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"As a first-time homebuyer, I was nervous about the entire process. Step by step, Joe made it easy and fun. His expertise in the Columbus real estate market is a tremendous asset. He is highly recommended!" - Nicolette Horan, March 08
"I wanted to say thank you again, so much, for all your hard work. I know that you really put a lot of time into this transaction and I really, really appreciate it. I'm so happy I got the house and it all worked out and I just wanted to say thanks again, you did a great job and i really appreciate it. I will put that on the survey when they send it to me.
If there is ever anything I can do for you, please don't hesitate to give me a call. I will refer every single person I know to you. I'm going to go get my dog and we're going to sit on the floor of our new house and have a glass of champaign. Thanks a lot Joe" -- Michael Mamp, Feb 08
Government Rebate Check? Stimulate your Economy - Buy a House
May 9th, 2008 categories: For Home Buyers, Real Estate News
Sounds Silly right? You can’t buy a home for a couple thousand dollars. Or can you? Let’s assume you’re a two parent, three child family. You’ll get something like $2100 in your rebate check ($600 for each adult and $300 for each kid). Maybe you’ve talked to OHFA about purchasing a home and they’ll help with the down payment or let’s say you want to put 3% down on this house. Of course, if you’re buying a property to rent out or to fix up and sell, you’ll need more down. If your $2100 rebate equals your 3% down-payment, then you’re hoping to buy a home for around $70,000.
Like downtown Columbus neighborhoods? OK, there are 197 homes on the market today within a 2 mile radius of Broad and High under $75,000. Yes, many of them will take a strong stomach and some real elbow grease. Let’s get rid of at least some that you think have no business being purchased because they are in need of too much work or are completely unrentable even after you fix them up for whatever reason—anything under $40,000.
Well, here’s 87 homes within a 2 mile radius of the Statehouse you could put your tax rebate money into and turn it into much more over the long run. It’s free money right? With the enormous growth of Children’s Hospital, the Parson’s Avenue momentum building at the Mayor’s office, The Lincoln Theater restoration, good housing stock, great thoroughfares like West Broad Street, and the completed flood-wall and proposed arts communities and new build developments proposed for Franklinton, maybe it’s not a bad idea.
Or, you could buy 560 gallons of gas at today’s rate of $3.75 per gallon. Even if you think this post is just silly, Have you thought of using smallish amounts of money to begin building long term wealth through real estate? I have, call me and we’ll talk about it.
Keahi Pelayo
May 9th, 2008
Very creative. Our values are so high our rebate checks may be a partial monthly payment.
Aloha,
Keahi
RE/MAX 808 Realty
Zach
May 11th, 2008
I’m still amazed that there are so many homes available at that price range. I just can’t justify renting any more.
Jeremiah Arn
May 14th, 2008
Real estate is no longer a can’t-lose bet, like we thought in 2004.
But there is no doubt that real estate is THE place to leverage money. Still.
By all means, talk to a professional like Joe!