Frequently Asked Questions
Question about selling
Yes, a home can depreciate in value over time, but it often depends on several key factors. While real estate generally appreciates, market conditions, location, and property upkeep can all affect a home’s worth.
Home values may decline due to economic downturns, neighborhood decline, poor property maintenance, or environmental changes like flooding or nearby construction. Even outdated interiors or structural issues can lower a property’s appeal and price in a competitive market.
Older homes can offer just as much — and sometimes more — value than new builds, depending on your priorities. Many older properties are located in established neighborhoods with mature trees, unique architecture, and close-knit communities that new developments may lack.
Older homes often come with larger lot sizes, solid construction, and distinctive character you won’t find in modern homes. They can also be more affordable upfront, giving buyers room to renovate and add value over time.
Yes — in some cases, you can pay your property taxes and homeowners insurance directly, rather than through your mortgage lender. This is known as waiving escrow, and it’s usually an option if you have a strong credit score, a sizable down payment (often 20% or more), and lender approval.
Most lenders require an escrow account to collect monthly payments for taxes and insurance along with your mortgage. This ensures bills are paid on time and protects both you and the lender. However, some homeowners prefer to manage these payments themselves for more control.
Question about Buying and Investing
Buying a home to live in is based on personal needs — location, comfort, and lifestyle. Buying as an investment focuses on generating income or future resale value. Investors look at cash flow, ROI, and market trends, while homeowners prioritize livability.
Most buyers should plan for a down payment of 3% to 20%, depending on loan type and credit. Closing costs typically range from 2% to 5% of the home’s purchase price. It’s important to get pre-approved and work with your agent to understand the full cost breakdown.
Yes — Columbus and surrounding counties like Franklin and Delaware remain strong markets with consistent growth. Low inventory and competitive pricing make it a smart time for buyers and investors to secure value before prices rise further.
Look for areas with high rental demand, good schools, upcoming developments, and low vacancy rates. Proximity to public transport, shopping, and job centers are also key indicators of strong long-term value and tenant interest.
Yes, it’s possible with the right loan program. FHA, VA, and USDA loans are designed to help buyers with lower credit or smaller down payments. Josepher can connect you with trusted lenders who offer flexible options tailored to your financial situation.