Archive for October, 2010

Perceived difficulties in qualifying for a mortgage

October 29, 2010 at 5:05 pm · Filed under buying a home, columbus ohio, Hilliard Ohio, market trends ·Tagged , ,

Qualify for a home mortgage

Buy a home Columbus ohio

Mortgage guidelines have tightened up significantly over the last few years, now requiring good (but not perfect) credit, documented income, a proven stable job history and cash for down payment and closing costs. Some buyers find it difficult to scrape the down payment money up; others find that they can qualify, but not for a large enough mortgage to buy any home worth owning (banks have tightened up debt-to-income ratios, too). Many would-be buyers don’t even consider themselves serious prospects, disqualifying themselves in their own heads because they heard somewhere that a 20 percent down payment is necessary – in actuality, many buyers can qualify for a 3.5 percent down, FHA loan. Between actual difficulties qualifying and perceived difficulties that don’t actually exist, lots of buyers are not biting because of loan “issues.”
Stop guessing that you may not qualify for home loan, contact PDS Real Estate and we can determine if you qualify or when you can qualify over the phone and go over the amount you will need to buy a house, closing cost and we can also direct you the OFHA for down payment assistance.

Call or email PDS Real Estate for real estate services for Central Ohio, susan@pds-realestate.com, office 614-527-7724. Visit our web site www.pds-realestate.com

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Need Financial Assistant to Buy Your First Home?

October 27, 2010 at 4:22 pm · Filed under buying a home, columbus ohio, home search, market trends, selling a home ·Tagged , , ,

Buyer Assistance

Home ownership

I’m always looking for ways to help buyer’s buy a home with that a seller sells a home. I attended a presentation put on by Ohio Housing Financing Agency (OHFA), at the Columbus Board of Realtors. Did you know OHFA offers a lot of incentive programs for home buyer’s, such as, first time home buyer grant assistance money, Columbus target areas, Ohio Heroes loan program, Mortgage credit certificate program, 203 k home repair loan program. Open up this link http://www.ohiohome.org/homebuyer/default.aspx and get more details on how these programs work, please call or email me with questions.

Call or email PDS Real Estate for real estate services for Central Ohio, susan@pds-realestate.com, office 614-527-7724. Visit our web sit www.pds-realestate.com

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10 Factors Home Buyer’s and Seller’s need to Know about Our Economy

October 25, 2010 at 4:15 pm · Filed under buying a home, columbus ohio, home search, market trends, selling a home ·Tagged , , ,

Home Ownership

Why Home Ownership so Important

Our economy is growing but slowly, as reported by NAR. As a professional I don’t just take NAR word or stats, I verify NAR findings by reading Wall Street Journal daily and I continue to see various private sectors post positive returns and adding employees. Check out this link that identifies the remaining factors and other links, as to, why home ownership is important.
http://www.realtor.org/research/research/market_facts_20100901

Call or email PDS Real Estate for real estate services for Central Ohio, susan@pds-realestate.com, office 614-527-7724. Visit our web sit www.pds-realestate.com

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Want to know what the Stars are doing with their homes?

October 11, 2010 at 12:31 pm · Filed under buying a home, Hilliard Ohio, home search, Uncategorized ·Tagged , ,

Living on Sun Strip Beach

Blue Waters to live on

Some Stars are leasing their homes, moving –up to bigger homes or just remodeling their existing homes. Sounds like normal stuff, but with much higher price tags and in premium real estate locations. Check out this link for details on Baron Cohen what he rented out his Sun Strip home for and his move-up home purchase.
http://www.ohiorealtors.org/absolutenm/templates/article.aspx?articleid=12450&zoneid=51Contact Susan Buhr for your real estate services, either buying or selling a home in Central Ohio. PDS Real Estate 614-527-7724, susan@pds-realestate.com. Visit our web site at www.pds-realestate.com

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Mortgage Rates at 15 year Low!

October 8, 2010 at 3:40 pm · Filed under buying a home, columbus ohio, market trends ·Tagged , , ,

Condo Hilliard, OHIO

Condo Hilliard, OH

With mortgage rates at a 15 year low, Ohio overall housing market and long with our local housing market, Columbus, Ohio, saw an increase of home purchases by 14% compared to 4 months ago. By all indication this increase in home purchase should maintain and grow, because Columbus and Central Ohio unemployment application has dropped and payrolls are increasing. Please read this link for more details on mortgage rates http://www.ohiorealtors.org/absolutenm/templates/article.aspx?articleid=12445&zoneid=51

McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage rate dropped yet again to break the survey’s all-time low; the 15-year fixed-rate did the same. The 5-year ARM also set an all-time survey low.
30-year fixed-rate mortgage (FRM) averaged 4.27 percent with an average 0.8 point for the week ending October 7, 2010, down from last week when it averaged 4.32 percent. Last year at this time, the 30-year FRM averaged 4.87 percent.
15-year FRM this week averaged a record low of 3.72 percent with an average 0.7 point, down from last week when it averaged 3.75 percent. A year ago at this time, the 15-year FRM averaged 4.33 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.47 percent this week, with an average 0.6 point, down from last week when it averaged 3.52 percent. A year ago, the 5-year ARM averaged 4.35 percent.
1-year Treasury-indexed ARM averaged 3.40 percent this week with an average 0.7 point, down from last week when it averaged 3.48 percent. At this time last year, the 1-year ARM averaged 4.53 percent.
Frank Nothaft, vice president and chief economist at Freddie Mac report, “The 12-month growth rate in the core price index for personal consumption , which the Federal Reserve closely tracks, has been drifting lower over the past six months ending in August and suggests inflation is running at a tepid pace at best. This allowed mortgage rates to ease to new or near record lows this week.”
“Housing affordability increased for the second month in a row in August to tie April’s level, according to the National Association of Realtors® (NAR). As a result, pending existing home sales also rose for the second consecutive month in August to the strongest pace in four months, the NAR also reported. Furthermore, since the end of August, mortgage applications for home purchases were up over 14 percent for the week ended October 1st.”
Copyright © 2010 Realty Times. All Rights Reserved.
PDS Real Estate offer reduced commisson and full service commission real estate service in Cental Ohio. Contact Susan Buhr, Owner and Broker, 614-527-7724, susan@pds-realestate.com. Visit our web site at www.pds-realestate.com

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Social Benefits of Homeownership and Stable Housing!

October 4, 2010 at 9:14 pm · Filed under buying a home, columbus ohio, home search, market trends ·Tagged ,

Research has consistently shown the importance of the housing sector on the economy and the long-term social and financial benefits to individual homeowners. The economic benefits of the housing market and homeownership are immense and well documented. The housing sector directly accounted for approximately 14 percent of total economic activity in 2009. Household real estate holdings totaled $16.5 trillion in the first quarter of 2010. After subtracting mortgage liabilities, net real estate household equity totaled $6.3 trillion.

In addition to tangible financial benefits, homeownership brings substantial social benefits for families, communities, and the country as a whole. Because of these societal benefits, policy makers have promoted homeownership through a number of channels. Homeownership has been an essential element of the American Dream for decades and continues to be so even today.

The purpose of homeownership studies is to review existing academic literature that documents the social benefits of homeownership. Furthermore, studies examines not only the ownership of homes, but also the impact of stable housing–as opposed to transitory housing and homelessness—on social outcomes, looking specifically at the following outcome measures:

•Educational achievement;
•Civic participation;
•Health benefits;
•Crime;
•Public assistance; and
•Property maintenance and improvement.

Check out this link for the detailed stats, good stuff…
http://www.realtor.org/wps/wcm/connect/8ec2e7804373765ebbf3ffebde1cdb9c/Social+Benefits+of+Stable+Housing.pdf?MOD=AJPERES&CACHEID=8ec2e7804373765ebbf3ffebde1cdb9c

Contact PDS if you are selling or buying a home and visit our web site www.pds-realestate.com

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