Columbus Ohio Real Estate Hurry Up Buyers Before It's Too Late

By: Scott Marvin Click author's name for more of his/her articles

Columbus Ohio has seen it's portion of economic downturn in real estate just like other major cities in the US. The quantity of properties on the market in Columbus has been rising since the real estate “bubble” burst in 2005. This created a supply and demand problem where there were many homes for sale and fewer buyers to purchase. 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 high risk mortgages. Others critisize local builders who offered low rate teaser loans. still others blame the buyers for taking on more than they could handle. We can blame lot's of people and lot's of organizations but most blame the cause of the housing slump was teaser rate mortgages and and loans that didn't conform to standard lending practices that basically set buyers up for failure in their newly purchased home. Regardless of who or what started properties to decrease in value we need to look at the current situation. Home prices are very low compared to where they were about 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 properties are sitting for sale 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.

What we clearly hold in our hands is an opportunity that will not likely be seen again in our lifetime.

Where is Columbus Ohio real estate headed? What this means for buyers is it’s a ideal time to get moving. There is clear data and new 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. Internet based MLS searches 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 live data on all central Ohio homes. 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 deals are almost always sold within a few days from listing. By having direct access you will get to the homes before other people and be able to secure the best buy. My clients have saved thousands of dollars on their home purchase using this exact system.

Attention buyers! Visit the links in this article where you will find the Free VIP service and other helpful real estate informtion.