PRESS RELEASE
COLUMBUS BOARD OF REALTORS
MARCH 20, 2008
Drop in interest rate resulted in more home contracts last month
(March 20, 2008) The number of homes contracted for sale in February 2008 took a very positive turn, topping contracts written
during the previous three months as well as the same month last year according to the Columbus Board of REALTORS®.
“The drop in mortgage interest rates in late January generated immediate housing activity,” says Greg Hrabcak, President of the Columbus Board of REALTORS®. “Many buyers were waiting for the drop. Some used it to be able to afford their first home as the lower interest rates helped them to finally qualify for a home. Others jumped at the chance to move up to a larger home.”
See the entire article and statistics at
http://www.columbusrealtors.com/16341.cfm
HOME STAGING
The newest word in preparing a home for the market
What is “home staging”?
You have decorated and furnished your home for your particular needs and lifestyle. However, that décor may not have the broadest appeal to buyers looking at homes. In addition, you may have ignored some needed maintenance items. Addressing these will result in a quicker sale at a higher price.
If you are considering selling your home or have your home on the market, you should invite a “home staging” professional to review your home to make it more market appealing.
There is strong supporting evidence that “home staging” really works, especially in this very competitive “buyer’s market”.
Call me for the name of an outstanding “home staging” professional
Jim Lubinsky
Re/Max Affiliates
614-766-5330 ext 119
jimlubinsky.com
Monday, March 24, 2008
Thursday, March 13, 2008
Market Timing!
MARKET TIMING!
THE DOOR TO RICHES
If we had cashed out of the stock market last September we would have protected the $70,000 drop in portfolio value. How do we know when to get out? More importantly, how do we know when to get back in?
Stock markets move up very quickly. History shows that stock market prices move up faster than they fall. Timing the market is every investor’s dream. Few ever come close to succeeding. Can you predict the future?
The same is true of the real estate market. Opportunities abound right now to buy homes, offices space and more at greatly discounted prices compared to 2 years ago. Add to that, discounted loan interest rates and you have a rare opportunity to buy today.
First time buyers can benefit tremendously now! Also, current homeowners desiring to move to a larger home or better neighborhood have a tremendous opportunity. Homeowners might sell their current home for a little less than in prior years, but they can buy the next home for a lot less (example: you sell your $175,000 home at $10,000 less than you might 2 years ago and you buy $350,000 home at $20,000 less than you would have paid 2 years ago).
A well know Columbus real estate developer made his first fortune during the great depression by buying homes at half the previous values. A similar opportunity exists now. The opportunity window will close quickly when it starts to close. Take advantage now.
Current Columbus Ohio Real Estate Sales Stats
February 2008 2007 % change
Single family homes sold 1,244 1,378 -9.7%
Average sale price $167,590 $176,130 -4.8%
Days on market 117 116
Condominiums sold 190 245 -22.4%
Average sale price $146,200 $140,610 +4.0%
Days on market 144 132
Jim Lubinsky
Re/Max Affiliates
614-766-5330 ext 119
www.jimlubinsky.com
THE DOOR TO RICHES
If we had cashed out of the stock market last September we would have protected the $70,000 drop in portfolio value. How do we know when to get out? More importantly, how do we know when to get back in?
Stock markets move up very quickly. History shows that stock market prices move up faster than they fall. Timing the market is every investor’s dream. Few ever come close to succeeding. Can you predict the future?
The same is true of the real estate market. Opportunities abound right now to buy homes, offices space and more at greatly discounted prices compared to 2 years ago. Add to that, discounted loan interest rates and you have a rare opportunity to buy today.
First time buyers can benefit tremendously now! Also, current homeowners desiring to move to a larger home or better neighborhood have a tremendous opportunity. Homeowners might sell their current home for a little less than in prior years, but they can buy the next home for a lot less (example: you sell your $175,000 home at $10,000 less than you might 2 years ago and you buy $350,000 home at $20,000 less than you would have paid 2 years ago).
A well know Columbus real estate developer made his first fortune during the great depression by buying homes at half the previous values. A similar opportunity exists now. The opportunity window will close quickly when it starts to close. Take advantage now.
Current Columbus Ohio Real Estate Sales Stats
February 2008 2007 % change
Single family homes sold 1,244 1,378 -9.7%
Average sale price $167,590 $176,130 -4.8%
Days on market 117 116
Condominiums sold 190 245 -22.4%
Average sale price $146,200 $140,610 +4.0%
Days on market 144 132
Jim Lubinsky
Re/Max Affiliates
614-766-5330 ext 119
www.jimlubinsky.com
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