Check out these articles for helpful tips, local events, and sometimes random tidbits I feel like sharing. If there is a topic you would like to see covered in a future post, just let me know.
2019 Columbus Real Estate Market Forecast
January 28, 2019
Now that we have started to settle into 2019, I’d like to tell you what I think we will see this year in the real estate market. I’ve consulted my crystal ball, and here’s what I see in store.
As I wrote in a post back in October, real estate values have followed a remarkably predictable 18-year cycle for 200 years. In that cycle, we see about 14 years of growth, followed by 4 years in decline. And in the middle of the 14 years of growth, we see a little hiccup that we call the Mid-Cycle Slowdown (more on that in a minute). To make this clear, here’s a graph for you:
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Is the Columbus Real Estate Market Slowing?
August 10, 2018
As you may have read online in the last couple of weeks, realtor.com released their report of the hottest real estate markets in June. Midland, TX topped the list again (as it did in April and May). But second place was held by our beloved Columbus, which moved up from fourth place in May (we were unranked in April).
Photo by Yaoqi LAI on Unsplash
So if we are in such a hot real estate market, why would I possibly suggest that the market might be slowing? People are listing their houses on Thursday, getting 15 showings on Saturday, having 35 parties come to the open house, receiving 5-7 offers to choose from, and accepting an offer over asking price before lunch on on Monday, aren’t they? Because it seems like everyone has heard that story from someone they know.
Yes, that is still happening… in some cases. I had a buyer client just this week agree to pay almost $10,000 over the asking price and offer to pay up to $5,000 if the appraisal came up short. In the end, the house went to someone else whose offer was even more generous. However, that kind of craziness is not happening as often as it used to. Areas like Grandview, for example—which was recently in such demand that people looking to sell their home were able to get an offer at their asking price advertising by word of mouth alone, without help from a Realtor—remain hot, but now you’re starting to see for sale signs pop up where you didn’t see them before. And they’re staying in the yard a little longer than they used to.
I have seen three of my own listings, all of them lovely homes that I was sure would be in contract shortly after they hit the market, linger for longer than any of us expected. And other Realtors in my office have shared similar experiences with me.
So what’s the deal?
Why You Should Hire a Pro to Take Listing Photos
July 12, 2018
When you list your house for sale, you want to present it in absolutely the best way possible. That’s why I always hire a professional real estate photographer to take listing photos for my listings. In this video, I show you what a difference it can make. I interviewed Chris Robinson from CA Robinson Photographic to give a few tips for homeowners to prepare their home for photographs. His recommendations are:
Watch the video below for my interview with Chris and to see some “before” (my iPhone photos) and “after” (Chris’s professional photos) of the property. When you do, I think it will be clear why I always hire a pro to take my listing photos!
How to Flip a House For a Profit
April 16, 2018
I am excited to share that I was recently quoted in an article entitled “25 Expert Tips on How to Flip A House For a Profit” in Fit Small Business. HGTV has aired several shows in the past few years that make house flipping look very appealing. However, it can be quite easy to lose sight of the fact that those shows are created for their entertainment value. They omit many of the expenses involved because it doesn’t make good television. As a result, lots of folks are trying their hands at flipping a house without proper education. The tips given by the experts in this article are only the tip of the iceberg, but they are great nuggets to keep in mind.
If you have any interest in exploring real estate investing, whether it be flipping or rentals, I would be more than happy to answer any questions I can. Please don’t hesitate to give me a call.
Getting Your Home Ready to Sell
February 27, 2018
Spring will be here before you know it, and with it will come the traditional start of the new real estate selling season. Of course, people buy and sell homes in all months, but springtime is when things really start to heat up.
If you’ve been thinking about selling your home this spring, here are some simple tips that I shared on Good Day Columbus last week about getting your home in top shape to impress potential buyers.