Posts Tagged ‘school levy’

Will the school levy effect the sale of our house?

Thursday, November 5th, 2009

We are still trying to sell my parent’s house so my husband and I can go buy our own first home.  Hopefully before the first time home buyer tax credit expires.

Since we listed the home for sale, we seemed to hit a dry period with no potential buyers and no showings. We had a lot of issues here in Grove City Ohio with the Southwestern school levy not passing.  It caused a lot of problems in the community and practically devalued our schools overnight.  Well, we voted again and the levy passed.  On one hand, I don’t want to pay more taxes, but on the other hand… it was a nightmare for the real estate market in Grove City.  I have heard from a Mortgage Broker, a Mortgage Lender from 5th 3rd bank, and my Realtor that the levy failing the first time had a big impact on home sales.  Now that it passed the second time around, I am really hoping to see more buyers.  Grove City has always been well known for having good schools and good neighborhoods.  When the levy failed, we no longer had student bussing or extra curricular activities.  All should be good now though.