This is an absolutly gorgeous four bedroom home with three full baths and two half baths, located in south-east Marion county. Currently owned by a relocation company that is offering to pay a full year of Home Owner’s Association dues equalling $1320.
Built in 1981 on a corner lot in Collinswood subdivision. Home features finished basement, recently re-finished wood floors, new windows and new roof. This home must be seen to believe the value of the new price of $234,900. Seller is also offering to pay $2,500 of buyer’s closing costs.
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Living Rm:
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M |
15, 5 x 17, 5 |
Bedroom 1:
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U |
18 x 15′ 6 |
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Family Rm:
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M |
11 ‘2 x 16 |
Bedroom 2:
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U |
13 x18 |
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Dining Rm:
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M |
13 x 13 |
Bedroom 3:
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U |
13′ x 10′ 5 |
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Kitchen:
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M |
11 x 23 |
Bedroom 4:
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U |
12 x 10 |
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Laundry Rm:
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M |
6 x 9 |
Den |
M |
11 x 10 |
JUST ANNOUNCED
Cruise In/Car Show all proceeds go to the purchase a new roof for Marion’s Safety City
May 17th 1-5 in Parking Lot of Marion Moose Lodge 347 N. Main St. Marion, Ohio
Event is sponsored by Country Toyz Car Club
If you have questions, would like to make a donation or volunteer some time let me know.
I forgot that my post about the seminar this evening got flushed down the tubes during the ‘update fiasco’. Though it is nearly too late I will give the details anyway.
In an effort to stimulate local home sales, Real Estate Showcase, RES is hosting a FREE buyer/seller seminar on Thursday April 16th at the Marion Area Chamber of Commerce. There are multiple speakers scheduled to attend with a variety of lending, home inspection and title topics. There will be plenty of information and time for questions to be answered. We would love to see you there!
Often buyers and sellers get confused about fees associated with buying/selling a home, who is responsible for paying them and just what you are receiving in return. For my examples I will use $100,000 because it is a nice round number.
Sellers are required to pay a conveyance fee, a tax to the county in which the property is sold, that is based upon the sales price of the home. In Marion the conveyance fee is $2 per thousand, $2.00 x $100,000=$2,000
Preparation of a warranty deed which a type of deed where the seller guarantees that they hold clear title to a piece of real estate and has a right to sell it to the buyer. The guarantee is not limited to the time the grantor owned the property—it extends back to the property’s origins. The preparation of a warranty deed typically costs $50
Pro-rated taxes to the date of the closing, the buyer must pay the taxes for the duration in which they own the property while the seller gets a credit for the taxes they have paid in advance.
The seller of the property is responsible for any commissions paid, in the Marion area commissions are usually 2.5%-3% (of the sales price) per agent. If the buyer and seller are each represented in the transaction the commisions are expected to be 5%-6% of the sales price. 5%x100,000=$5,000
The title agency has their own fees that are assessed to the seller for the work that they do such as a title search, binder fee, and title insurance. These fees are estimated at $5.75 per 1000 plus $100 binder. The binder is a term used for the time in which the signatures are collected and the paperwork is filed with the auditor, recorder and engineer. $5.75 x$100,000=$575+$100=$675
Seller paid inspections are also a must to protect the seller, these prove that certain systems are in good working order befroe the buyer took ownership. These inpsections customarily come with a warranty of up to 90 days for the new owner. These inspections will vary by property depending on the location and if they have a gas line, well or septic on the property. At most the fees are as follows. Gas Inspection $65 Well Inspection $100 Septic Inspection $100 Pest/Termite Inspection $60 TOTAL $325
This is a basic run-down of the fees assocaited with selling a home, some are obviously more or less and may just not apply to your situation. Some lenders and lending programs also require the seller to pay mandated fees, the only way to know if this applys is to talk with the agent representing the buyer.
Here are some tips to help determine which house is best for you.
Once you’ve settled on a couple of neighborhoods for your search, it’s time to pick out a few homes to view. Your wish list can remind you which features are absolute requirements and which amenities you’d like to have if possible. When narrowing down your home search, consider:
Types of homes
In addition to single family homes (one home per lot), there are other forms of home ownership:
Multifamily homes: Some buyers, particularly first-timers, start with multiple family dwellings, so they’ll have rental income to help with their costs. Many mortgage plans, including VA and FHA loans, can be used for buildings with up to four units, if the buyer intends to occupy one of them.
Condominiums: With a condo, you own “from the plaster in” just as you would a single house. You also own a certain percentage of the “common elements” — staircases, sidewalks, roofs and the like. Monthly charges pay your share of taxes and insurance on those elements, as well as repairs and maintenance. A homeowners association administers the development.
Most buyers’ first consideration, after neighborhoods are chosen, is the number of bedrooms. As you begin to view homes, keep the following purchase and resale considerations in mind:
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Weigh your needs, budget and personal tastes in deciding whether you want a home that’s a newly constructed home, an older home or a home that requires some work — a “fixer-upper.”
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One-bedroom condos are more difficult to resell than two-bedroom ones.
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Two-bedroom/one-bath single houses generally have less appeal than houses with three or more bedrooms, and therefore less appreciation potential.
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Homes with “curb appeal” (a well-maintained, attractive, and charming view-from-the-street appearance) are the easiest to resell.
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When resale is a possibility, don’t buy the most expensive house on the street, or anything that is unusual or unique. The best investment potential is traditionally found in a less expensive, more moderately sized home on the street.
Home comparison chart
While house-hunting, it’s a good idea to make notes about what you see because viewing several houses at a time can be confusing. Use our home comparison chart to help you keep track of your search, organize your thoughts and record your impressions.
When you’ve found the right home
Before you begin the home buying process, resolve to act promptly when you find the right house. Every REALTOR® has stories to tell about a couple who looked far and wide for their dream home, finally found it, and then revealed that “we always promised my Dad we’d sleep on it, so we’ll make an offer tomorrow.” Many times the story has a sad ending — someone else came in that evening with an offer that was accepted.
Resolve at this point that you will act decisively when you find the house that’s clearly right for you. This is particularly important after a long search or if the house is newly listed and/or under-priced.
