Where has the summer gone?

 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.