. With that being said they still have quite a few homes that are eligible for the $8,000 tax credit.

Fischer Homes Inventory List