Columbus Ohio Real Estate Listings

Columbus Ohio Real Estate has been through some trying times since 2005. The housing market has been devastating to most property owners and has delivered considerable losses for many sellers. Newer owners of homes who suffer from negative equity have have met face to face with financial chaos and have lost their homes due to foreclosure. As a real estate agent in this economy I have experienced some horrible situations where home owners really had no other choice but to let their home go into foreclosure. Many folks are able to do a short sale in these bad times but there are others that the bank just doesn't care about. If you are not accustomed to dealing with banks then you don't understand the ugly side of lenders. They pride themselves on customer service when they are taking your money but when they are on the losing end the fangs come out. There have been many situations where the bank could have done a short sale and saved a homeowners credit and instead the banks foreclosed and over a few thousand dollars. When it comes to money or the loss of money the banks could care less if they demolish someone's financial situation along the way.

It's about time for some better news. Better news is already starting to bud out and it looks like we are in the midst of a reversal in the Columbus housing market. Homes sales around Columbus are beginning to see small increases in home vales. Per the Columbus Board of Realtors home sales for the last quarter of 2009 were up by 24.3%. There is solid proof that home values are increasing and the number of houses closing is also going up. Dave Liniger co-founder of R/EMAX International wrote in a recent article that we will experince increases in property values over the next 3 years. While this will be a bumpy ride with lots of ups and downs the general shift will be in the up direction.

Columbus Ohio real estate is in quite a different position. Fortunately during the big real estate boom years Columbus OH properties did not see the gianormous increases that much of the country experienced. Columbus has always had steady increases in value. Columbus real estate values did not double in price like some places in California and Florida. When the real estate bubble burst Columbus saw it's share of price decreases but it didn't have the same fall off that other areas had. What this means is we have a more conservative market here in Ohio. With that being said combined with recent conditions this really is an excellent time for buyers in the Columbus Ohio real estate market.

If you're a buyer and your not buying now then you must be stupid or out of cash. Lenders have tightened reins on lending. If you don't have some cash for down payment and a good credit rating then getting a loan will be a daunting task. On a good note lending rates are some of the lowest in history. Low rates combined with low real estate prices combined with and increase in home values equals you better buy now or you're going to miss the best buying opportunity you may see in your life time. If your credit is bad you had better repair it fast and if you don't have any money you had better find some and in a hurry. There are lots of tax incentives encouraging you to buy a home. Not only do you get a huge tax write off but our current government is giving away money in form of a tax credit to encourage you to buy.

Columbus Ohio Real Estate is positioned in an almost perfect buying market. This is great news for would be buyers and it also shines a light at the end of the tunnel for sellers. The outlook is encouraging and even through all the housing turmoil I am proud to say I have been able to help lot's of buyers and sellers reach their real estate goals.


For more details and graphs visit Columbus Ohio Homes for Sale or visit the Search The Columbus Ohio MLS.