Welcome to your daily briefing on real estate developments in Ohio. Today we're covering 9 key stories including updates on ohio real estate headlines, ohio real estate updates, background & context. Let's dive in.
Listen to today's briefing(4:51 min)
4 stories
The Building Department is responsible for issuing building permits for 1-, 2- and 3-family residential structures and associated development. The State of Ohio issues commercial building permits.For Franklin County Building Code, refer….
Relevant to real estate professionals operating in OH.
Most real estate agents charge 5-6% of the home's sale price, typically split between the buyer's and seller's agents, with commission structures being negotiable.
Columbus-area professionals can benchmark their own commission practices against prevailing local norms while staying competitive in Ohio's market.
A new breakdown reveals what sellers pay in real estate commission when selling a home in Ohio, plus strategies to reduce costs.
Understanding current commission benchmarks helps Ohio agents set competitive expectations and articulate value to seller clients.
Building permits in Franklin County are issued 7 to 10 days after full plan approval for properties with public water and sewer access.
Real estate professionals in OH can set accurate client expectations on project timelines and flag potential delays for properties lacking public utilities.
Reach real estate professionals in this market
2 stories
The City of Columbus explains how building permits authorize contractors or homeowners to begin construction work after submitting applications and required plans for approval.
Real estate professionals in OH need to understand permit timelines and requirements to properly advise clients on project feasibility, closing schedules, and property improvement viability.
The Franklin County website consolidates access to property taxes, parcel search, real estate filings, and records search across multiple county offices.
OH real estate professionals can streamline due diligence and client transactions by using this centralized portal for official county property data.
3 stories
In tight markets, sellers compress diligence windows from 30 days to 7-10. The items that survive a compressed window are the ones with hard external dependencies — title work, survey, environmental Phase I — because they cannot be parallelized further. Inspections and financing contingencies tend to get squeezed first.
Buyers who try to do the same diligence in 1/3 the time produce lower-quality findings and end up with surprises at closing. Knowing what cannot be compressed is the difference between a clean close and a re-trade.
Beyond the standard CC&Rs, four documents predict future assessment risk: the reserve study (is the association underfunded?), the most recent two annual budgets, the delinquency report (what % of owners are behind?), and any pending litigation. A reserve-study funding ratio below 30% is a yellow flag; below 10% is red.
Special assessments in underfunded associations routinely run $10K-$50K per unit and arrive with little notice. The reserve study is a legally required disclosure in most states — but most buyers never ask for it.
A 1031 like-kind exchange has three hard clocks: the 45-day identification window, the 180-day close window, and the same-taxpayer rule (the entity selling and buying must match). Missing any one of these collapses the deferral, exposing the full gain to tax. The most-missed is the same-taxpayer rule when LLCs change membership mid-exchange.
The tax exposure on a busted exchange is the full long-term capital gain plus depreciation recapture — often 25-30% of the basis difference. Process discipline is the only protection.
Get Ohio real estate intelligence delivered to your inbox every morning.
Subscribe FreeView all past issues
Feature your brand across the U.S., Canada, and select international markets and 10 industry verticals.
Become a National Partner