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How Radon Gas Enters A Home!
We’ve had reason in recent days to re-investigate the risks of radon gas to our health. We got a lot of help from Elizabeth James, radon maven. [Thanks, Liz!]
The news is not good!
Radon, you will remember, is a colorless, odorless, tasteless, radioactive gas—the product of decomposing uranium deep in the earth.
Radioactive?
That can’t be good.
You’re right, it’s not.
According to the U. S. EPA online radon is a very serious threat to our health.
Radon is the number one cause of lung cancer among non-smokers, according to EPA estimates. Overall, radon is the second leading cause of lung cancer. Radon is responsible for about 21,000 lung cancer deaths every year. About 2,900 of these deaths occur among people who have never smoked. [emphasis mine, ed.]
It’s everywhere. But, mostly, it’s in your house!
A silent, invisible, odorless, tasteless, radioactive killer gas is sneaking into my home to give me cancer? R-I-G-H-T!
Sounds like another eco-maniacal greenie off the deep end doesn’t it?
It’s not.
(BTW, our sincerest apology to all ecologically concerned individuals whom we may have just offended. We’re just trying to drive home a point here—not make a political statement. Really.)
And there’s more bad news.
You are at a greater risk of dangerous exposure to this killer stuff here in central Ohio than most other places!
Uh Oh!
This is serious business, and you need to find out more about the risk to you and your family and what you can do about it.
Do it because there are reasonable ways to reduce exposure. Do it because you want to be here for your grandchildren. (Okay, here’s the real reason. Simon says “Do it.”)
The EPA has a free booklet available on line that provide excellent general information. There is an additional free publication that addresses the special concerns of those considering buying or selling a home.
Possibly the best source of good information about radon in the central Ohio area is our new friend Elizabeth
How We Are Exposed To Radon Gas!
James at the Ohio Department of Health. (You were wondering when we were going to get back to her, didn’t you? Thanks for staying with us.)
Call Liz at 800-523-4439 and ask her some questions about this stuff. She’s an expert. Find out how serious this really is…and what you can do about it.
Go ahead call her…she’s really nice.
Tell her we said “Hi”.
You smokers with children. [You know who you are.] Stop smoking now and call Liz. Your risk is like 100 times worse! No kidding. Do it right now.
(This health safety blog story was reproduced from the “Buyershome Journal” blog – July 31, 2007)
Taxes
Franklin County has a great automated monthly prepay system for paying your real estate taxes that will pay you interest. The Franklin County Treasurer will pay the “average Joe” home owner the same interest rate that the Treasurer earns on its multi-million dollar portfolio. This is really a groundbreaking achievement for the Franklin County Treasurer’s office. The Treasurer sought and obtained a change in state law that allowed them to pay interest on monthly tax payments by home owners. Banks are still NOT allowed to pay interest on escrow accounts that collect property tax payments.
The interest rate that you can earn from the Treasurer’s office will be a better rate than most short-term bank accounts (checking, savings or money market accounts). For example, in 2007, the Treasurer’s interest rate fluctuated between 3.5% – 5.5%. Last year, I had a so called “high yield money market account” with an investment company that only earned between 1.75% – 2.25%. I think the Treasurer’s new monthly prepay system for real estate taxes that also pays interest is a first-rate service. Many homeowners in Franklin County are not even aware of this service.
A Franklin County home owner could possibly earn a couple hundred dollars a year. For example, a $265,000 home in Franklin County with yearly real estate taxes of $5,000 a year would have approximately earned $200 – $220 in an interest credit for 2007. The interest that you earn will be credited back against your real estate taxes, to LOWER your taxes! To get more info, you can visit the Franklin County Treasurer web site. The process is very simple and easy to set up. You just have to fill out one simple form.
If you are currently escrowing your real estate taxes with your lender then you will need to check with your lender to see if you are eligible to stop the escrow of real estate taxes. Most lenders will allow you to stop escrowing for real estate taxes if you have 20% – 30% equity. But, every bank has different policies and procedures, so before you do anything make sure you first check with your mortgage lender. You want to make sure you are eligible and there are no fees or costs involved to stop escrowing for your real estate taxes.
As of right now, Franklin County is the only local county in central Ohio that offers this great service. If you have questions, you can contact The Treasurer’s office for more information (614) 462-7515.
I think this is a wonderful service by our Treasurer’s office. A great benefit for being a home owner in Franklin County. You have the “worry free” convenience of automatic monthly payments of your real estate taxes that also pays you a great short term interest rate that you probably can’t get at any bank. And best of all, the Treasurer’s program is FREE. There is no fee or set up charge to join the program.
Shake Down!
Don’t let the “Tax Man” shake you down! Click here for other possible ways to reduce your property taxes and/or save some “greenbacks”!
After years of failed attempts, it finally looks like we will have some licensing regulations in place for Home Inspectors in the State of Ohio by 2009. House bill (HB) 257 recently passed the Ohio House of Representatives by a wide margin (83-11). The bill will be reviewed by the Ohio Senate later this year when the legislature reconvenes after the November 4th election.
With all the problems in the last few years in real estate, it would be “political suicide” for any political official (wink, wink Gov. Ted Strickland) not to pass some positive legislation. Legislation designed to regulate & license Ohio’s home inspection industry is long over due.
For too long, any “Joe Schmoe” could print up a business card on their home computer and start a home inspection business. Because of this reason, there are inexperienced, unqualified inspectors in our area. This is a problem for a potential home buyer. The problems we have had in the home inspection industry are really “small potatoes” compared to all the other major problems in real estate (lenders, fraud, greed, non-disclosure, foreclosures, etc.). But, this is a good thing. This means legislation will probably get passed in the State of Ohio.
The new Home Inspection Licensing will probably include the following provisions:
1. Criminal penalties for performing home inspections without a license.
2. Creation of a process for investigating complaints filed against inspectors.
3. Creation of the Ohio Home Inspection Board to regulate the industry.
4. Creating minimum standards and guidelines for performing inspections.
Hopefully our state legislature will have the home inspection bill passed soon. I am confident that home buyers in 2009 will have the protection of home inspection regulation and licensing.
Home Inspector
Check out my previous past about “Home Inspection Nightmares”. This blog post also has good links to find qualified home inspectors in your area via The American Society of Home Inspectors (ASHI) and National Association of Home Inspectors (NAHI)
Good luck out there!
Last week, The Homebuyer’s Advocate Blog was used as a reference for a good article in the Columbus Dispatch by Jim Woods – Moldy Home Cost Builder $3 Million.
Jim put out a thorough follow up article about the moldy Maronda house and resulting lawsuit that has been in the news for the past few months.
Our very popular blog post (over 500 views) in late February reported on the same Maronda issue – Maronda Home Verdict Cost Nearly $3.2 Million.
I especially liked the way Jim “touched” on the Reynoldsburg Building Department signing off the home.
The house passes all building code requirements, but yet the south side of the house was not attached to the foundation and was inadequately attached on the other three sides. This was hilarious and sad all at the same time.
I’m sure I wasn’t the only person reading this article and saying “hmmm, how does that happen?”
How new homes pass building inspections & get occupancy permits is a mystery to most consumers & home owners.
I think the Columbus Dispatch has the start of whole other investigative exposé
I’ve heard many stories from experienced home inspectors that talk about the same problems and issues with homes passing building inspections.
For example, a home can pass plumbing & electrical inspections but yet have water leaks and no 
working lights. There are two main reasons why these problems sometimes happen with building inspections. First, many building inspectors just check to make sure homes are built to the correct specs, materials, items, hardware, clearances, etc. As long as a home is built to the correct specs and material it could possibly pass a building inspection. The second main reason why bad homes pass building inspections is human error. This happens even in spite of pressurized plumbing checks and other tests on mechanical systems.
I think it is about time to stop beating a dead horse. It is time to move past the issues of some new home builders in Central Ohio, like Maronda and Dominion homes. (Another Builder Casualty) The last few years, their issues have been thoroughly documented in every type of media & press publication. If you are an informed home buyer in Central Ohio then this is all old news.
The key phrase above is “if you are an informed home buyer“. I’ve been an Exclusive (true) Buyer Broker since 1996. I only represent residential and investor buyers. I’m sorry to say that the definition of a truly informed home buyer varies greatly. In most situations, a home buyer will spend only a few minutes researching the home buying process on the Internet sandwiched in between their favorite TV shows, American Idol and Dancing with the Stars. In one short evening a potential home buyer thinks they have thoroughly researched everything they need to know about the home buying process.
The reason this occurs so frequently is because researching on how to find the best representation possible for a home buyer is not fun and feels too much like work. Home Buyers just want to look at beautiful pictures of fabulous homes.
The first and most important decision a home buyer needs to make is who will represent them, NOT which home they buy or what builder to use. An Exclusive Buyer Broker (EBA) is the highest and best representation possible for any home buyer. Would an EBA been able to protect the buyer that purchased the moldy Maronda home. Maybe, yes or no. There are no 100% guarantees in life. A true Buyer Broker (EBA) isn’t always going to be a “Knight in Shining Armor”. But, we are the best base or foundation of having a successful home buying transaction.
Forbes.com just released their top 10 “up and coming” tech cities in the USA. Columbus, Ohio was ranked as the #1 up and coming high 
technology city in the USA. I’m sure many people were surprised to see Columbus at the top of the list. Two major reasons why Columbus leads this list. Number one, Columbus is home to one of the largest universities in the world – The Ohio State University (Go Bucks!). Number two, Battelle Memorial Institute has been based in Columbus, Ohio since 1932. Battelle Memorial Institute is the state’s largest research center. This is great news for Central Ohio.
On Tuesday, February 19, 2008, a couple in Franklin County Court won a jury verdict against Maronda Homes for nearly 3.2 million dollars. The couple, Roman and Jennifer Cosner alleged that Maronda Homes knowingly sold them a defective home. The jury verdict in favor of the homeowners stated that Maronda Homes did sell a defective home and that Maronda was aware of that fact. Maronda acted in an “unfair, deceptive or unconscionable” manner.
Maronda has always had a reputation for building the biggest square footage home possible at the lowest price. No other local production home builder can even come close to the price and square footage of Maronda Homes. There is usually a reason why this happens. It is not really complicated. Home owners should stop being so naive. You buy the lowest priced “anything” and you are going to have problems. I don’t care if you buying a new home, a 
toilet seat or a widget. You get what you pay for!!!! Like many home builders, Maronda has had it’s fair share of unresolved consumer complaints.
In my opinion, this could be landmark case for new home builders. The jury ruling in this case has now set a precedent for all future, similar cases. I would be really curious to see how this affects the policies and procedures of other builders in our area. I bet many builders are now “scrambling” to figure out how to adjust their business practices to deal with this jury verdict.
I’m glad the home owner had won their court case. But, I guarantee you, that they probably didn’t use an Exclusive Buyer Agent to help them purchase their new built home. If they had the proper Buyer Broker representation looking out for their best interest then this problem probably would not have happened. As consumers we have to be accountable for our bad decisions or lack of…..
Stay tuned for future posts on this topic.
HomeBuyer Advocate Mike
Representing People, NOT Property!
Central Ohio’s largest home builder announced on Friday losses in the 4th quarter and for all of 2007. M/I homes is one 
of the nation’s largest home builders. M/I builds a quality a home and is a well managed company. But, even the best, well- run, new home builders were not immune to the recent real estate market crisis. M/I Homes has been in business for 30+ years and I’m sure they will be in business for another 30+ years.
It is still a great time to be a home buyer in the Columbus, Ohio area. But, in my opinion, the real estate market has now started to turn in Central Ohio. The market will gradually start shifting back to a normal market which is typically a Seller’s market. There are 3 to 4 reasons why the real estate market in Columbus, Ohio is finally starting to change. 
Reason number 1: Mortgage rates bottomed out at a few weeks ago at a low of 5.125% – 5.250%. We have seen the end to flat, low home prices and super low mortgage rates. Everything will start to rise (interest rates and house prices) from this point forward. I predict, in the next six to nine months will still see rates in the range of 6.00% – 6.75% and home prices just modestly increasing. As home buyers we can’t really complain, mortgage interest rates in the “6” range is still really good.
Reason 2: President Bush will sign the economic stimulus package in a few days. In financial terms, the 170 billion+ package will not actually do that much to improve the economy. But, it will help a little. The main benefit of the economic stimulus package is that the consumer confidence in the economy and our government will increase because we were able to get something accomplished, even though that “something” was very small.
Reason 3: My personal buyer activity has increased dramatically in the last 10 – 14 days. I’ve been receiving a lot of phone calls and emails from interested home buyers with questions and looking for help.
Reason 4: It’s all about supply & demand. The inventory in the last 9 months has continued to drop drastically. The end of last Summer we had 21,000+ listings on our multiple listing service(MLS) system. As of right now, we have a little more than 16,300 listings. Granted the drop in the listings is mainly due to the slow winter and holiday season. But, it is still a significant decrease. Even with the listings going down, we are still at insanely high inventory levels. The key months to watch inventory levels will be May, June & July. How these three months go will probably predict the rest of 2008.
This is my prediction on where we are headed in 2008 for the real estate market in Columbus, Ohio. Back in September of 2007 (about 5 months ago), I correctly forecasted in 2008 that we would see all mortgage programs with rates well under 6%. Review my 5.99% or Lower blog post. I did receive a few emails and phone calls from lenders that didn’t think I knew what I was talking about. These lenders didn’t think rates would go that low. I guess I got lucky on that forecast. Again, I could be wrong or I could be right on my latest prediction for 2008. I still think 2008 will be a great year for home buyers. But, the buyer’s market is sort of over. Good Luck!
Another builder is leaving the central Ohio market. Beazer announced on Friday, February 1st that they will stop building new homes in the Columbus, Ohio market. New home builders have really been affected by the real estate slow down. Beazer is the second major new home builder to pull out of our market in the last year. Last Summer, Centex homes stopped building in our area.
Last week, National City Bank announced that they will lay off 900 employees from their National City Mortgage division. National City has decided to shut down their wholesale mortgage department. The wholesale department was responsible for originating first and second mortgages with other mortgage brokers. National City will still originate 
mortgages to the consumers through their branch office networks.
National City Bank is the the state of Ohio’s largest bank. The layoffs can be directly tied to the problems in the sub-prime mortgage crisis. This is another example of Banks “circling the wagons” and tightening credit options. As an Exclusive Buyer Agent I am actually more concerned with the trend of banks restricting or tightening credit options then with the layoffs. Tightening credit options & layoffs are both terrible for our economy. But, in my opinion, the bank management decisions to tighten credit and make it harder for the consumer to obtain mortgages will be a lot more detrimental to our economy and recovery in the long run. Contact me if you have any questions or if you are looking for a lender.
My Buyer Broker Advocate! 
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