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Columbus Ohio Real Estate Going Fast
Columbus Ohio like the rest of the country has experienced it’s share of economic decline in the real estate market. The amount of homes for sale in Columbus has been rising since the pop of the real estate bubble. This caused supply and demand to be out of wack and made real estate prices drop. Any time supply is greater than demand prices begin to fall.
Some blame the government for encouraging banks to make high risk loans. Others critisize local home builders who gave out low rate teaser loans. still others blame the buyers themselves for biting off more than they could swallow. Blame can be pointed in many different directions but most believe the reason for the decline in home prices was teaser rate mortgages and non-conforming loans that basically set people up for failure in their newly purchased home. No matter what caused homes to decrease in value we must look at the facts. Property values are much lower than they were about 5 years back. This is a bad time for sellers but an ideal time for buyers to pick up a great buy on a property.
New data is out and the market has begun to shift to the upside again. Economic advisors have been scouring recent real estate data and have seen an up tick in home prices over the past 7 months. The average number of days properties are sitting for sale has been decreasing. Economist predict home prices will increase as much as 11% in 2010. The number of available homes for sale and bank foreclosure inventories have been rapidly thinning out. Buyer beware no longer means take precaution when purchasing a home. Now it means beware of missing out on a perfect time to buy.
This is a buying opportunity that most will never see again in their lifetime.
What does this mean for Columbus Ohio real estate? What this means for home buyers is it’s time to get off the fence. There is clear data and clear indications that we have hit the bottom and have started to bounce back up. If you’re a buyer and you have been waiting on that perfect real estate opportunity then this is it. Columbus Real Estate is ripe for the picking.
The Timing Is Perfect
If you want the best real estate deal you are going to need access to real time data. The MLS searches you find online do not provide real time data on listings. At Search The Columbus MLS you have access to our V.I.P buyer program where you receive live data on all Central Ohio real estate. You will have access to all homes for sale including bank owned properties and foreclosures.
Here is the secret to getting the best buy. The really good buys are always sold in just a few days of listing. By having direct access you will find the homes first before other people and you will be able to secure the best buy. Over the past 16 years I have saved my clients a huge amount of money by using this exact service.
If you are a buyer in central Ohio and you want the best buy on a home then visit my links in this article where you will find the Free V.I.P. service and other resources to help you in your purchase.
Get more information on Columbus Ohio Real Estate here or visit Scott Marvin’s real estate blog here.
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