Calculating the True Value of Waterfront Property in Ohio Proximity to water is one of the largest influences on the value of a piece of property. Whether the property is located near a lake, river or ocean, buyers are willing to pay a lot more for it. A lot of people believe the value lies in the view, there’s actually much more to justify the higher price. Desirability Waterfront property tends to cost more because buyers place a value on this type of property. Look at it this way. If you’d pay $200,000 for a house with views of other houses and the street, what would you pay for the exact same house with a view of a serene lake, or of rushing rapids? Chances are you’d pay more, and that desirability factor is a big part of the higher price of waterfront property. Scarcity We all know that 70% of the Earth’s surface is water. Even though water isn’t scarce, waterfront land to build upon is. The basic principles of supply and demand dictate that prices go up for any desirable item
Can I Get A Mortgage for Lakefront Property in Ohio if I Have A Low Credit Score? As a home buyer, one of the things you may be worried about is your credit score. Maybe you have student loans you’re still paying off, or there’s a few missed payments in your history. Don’t lose hope however. If you have your eye on lakefront property in Ohio, you may still be approved for a mortgage, even if you credit score isn’t stellar. We have some insights for you to be able to determine whether you can get a mortgage. Paying Higher Interest Rates Interest rates have remained historically low, despite the volatility in the housing market. With a lower credit score, you can’t count on getting those low rates. The fact is, that mortgage interest rates vary with the buyer, depending on the risk. In other words, if your credit is damaged, you can still qualify for a loan, just at a higher interest rate. If you have your heart set on buying, then you have to decide whether a higher interest rate is so
5 Tips for Finding Ohio Property for Sale Buying a new property can be a daunting task. The sheer amount of Ohio property for sale is overwhelming, and you may not know where to begin. Our years of experience in real estate in Ohio have taught us the best tips and tricks to find the perfect property for our customers. Using our tips will help you do the same. Buyer’s Best Interests Naturally, you have your own best interests in mind when you’re looking to make a big purchase. Consider here whether the seller’s listing agent will also have your best interests in the transaction. Probably not. The dual agent representation scenario is the most common one in Ohio, however you can ask a different realtor to represent you exclusively. A buyer’s agent will look out for you, and the seller should have no objection because it won’t cost them anything. Beyond negotiating a transaction for you, a buyer’s agent can also help you locate and look at properties within your budget, if you haven’t be
What To Do If You Inherit Property In Indian Lake Ohio Inheriting property is not an easy process. You may think that it’s like winning the lottery, like getting a reward with little or no detriment, but the fact is that it’s not that simple. There are many challenges that you will face if you inherit property. However, should you inherit property in Indian Lake Ohio, you will also see benefits, such as the value of your home going up, because the area is a desirable lakefront, and people are always looking to buy near the water. Regardless, it can be tricky to navigate the emotions when you are inheriting property from a loved one you have lost. It is up to you to decide whether to accept or refuse this inheritance, and whether you want to use that property to live in or rent out or even sell. We have some insights to help you make those decisions. Is There A Will? Before anything else can happen, you need to determine whether there is a valid will. If there is one, then the probate
Invest in Vacation Property with Our Beautiful Indian Lake Cottages for Sale Indian Lake is a very popular vacation spot. People come from all over the country for its exceptional campground, boating and swimming facilities. If you’ve visited the area, then you’ve likely seen some Indian Lake cottages for sale. Now, we don’t normally think of vacation properties as investment opportunities, but they can be one of the best investments to make. Indian Lake cottages for sale can definitely be an investment to think about. Advantages
How to Run a Logan County Ohio Property Search When you’re looking to buy a house in Logan County, there are some standard searches that you should perform to locate available properties. A good Logan County Ohio property search should be able to find out fairly easily what’s on the market, whether there is a lien on the house you want, or if it’s up for foreclosure or other special circumstances relevant to making an offer to buy. It may seem that this information is difficult to find, but in reality it’s not.
You might think that selling waterfront property in Ohio would be a breeze. After all, who doesn’t want a waterfront home? However, it isn’t always an easy sale, no matter how beautiful the property might be. Knowing how to sell a waterfront property in Ohio can make all the difference between how long your property stays on the market and how quickly it sells. Following are some tips from our experienced real estate specialists to help you sell your waterfront property right here in central Ohio.