Category Archives: Real Estate

Nathan Ruffing – Signature Real Estate

Buy Linden

Click here to see available houses in Linden.

Are you a renter in Linden? This is for you. There is a good chance you are paying more in rent than you would pay monthly for a loan to buy a house.

When you own a house, you save money, and improve your neighborhood, while building equity. Equity is the amount of money your home is worth more than the amount of money remaining on your loan. Equity increases as you pay your loan.

The first step is to talk to a lender and fill out an application. It is worth the try!

These Lenders Want to Hear from You:

American Mortgage Service Company

American Eagle Mortgage in Columbus

  • Ask about a 203K loan, which allows the buyer to borrow money to complete required maintenance.

Both of these lenders’ offices are close to Linden.

Below is a spreadsheet of the typical costs of operating a rental house in Linden. It shows that you are already paying enough … but you need to take credit for what you are paying by buying a house! If you either have minimum credit or can pay a 20% down payment, there is a chance you can own a home by just moving to another block or even by offering to buy the house you already live in.

Approximate With 20% Down Payment

5% Down Payment with Good Credit

Realtor® Registered Trademark Alt Code

Quick tip for Realtors®, you can quickly type the registered trademark “circle R” by holding the ALT button and typing 0174. This works on PCs.

ALT + 0174 = ®

ALT + 0153 = ™

ALT + 0169 = ©

Money

¥ = ALT + 0165

€ = ALT + 0128

£ = ALT + 0163

¢ = ALT + 0162

Math

¹ = ALT + 0185

² = ALT + 0178

³ = ALT + 0179

· = ALT + 250

° = ALT + 0176

¼, ½, ¾ = ALT + 0188, 0189, 0190 respectively.

√ = ALT + 251

π = ALT + 227

https://www.keynotesupport.com/internet/special-characters-greek-letters-symbols.shtml

Foreign Languages

ñ = ALT + 0241

? = ALT + 063

¿ = ALT + 168

Just search “alt code … ” for more.

Buyers, Get an Assumable Mortgage Loan

You should ask your lender about an assumable loan. This means that if you sell your house in the future, you can pass the loan to a qualified buyer. Typically, FHA loans are assumable.

The market conditions are great to buy a house right now. Interest rates have risen a little, but can still rise a lot more. If you have an assumable loan, you have the option to offer a qualified buyer today’s market conditions by giving them your low-rate mortgage along with your house.

An assumable loan can make your home easier to sell with more buyers and at a higher price in the future.

More information here:

http://www.bankrate.com/finance/mortgages/assumable-mortgage.aspx

Useful Real Estate Links

Central Ohio Real Estate Entrepreneurs is the local Columbus real estate investor club.

Franklin County

Franklin County Auditor has property owner information.

Franklin County Sheriff Sales has foreclosure auction information.

Columbus Development Commission

Franklin County Sex Offenders Search

Trulia Crime Map

Delaware County

Delaware County Auditor

Delaware County Sheriff Sales

Delaware County GIS Datasets

Loan Programs

OHFA 1st Time Home Buyer Down Payment Assistance Mortgage Tax Credit Etc.

Grants for Grads

Ohio

Ohio Construction Industry Licensing Board

Ohio Building Code

Ohio Plumbing Code

Residential Code of Ohio

Under 4101 of the Ohio Administrative Code, there is “Ohio Building Code,” “Ohio Plumbing Code,” “Residential Code of Ohio,” and within the building code and residential code there are electrical and plumbing sections, but not one place for electrical and plumbing codes. If getting inspected, best to talk to inspector.

National

FHA Approved List

National Association of Realtors® Economist Outlook

NETR Online has the link to all public records websites around the US

The Hot Market

Part 1

You have probably heard that the real estate market is hot. I set up my first showing for buyers at 1648 Gardenstone Drive in Worthington. It went on the market Monday, we set up the showing Tuesday, we received notification Wednesday before the showing that there were 60 showings scheduled for Thursday, so be respectful to the sellers’ home. Sure enough, it was practically a revolving door of buyer groups at the house.

The home is listed for $199,900. It is certainly a difficult market for buyers, but there is a reason for that. Interest rates are still low and the economy is good.

“It is always a good time to buy a house that you want to live in.”

Part 2

We looked at a house today, Tuesday, that went on the market yesterday, Monday. I arrived at the house, checked my e-mail while waiting for my buyers to arrive and I had a new e-mail saying the house had already gone into contract. Disappointing. We weren’t alone either. There was another group arriving also who didn’t know yet that the house was in contract.

Part 3

A house went on the market Thursday before Easter for $225K. I looked at it with buyers Saturday. They liked it so we put in an offer over asking price on Sunday, Easter Day. They had 9 total offers and accepted one at around $237K with the buyer willing to pay cash over appraisal if necessary.

Real Estate Office

Next week, renovations will be complete on apartment A3 of 695 Riverview Drive. I will live there from 1 May until I find a great deal on a house. Until then, it will serve as an office from which I plan to find this great deal on a house.

I am seeking people who want to work out of this office doing real estate in the listed fields. The fields do not compete with each other. Rather, each one strengthens the others. This can be part-time or full-time and you will use the skills and experience you already have to succeed.

Payment will be negotiated on a deal-by-deal basis, beneficial to all parties. There are industry standards from which to start negotiations.

I provide the place to work and gather.

1. Choose the Right Market Location

Right now, Columbus is the market that I know. Therefore it is the right market for me.

2. Wholesaling

We need sources of good deals on properties.

A real estate agent cannot ethically or legally broker a deal with a large profit without work like with typical wholesaling. However, I can seek a good deal on a property to live in, which is what I intend to do to start out.

3. Real Estate Agent

I am an agent now with Signature Real Estate. That doesn’t stop others from working in this office.

4. Retailing

This includes renovating and selling great deals. (flipping)

5. Landlording

We can’t legally manage properties for pay without a broker, but you can get support in managing your own.

6. Lease-Option, Rent-to-Own

One of the more creative segments. It has its place. (Linden?)

7. Be the Bank, Invest

All deals need funding, and the guy with the money deserves to be paid. Non-performing loans coming soon.

Ready
to
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Olentangy Schools Re-Districting

At the link there is a pdf to the map of the new 2018-2019 boundaries as well as the zones that were moved.

http://www.olentangy.k12.oh.us/domain/50

Southern Delaware County has been growing rapidly for many years. Olentangy High School was opened in 1953, Liberty in 2003, and Orange in 2008. Olentangy Berlin, the fourth high school, is expected to be completed in the summer of 2018 and open for the 2018-2019 school year.

There has been much talk about the re-districting that will take place. That decision was finalized this March 2017 and the results directly from the Olentangy Local School District are available at the link above. It includes information about the elementary schools, middle schools and high schools.