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.
This entry was posted
on Monday, August 27th, 2007 at 6:23 am and is filed under Real Estate News.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
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.
