2016 Central Ohio Market Update

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Today we will discuss the current real estate market in central Ohio.

There are currently over 5,000 homes on the market in Central Ohio. Over 1,600 homes have sold in the last 30 days, and over 15,000 homes have sold in the last six months. Overall, that gives us 4 months of inventory, but this can vary depending on your price bracket.

• For homes priced up to $350k, it's a strong seller's market.
• Between $350k and $650k, we have a balanced market.
• Between $650k and $1 million, it's a buyer's market.
• Homes over $1 million are in a very strong buyer's market.

Interest rates will continue to increase throughout 2016. Currently, interest rates are steady at 4%, and jumbo rates are even better at 3.875%. I predict that the year will end with interest rates at a stable 4.5-5%

If you have any questions about today's video, or about real estate in general, please give us a call or send me us email. We would be happy to help you!

How To Choose The Best Real Estate Agent

Buying A Central Ohio Home? Get A FREE Home Search

Selling Your Central Ohio Home? Get A FREE Home Price Evaluation

When considering buying or selling a home, it is important to utilize the help of an experienced real estate agent. There are many things to consider before making this important decision. Here are the six key factors to take into consideration before choosing the real estate agent to help you with the buying or selling process.

1. Don't Pick Blindly.It's estimated that 68% of people choose the first agent that they meet. However, it is important to do your research and find a reputable agent that can help you buy or sell your home.

2. Ask The People You Trust. Personal recommendations are important because you want to work with someone who has a good reputation among your peers.

3. Interview The Agent. Make sure you know who they are, what they plan to do, and how they will sell your home for top dollar. 

4. Make Sure They Are Paying Attention. Always make sure that the agent is paying attention to you during the interview process. This speaks volumes about whether or not they will listen to you during the transaction.

5. Evaluate The Office/Brokerage That The Agent Works For. Is it small or large? Do they have enough resources on hand to meet your needs?

6. Find Someone You Are Comfortable With.You are going to be working alongside this person for at least a month or maybe more, so find someone that you are able to get along with.

Thanks for watching! If you need help buying or selling a home, put The Raines Group to work for you and contact us today!

 

Where Can You Find The Best Vendors In Central Ohio?

Buying a Central Ohio home? Get a full home search

Selling your Central Ohio home? Get a free Home Price Evaluation

In the real estate industry, we work with many different people. Because of our history and the many relationships that we have formed over the years, we wanted to let you know that you can always use The Raines Group as a resource to finding great vendors in Central Ohio. We have acquired a long list of qualified vendors that we believe to be the best around.

The vendors we recommend come from a myriad of industries. Some of their services include:

• Air duct cleaning
• Remodeling
• Electricians
• Handymen
• Insurance agents
• Chimney repair
• Attorneys
• General Contractors

The list goes on... Whatever you may need, please don't hesitate to contact us. To access our full list of preferred vendors, visit our website: http://www.therainesgroup.com/business-category.php.

As always, if you need help buying or selling real estate in Central Ohio, contact The Raines Group today!