John Jacobus's (johnjacobus) Blog

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Real Estate Agent - RE/MAX Impact
RECENT BLOG POSTS
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Over the years I have helped dozens of people buy a nice little house that would make a great rental.  Their plan was to live there a few months or years and then buy a second house.  They would rent out the first one and live in the second one.    Some even purchased a third or even a fourth hom...
12/08/2008
Interest Rates have dropped to 5.5% on a 30 year fixed loan! The lowest since last February.  The P&I payment on $200,000 at 5.5% saves $128.56 per month compared to 6.5%. Or another way to look at this is your same payment now buys $20,000 more house! Or now is the time to buy... unless you are ...
12/03/2008
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I was watching the news the other night while some "know it all" pundits were lamblasting the big 3 auto makers about advertising while asking to borrow money from the government.   Now taking vacations and huge bonuses are way overboard, advertising is not.  Without advertising, the big 3 would ...
12/03/2008
Home sellers ask me whether they should make improvements to make the house more attractive to the market. It depends on how bad the item is that you want to improve.  If the item is really bad, then of course, but here is what you can expect to recoup when you sell. Bathroom  55.6%   Deck (compo...
12/03/2008
Desirable end unit condo in Westerville.  This 2 bedroom two and a half bath unit has 1008 square feet plus a finished basement.  Some updated include fresh paint, neutral carpet, new flooring in the entry way, kitchen and half bath.  The condo association fee is $125 per month.  Taxes for the ye...
12/01/2008
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Who is going to bail out our government (you & me) when they go broke bailing out everyone else?  China?  India?  Iran? Why can't our elected officials understand that GM, Ford and Chrysler have huge millstones around their necks?  Namely the   government and the unions.   I never understood the ...
12/01/2008
OPPORTUNITIES ABOUND in the real estate market.  If you lost a bunch of your retirement in the stock market and/or real estate decline, there is good news.  A lot of people are making more than they lost in just one or two transactions.  Does it take guts? Yes it does.  If we allow fear to make o...
11/24/2008
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  Who is going to bail out our government (you & me) when they go broke bailing out everyone else?  China?  India?  Iran? Why can't our elected officials understand that GM, Ford and Chrysler have huge millstones around their necks?  Namely the   government and the unions.   I never understood th...
11/19/2008
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CREATIVE MARKETING.  I just had a builder call me with his special for November... $20,000 bonus to the agent!  He said I could earn a $30,000 commission to sell one of their homes before the end of the year.  That's creative marketing? What agent would accept a $30,000 bonus? What agent would se...
11/14/2008
This is a beautifully restored home built in 1910 with 4 bedrooms, 2 full and 1 half baths, a 2 car detatched garage and 1777 square feet.  Taxes for 2007 were $1140.  There have been many updates including the kitchen, bathrooms, HVAC system, deck and flooring.  This home is located inthe Center...
11/14/2008
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