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 on the market in Columbus has been going up since the pop of the real estate bubble. 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 blame the government for forcing lenders to hand out risky loans. Others critisize local home builders who offered low teaser rates. Some blame the buyers for taking on more than they could swallow. We can blame lot’s of people and lot’s of organizations but most blame the cause of the decline in home prices was teaser rate mortgages and and loans that didn’t conform to standard lending practices that set buyers up for failure in their newly purchased home. Regardless of who or what caused homes to decline we need to look at the current situation. Property values are very low compared to where they were 5 years back. This is not good news for sellers but could be the perfect time for buyers to make their move.

We have new market data showing us a possible increase in home prices. 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 average number of days properties are staying for sale has been steadily decreasing. Economist predict home prices will increase as much 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 no longer means take precaution when purchasing a home. Now it means beware of missing out on a perfect time to buy.

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 it means for buyers is it’s time to get off the fence. There is substantial data and clear evidence that we have reached the bottom and are in the process of rebounding. Buyer’s who have been waiting for the best time to buy have now found it in the current real estate market. Columbus Real Estate will probably not see a better time to buy.

Now Is The Time

If you want the best real estate deal you are going to need access to real time data. Internet based MLS searches do not provide real time data on listings. At Search The Columbus MLS you get the ability to be part of my V.I.P. buyer system where you be given live data on all Central Ohio real estate. This will include all bank owned properties, short sales, HUD homes and all other types of sales.

This is the key to finding the best buy. The really good buys are always off the market in just 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. Over the past 16 years I have saved my clients a huge amount of money by using this exact service.

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