Some Thoughts About the Real Estate Market
by Jo-Anne LaBuda
I just read yet another article about the state of the current real estate market and oh, how I wish I had written it!
It did, however, spur some thoughts:
Don't believe everything you read in a newspaper or hear on television. Remember, even they call them "stories". How often do you read or see a "story" in a newspaper or on TV that isn't negative or sad news? There is a lot of good news, but it doesn't often get reported. So here is some good news about the Columbus real estate market.
- Interest rates have never been better! What a great time to invest in your first home or investment property! What a great time to purchase a larger home for your family! Or, if you are empty-nesters, what a great time to downsize or buy that dream home! It's also a wonderful time to refinance your current residence.
- There is a great inventory of wonderful homes for buyers to choose from!
- Homes are selling. Yes, they need to be conditioned well and priced to the market, but they are selling!
- Many of the mortgage companies and real estate agents that got into the market to make a "fast buck" are gone. Hurray for the consumer and hurray for us experienced and ethical Realtors who take our fiduciary responsibility to our clients seriously.
So if you are interested in being an investor, or want to purchase your first home or a bigger home or are ready to sell for whatever reason, contact your Realtor now. Or better yet, contact me! I promise to give you an honest opinion of your options whether it be best for you to go ahead now or make a plan to do it later. Then it's up to you.
It's a great time to be in real estate!
