I attend the Franklin County Fair every year, it s a lot of fun. My mom and I like to watch the harness races, eat junk food, check out the farm animals and go through the exhibit halls. Here is the link with all the schedule events for each day. The Fair is address is 4100 Columbia St., Hilliard, Ohio 43026, 614-876-7235. For parking, follow the signs.
http://www.franklincountyfairgroundsohio.org/Genfairinfo.htm
Franklin County through Columbus Housing Partnership provides down payment assistance to the first time home buyer! This program pays for your home down payment up to 3% or $4,000 which ever is lesser and up to $2,000 for closing cost. The bonus to you, you do not have to pay this money back as long as you live in the home for six or more years. With any program the home buyer must meet certain requirements and they are; you must take and complete a first time home buyer class (provided my Columbus Housing Partnership), put $500 down of your own money, be a first time home buyer or have not owned a home in the past three years, the home you are purchasing must be in Franklin County, you must meet certain income/family requirements, you must meet certain debt ratios and saving requirements.
If you are interested in this program and think you might qualify, you should start the review process right now because this program can take five weeks for you to receive the money. And remember you also can qualify for the first time home buyer federal income credit of $8,000 which is due to expire 12/01/2009. For a more detailed explanation of Columbus Housing Partnership down payment assistance program, please read this link http://www.chpcolumbus.org/downpayment_guidelines.htm.
If you have questions please call the Columbus Housing Partnership at 614-221-8889 they are very very helpful or you can call me at 614-527-7724. Also, on their web site I found some very interesting articles on home ownership, credit counseling information...
Susan Buhr
Broker
Conduct your home search on www.pds-realestate.com web site.
If you are, think twice. You think you are going to get a great deal, maybe! This is why you should think twice about buying a home at a Sheriff Auction. Did you know that over 95% of the homes that go to Sheriff Sale are bought back by the bank that holds the primary mortgage? WOW. So why even bother going to the Auction and bid on home, will there is that 5% of homes sold to individuals. Those individuals who do buy them know and have extensive experience in the foreclosure process. Before they even bid on a home, they've done extensive research on the home, such as title search for liens (they hire a real estate attorney), may or may not understand the condition of the home, they have cash, they have access to investors money, and understand the local housing market pricing. If a home buyer doesn't have a good understand of all of these factors they are taking a big financial risk. As a professional real estate broker, my advices to those home buyers' don't waste your time at the Sheriff Auction. However do wait on for 95% of homes that are bought back by the bank to be listed by a local real estate brokerage. Why go this route? Because once the property is listed all liens have been removed from the title, you can view the property condition, and you can get a mortgage on the property.
Susan Buhr
PDS Real Estate
Visit www.pds-realestate.com web site to conduct your home search
The latest stats on Ohio loan products- Out of 100%- FHA-VA 9% of home owners hold these types of loans, subprime 10% of home owners hold this type of loan, prime 50% of home owners hold this type of loan and finally 31% home owners own their home out right. The bulk of loans we are seeing go into foreclosure are FHA and subprime loans, which is a direct result of easy credit from 2003 to 2007. So what does this mean, what I see as a real estate broker, currently, majority of our local banks do not offer subprime loans, but they do offer FHA-VA loans. The banks who offer FHA/VA loans have tightened up their requirement considerably in the past two years. FHA requirements locally are; the borrower must have a 620 credit score or better, stable employment record, 3.5 % down, debt ratios of up to 40%. With the tighter requirements we should see less foreclosure in the future and that is good for all home owners.
Susan Buhr
PDS Real Estate
Visit www.pds-realestate.com web site to conduct your home search.
Our market is improving because of the $8,000 tax credit for first time home buyer's, interest rates at historical low's, and homes are more affordable compared to last year. With all this positive housing news and activity, Columbus, Ohio housing prices increased by 13% compared to April this year. Our market is now considered a balanced market. Read this link for more information on our housing market.
http://www.columbusrealtors.com/16640.cfm
Susan Buhr
Visit PDS web site to conduct your home search with out filling out a form
As the Broker for PDS, Susan provides a high professional service level for both Sellers and Buyers. Active member of the Columbus Board of Realtors and Independent Broker Association.
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