Columbus Ohio Real Estate Time Running Out For Buyers

Columbus Ohio Real Estate Time Running Out For Buyers

Columbus Ohio real estate has suffered a decline in real estate just like the entire country. The number of homes for sale in Columbus has been on the increase since the real estate "bubble" burst in 2005. This caused supply and demand to be out of wack and made real estate prices drop. When supply is higher than demand what follows is always a drop in prices.
Some point the finger at the government for encouraging banks to hand out risky loans. Others blame local builders who offered low teaser rates. still others blame the buyers for biting off more than they could chew. Blame can be pointed in many different directions but most blame the cause of the decline in home prices was teaser rate mortgages and non-conforming loans that basically set buyers up for a difficult financial situation in their new home. Regardless of who or what caused properties to decline we need to look at the facts. Home prices are much lower than they were 5 years ago. This is not good news for sellers but could be the perfect time for buyers to make their move.

New data is out and the market has begun to shift to the upside again. Economist have been watching housing data and have determined that we have experienced an up -tick in home prices during the last 7 months. The number of days homes are staying on the market has been decreasing. Some economist believe property values will go up as high as 11% in 2010. Home inventories have been quickly running out of supply. The day of the good deal is nearing an end. Buyer beware used to mean buyer take caution when buying a home but now it means beware of waiting too long or you will miss this chance of a life time.

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 substantial 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 are looking for the best price on a home then you will need real time information. The MLS searches you find online do not give you real time data and up-to-date info on property listings. At Search The Columbus MLS you have access to our V.I.P buyer program where you obtain real time data on all central Ohio homes. You will have access to all homes for sale including bank owned properties and foreclosures.

This is the key to finding the best buy. The best deals are always sold within a few days from listing. When you have direct access you will find the homes first before other people and be able to take advantage of the best buy. My clients have saved thousands of dollars on their home purchase using this exact system.

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.