Buyer's Resource Realty Services Real Estate News | Columbus Ohio Real Estate | Buyer's Resource Realty Services - Part 2

Is the Market Turning for Columbus Home Buyers?

November 20, 2018

The inventory of Columbus homes for sale nudged higher as of September 2018, increasing 2.6% from a year ago. During September, Columbus home sales also dropped by –11.4%. Given these indicators of increased supply and softening demand, one might expect home prices to lose some air. Nope! Columbus home prices increased 9.8% in September, reaching […]

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Welcome the Holiday Season in Metro Columbus!

November 17, 2018

There are numerous ways to kick off the holiday season in Metro Columbus! If you’re ready for some warmth, cheer and family fun, make plans to attend these special events! November 16 through January 6. Wildlights – Columbus Zoo & Aquarium. Be amazed by over 3 million LED lights in a dazzling display of color!  […]

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Why Columbus Home Buyers Shouldn’t Fudge the Mortgage Application

October 12, 2018

Mortgage fraud is on the rise. But this time, it isn’t part of a bigger scheme orchestrated by white-collar thieves. Instead, there’s an uptick in home buyers who are attempting to cheat their way into a mortgage approval. There are two main patterns: mortgage applicants who claim a higher income than what they report to […]

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Columbus Home Buyers Should Prepare for Higher Interest Rates

October 7, 2018

The Federal Reserve increased its benchmark lending rate by .025 in September, the third such increase so far in 2018. Analysts predict another possible rate hike in December. What does it mean for Columbus home buyers? Most notably, mortgage interest rates are rising. As of September 27, the average interest rate on a new, 30-year […]

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Home Buyers Should Be Prepared for Lender Questions

August 27, 2018

Home buyers should be prepared for follow-up questions from their mortgage lender, according to a recent article by the Wall Street Journal. It is increasingly common for lenders to require a “letter of explanation” to address questions that arise during the mortgage underwriting process. Despite good credit quality and a strong housing recovery, lenders are […]

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Quarterly Market Statistics – Second Quarter 2018

August 25, 2018

    Below you’ll find market statistics separated by school district, as well as last quarter’s closed sales and median sales price graphs. Bexley Pickerington (Corp.) Columbus CSD Reynoldsburg CSD Dublin CSD South-Western CSD (Grove City) Gahanna Jefferson CSD Sunbury (Corp.) Grandview Heights (Corp.) Upper Arlington CSD Hilliard CSD Westerville CSD New Albany Plain LSD […]

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Mortgage Pre-Approval Can Fall Flat on Home Buyers

August 10, 2018

A couple of our Buyer-Clients recently experienced a last-minute problem with their pre-approved mortgage. They came to us with a pre-approval in hand from a reputable lending institution, though the actual loan officer was someone new to us. Things looked good for weeks, until two days before closing! What happened is this: there was an […]

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Central Air Conditioning Adds Value to Your Columbus Home

July 17, 2018

Columbus real estate isn’t the only thing that’s hot this summer! Temperatures were broiling in the beginning of July, and we saw record warmth during the month of May. With the hottest weeks of the season still ahead, central air conditioning is a selling point with Columbus home buyers. The Columbus Dispatch reports that homes […]

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Columbus Housing Costs on the Rise

June 29, 2018

Whether you rent or buy a Metro Columbus home, the cost of housing is going up. According to Zumper.com, the median rent for a 1-bedroom Columbus apartment increased by 2.8% on a year-over-year basis, reaching $730 as of June 2018. During the same period, the cost of a 2-bedroom Columbus apartment increased 7.1%, reaching $1,050. […]

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Top 10 Columbus Suburbs for 2018

June 13, 2018

Niche.com has updated its “Best Suburbs to Live in” list for 2018, and the top 10 suburbs for Metro Columbus includes some repeat winners. Several of the top suburbs in Niche’s list were named among the “Best Small Cities in Central Ohio” by WalletHub during 2017! The criteria for Niche’s ranking includes over a dozen […]

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