Certified Distressed Property Expert, Tony Thomas, of New Albany Realty in New Albany insists that foreclosure is not the answer to the current home ownership crisis looming throughout Franklin County.
Real Estate
Today's shifting economy has created some hardships and heartache within the real estate market, even in New Albany, Ohio. You may have heard the term "short sale" being used lately with regards to real estate.  Many are unfamiliar with what a short sale is. The "short" in short sale refers to a situation where the debt owed on a property is more than the current market value of the...
We all love our homes, and when it's on the market we wonder why the buyers don't love it as much. They should be lining up and walking through admiring every detail as you do, yes? There's a reason that some homes sell quickly while others languish on the market, sometimes never selling. There are a number of factors why your home hasn't sold - some are impacted by you and others are...
Your Dollar Goes Further in Columbus, Ohio An article caught my eye in a recent e-newsletter that I received from the National Association of Realtors. On October 10th, Forbes magazine published a list of 10 cities where residents get the most for their money. When I saw the headline I decided to read the entire article to see if by chance Columbus was listed. Surprise, surprise...it...
Google Street View is Available in New Albany, Ohio Want to feel like you're standing right in front of a house or street without actually going there? Then Google's latest mapping tool, Street View is for you! If you haven't tried this feature of Google Maps recently, you need to check it out. We love that potential buyers can get a feel for a surrounding neighborhood while they're looking at homes...
Tony and I returned from vacation on Sunday. On Monday, I tackled a mountain of mail being held by the post office. The item I was most interested in was the notice from Joe Testa's office (Franklin County Auditor) announcing the proposed valuation of our home for 2008. Yours was probably just like mine – it shows no increase in valuation from 2007. 2008 is the year for the triennial update of...
It Takes Location, Condition and Price to Sell a Home! Selling a home in today's market is challenging to say the least. In the past, you could overcome a less desirable location with a great price. You used to be able to overcome dated condition/décor with a great location and floor plan. And occasionally, a home in a great location and superior condition would sell for more than one might have...
You need to call Kate & Tony...
If you've been thinking about building a new home in New Albany, now is your chance! The New Albany Company is soon to announce the creation of the New Albany country club's newest community – Ackerly Park. Ackerly Park will be an extension of Upper Fenway with Ackerly Farm road extending north and meeting up with Market Street. The majority of the 27 lots will be priced between $150,000 and...
The procedure for obtaining a loan continues to tighten as the banks, investors, and HUD figure out how best to insure that jumbo mortgages are secure investments. The US Department of Housing and Urban Development (HUD) announced on April 1, 2008 that jumbo mortgages (loans exceeding the conforming loan limit of $417,000) may require 2 appraisals in order for a buyer to obtain a loan...