Posts from May 21st, 2025
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Why Waiting for 3% Rates to Come Back Around Could Cost You as a Homebuyer
There's a saying in real estate: "Date the rate, marry the house." But lately, some buyers aren't even swiping right unless the rate starts with a two.
A new Real Estate News survey reveals that 1 in 4 would-be buyers say they're sitting out until mortgage rates drop below 3%. Not 5%. Not even 4%. Three. The kind of rates economists are calling "very unlikely" in the foreseeable future.
Now, if you're a buyer who's actually in the market right now—or thinking about jumping in—it's easy to wonder if rates should be lower or whether waiting might be the smarter move.
But consider this: that 25% of would-be buyers sitting on the sidelines is what makes it a good time for you to ju...
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Planning Ahead: Why Estate Planning and Real Estate Go Hand in Hand
Thinking ahead about your property can save your loved ones months of stress. Here's why estate planning matters for real estate:
- Avoids Probate – A TOD deed or trust can help assets pass without court delays.
- Clarifies Intentions – Prevents family tension and miscommunication. (Page 7)
- Speeds Up the Sale – If heirs have clear authority, the home can hit the market faster.
- Reduces Costs – Planning ahead often saves thousands in legal and tax fees.
Want a practical place to start?
The Ultimate Guide to Handling an Estate offers insights into how to prepare today—so your loved ones aren't overwhelmed tomorrow.
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How to Divide the Sale Proceeds of a Probate Home Fairly
Selling a probate property is one thing—dividing the proceeds is another. It can test even the closest families.
To avoid conflict:
- Follow the Will or Court Instructions – If unclear, get legal help.
- Assign a Point Person – A single contact streamlines decisions. (Page 9)
- Discuss Repairs and Contributions – If someone paid for repairs, should they be reimbursed? (Page 14)
- Keep Emotions in Check – Emotional stress often masks as financial disagreement. (Page 11)
Download The Ultimate Guide to Handling an Estate for tools and tips to divide proceeds fairly—and keep peace in the family.
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Probate Pitfalls: Common Mistakes That Cost Heirs Thousands
Probate can be confusing, and small mistakes often lead to big financial losses. Here are the top errors I see—and how to avoid them:
- Letting the Home Sit Too Long – Vacant homes lose value and may draw attention for the wrong reasons. (Page 14)
- Skipping the Appraisal or CMA – This is critical for proper estate planning. (Page 5)
- DIY Listing – Probate sales require court paperwork and experience. (See page 6 regarding opportunistic agents)
- Ignoring Emotional Stress – It's more common than most expect. (Page 11)
Learn how to avoid these pitfalls and protect your family's legacy in The Ultimate Guide to Handling an Estate.
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Can You Sell a House Before Probate Is Complete in Ohio?
Short answer: It depends. Selling a home before probate is finalized in Ohio may be possible, but there are conditions.
What you need to know:
- Executor Appointment – The probate court must officially appoint an executor. (See page 9 for choosing a point person)
- Court Approval – Judges may allow listings in some cases, but approval must be clearly documented.
- Family Coordination – Make sure all heirs are informed. Poor communication often causes delays. (See page 7)
While you wait for formal approval, you can begin preparing the home for sale. Pages 14–15 of The Ultimate Guide to Handling an Estate explain what improvements are worth it.
For detailed next steps and example timelines, read the full guide here: