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Real Estate Growth Rate and Making Money From Your Home Sale

Your home is an investment. Investment chart over home.

Real estate is an investment. Often a home is the largest investment a person makes and we have made more money buying and selling real estate than any other investment. We want to help you do the same. Be smart with your money! Be smart with the investment you make in a home!

When buying and selling real estate it is to your advantage that you work with both experienced Realtors and those who know the local real estate market. We have been in central Ohio over 45 years and know the area! It is to your advantage that you work with The Selling Columbus Team. Contact us today to get smart advice on buying or selling real estate. Our service is free for buyers! Let us help you find the home with the features you want and if you need to both sell and buy we offer discounts.

We Want You To Make A Lot Of Money - How It Works

  Picture of 344 Amber Wood Way, Lewis Center, OH  Picture of 1770 Pinecone Ct, Lewis Center, OH

Growth Rate

We want you to make a lot of $$$$$ when you sell your home!

That is really what growth rate is all about, and why we look at it in our neighborhood statistics. Growth rate is the percentage that a home went up in value.


It is better to love your home and make $50,000 when you sell, than to love your home and make $25,000.



Home Sale Example

Purchase price $198,275

It is August and Joe and Sue are looking for a home. They decide to have a new home built in a nice subdivision. The rates are great and they can get into it for very little money down, plus the monthly payment is very affordable. Joe and Sue buy a new home for $198,275.

Everything is going great with Joe and Sue. They love their home. They are glad they decided to have a new home built. Then in the summer, after living in their home for a couple of years, Joe gets a great job offer out of town. Joe and Sue decide he should take the job offer and they will move.


Up for sale

J oe and Sue meet with a Realtor and have their home put up for sale. The home has a few showings, but does not get any purchase offers. Taking the advice of their Realtor, Joe and Sue decide to lower the price. Now they will not make as much money as they had hoped, but Joe has to leave town for his new job. Lowering the price should bring in a few purchase offers.


No purchase offers

3 more months go by, there are a few more showings, but still the home sits without any purchase offers. Joe and Sue believe a new Realtor will make the difference. The home is put up for sale with a different Realtor. Joe and Sue list their home for sale, but now they are really anxious to sell, so they lower the price again. This will mean taking a loss, but it is worth it to get the home sold.


Sales price $178,000

Again more showings, but no purchase offers. 3 more months go by, Joe and Sue are really feeling desperate to get their home sold. They tell their Realtor they are willing to take whatever offer is made. Finally, after 241 days on the market, an offer comes in. Joe and Sue sell their home for $178,000.


Over $20,000 loss

This story, while made up for the example, happens repeatedly. The numbers are real and taken from a home sale in central Ohio. This particular home sale resulted in a loss of over $20,000.


Home Sale Comparison

Below are the statistics on the new homes used for this story. The statistics can be found at the Delaware County Auditor website. We compare the home from the story with a very similar new home, which from a financial standpoint, would have been a better purchase for Joe and Sue. The new homes compared below were built at the same time (same market period) and at a similar price.

344 Amber Wood Way

1770 Pinecone Ct

Days to Sell*

241

Days to Sell*

41

Purchase Price

$198,275

Purchase Price

$188,242

Sales Price

$178,000

Sales Price

$211,000

Loss

$20,275

Profit

$22,758


* Days to Sell was obtained from the Columbus Board of Realtors


Home Investment

Your home is an investment

Growth rate looks at your home as an investment:

  • How much money did you make when you sold your home?
  • How much did your home go up in value each year?

In our Neighborhood Stats Report we list the average growth rate on each home that sold. Average growth rate is the percentage that the home when up in value each year, on average. The home may have gone up in value 4% one year and 6% next. This would be an average growth rate of 5% per year.


Why is growth rate important?

Knowing a neighborhood's average growth rate can help in the following ways:
  • in determining the value of your home when it is time to sell
  • in determining the value of a home you are thinking of purchasing
  • in determining whether you should take a particular offer when you are selling your home.
  • in determining when you have 20% equity and should hire an Appraiser to get rid of costly mortgage insurance, if you have it on your mortgage.

Finding the Right Home for You

The Selling Columbus Team has been in thousands of homes throughout Columbus and central Ohio. We can help you find a home with the features you are looking for and one that is a good investment for your money. Combining our knowledge of central Ohio with detailed search parameters we locate the home for which you are looking. Contact us today and let's get started finding you a great home and a great investment!

 

Helping Buyers & Sellers  Go to top of page

Buyer's Agent

As a Buyer's agent we look out for your best interests in buying a home. We employ the latest tools to help with finding the home you are looking for and negotiate for you to get it at a price you are happy with.

Seller's Agent

As a Seller's agent we look out for your best interest in selling a home. We identify a target price for your home based on your local market. We assist with staging advice, market your home on more than 20 websites, and negotiate to get you the price you want.

The Buy & Sell Deal

We help with homes for sale in central Ohio and we also help with home purchases. If you need to both sell a home and buy a home, we can help with both and provide you a money saving discount!

Internet Marketing & Technology  Go to top of page

Marketing on Over 20 Internet Sites

We market your home for sale on over 20 internet sites including: Realtor.com, Google, Facebook, and Trulia.

Competitive Edge

We setup a custom website for our clients so they can see how homes in their neighborhood and the surrounding market area are selling, how they are priced, and when new competition comes on the market.

Pictures That Sell

Taking advantage of the latest in digital photography we capture images of your home that do it justice. Your home needs to look its best online so those looking to buy your home find it and find it looking good!

MLS Search  Go to top of page

The #1 Source

Multiple Listing Service (MLS) search is the number one source for available homes and condominiums for sale throughout Columbus and central Ohio. We have direct access to the Columbus Board of Realtors MLS and provide this information to our clients. With direct access there is no delay from the time a home is listed for sale to when we have access to the information.

Always Up To Date

Many other websites rely on obtaining MLS data feeds and can be days behind in making it available. If you are relying on these other websites to find a home then you can miss out should others find the home you want first.

Interactive Map Search

Search for Homes

Lori Swearingen, Team Leader
Coldwell Banker King Thompson
Realtor
Certified New Home Sales Professional
E-mail:
Mobile:(614) 595-5510

Greg Swearingen
Coldwell Banker King Thompson
Realtor
Marketing Specialist
E-mail:
Mobile: (614) 595-0468

Member:
CBR Ten Million Dollar Club
OAR President's Sales Club - 2017
OAR President's Sales Club - 2016
OAR President's Sales Club - 2014
OAR President's Sales Club - 2013
OAR President's Sales Club - 2008
OAR President's Sales Club - 2007
OAR President's Sales Club - 2006
OAR President's Sales Club - 2004
OAR President's Sales Club - 2003
OAR President's Sales Club - 2000
OAR President's Sales Club - 1999


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If you are planning to buy a home or sell a home, let the Selling Columbus team help you. The Selling Columbus team provides customized searching and email notifications when a home comes on the market. You do not have to wait a week for it to show up in a search engine. The Selling Columbus team also provides information on the latest condos in the downtown, Arena District, Short North, German Village, and Brewery District areas. We give you direct access to homes for sale and condos for sale directly from the Columbus Ohio Multiple Listings Services (MLS). Put the experience of the Selling Columbus team to work for you.


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