At Home with Connie Sadowski, Real Estate Expert

Waiting for the mortgage rates to come down before you buy a home may not be a good decision.   If you are correct, and the rates do come down by two percent, the savings you benefit from a lower rate will most likely be devoured by the appreciated price increase.   An example: The 30-year fixed-rate was at 6.33%.  If the rate drops to 4.7% in three years but the price increases by 5% a year, a $400,000 home today, will cost $463,050 three years from now. An increasingly, popular option that more buyers are considering is to purchase the home today with an adjustable-rate mortgage that could give them an approximate 5.00% rate for five years.  Then, refinance to a fixed rate when rates come down.  Not only will the buyer have lower payments with the ARM, but the buyer will also own the home, and benefit from the appreciated prices which will build equity in the home and increase their net worth. Mortgage rates increased over 3% in the first three quarters of this year and in 2022.  Som

THE 1 PERCENT RULE IN REAL ESTATE EXPLAINED Pr Mashvisor  in real estate is and why it can be helpful to investors. What Is the 1 Percent Rule in Real Estate? The  1 percent rule in real estate  states that for an investment property to generate  positive cash flow , the monthly rent should be equal to or greater than 1% of the total investment. Monthly Rent  ≥ One Percent of  Total Investment It is important to note that the total price paid for the property includes not only the purchasing price but also the cost of any upfront renovations or repairs. The purpose of this rule of thumb is to determine if the monthly rent earned from an investment property will surpass its monthly mortgage payment when evaluating potential purchases. At worst, the investor should  break even on the property . In other words, the 1% rule quickly measures an investment property’s ability to produce cash flow. The rule is used by investors to do quick math on rental properties to figure out whether to loo

 388 Liberty Ln, Westerville, Ohio, 43081 Back to school complete, plan your holidays in your new home. A rare find, a floorplan like no other with first floor addition of owners suite & ensuite full bath/ In law suite w door to polywood deck overlooking shaded backyard with pond and get lost in your 3 season room for quiet time. First Fl Laundry & additional owners suite upstairs & three more bedrooms total of 5 BR, 3 full & one half bath. Renovated & maintained on wooded lot, feel of a retreat. 50 yr metal roof, New SS appliances, granite counters with eat in kitchen, dining room, partial finished basement w greatroom. Fireplace Chimney new, Radon mitigation, shaded with restful sitting areas. Wide sidewalks, neighborhood across from Highlands Park Read More

Time to dream: Considering a move to Worthington, Sunbury or further? No matter where your dreams take you, the   CB® Move Meter   provides you a side-by-side comparison of the cost of living, quality of life and even job market strength for your  hometown vs. cities all across the U.S.  --Connie Sadowski, Realtor MOVE METER START HERE

  Did You Just Find Your Dream Home? Here's How You Can Tell. BY   ELIZABETH WEINTRAUB It's normal to be cautious when you're shopping for a home. After all, a house is a huge investment, and you'll want to be sure that you're making the best decision possible. How you'll know that you’ve found the right property can vary by person. Some people have gut instincts. Others may need more convincing. Some indicators can tell you if you've found the right property for you. 10 Ways to Know You've Found the Right House It can be as simple as a strong tug because the place reminds you of another in your past where you felt happy, and you'll realize that right off the cuff. But the tell—or tells—could be a bit more subtle. You want to go inside the house.  Is the home in your preferred area, close to the places important to you, school, work, shopping, away from all that. What is important to you? Part of the excitement of looking at homes is not knowing whic

  Resources for Ohio homebuyers are available through the Ohio Housing Finance Agency (OHFA). Click here OHFA's Grants for Grads Program. Grants for Grads includes 5% down payment assistance for homebuyers who have received an associate, bachelor's, master's, or doctoral degree within the last 48 months. The assistance can be used toward a down payment, closing costs, and other prepaid expenses incurred prior to closing.  An example of the Grants for Grads Program Purchase Price $200,000  FHA Loan 3.5% down payment requirement  5% Grant for Grads= $10,000 towards a down payment, closing costs and prepaid expenses.  Find Homebuyer eligibility information including qualified lenders, credit score requirements, income limits and more information https://myohiohome.org/downpaymentassistance.aspx  For any questions about the Grants for Grads Program, please drop us a line!