Real Estate News
Where have I been and just how far behind am I on my pledge to have 100 posts for the 100 days of summer? Well, busy working with clients, of course. Also, I've had a little family time this month, ahead of today's start of school.
The Columbus Real Estate Market, however, waits for no man so I'm back, Baby. I've gotten quite a few contacts in the last couple weeks from people looking to cash in on the slow market. Here are a couple observations from where I sit:
- There are a ton of homes on the market
- Many of those homes are not new to the market
- More and More homes are being priced competitively - i.e. where they should be.
- Despite this slow seller's market, you still can't buy a home for pennies on the dollar. Unless the home is horribly priced ( and many still are ) you should expect to pay somewhere around 95-98% of the list price of a home for sale in the Columbus, Ohio market. Not 80%. Yes, it's slow, but don't start house hunting and expect to purchase a $320,000 home for $260,000.
- With a good Realtor, like myself for instance, you can find a great home that you'll fall in love with and pay a fair price for it. But you still can't dawdle - if you really like it, put an offer on it.
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