Homeownership, Don't wait till it's too late!

The homebuyer confidence is certainly growing here in Columbus Ohio. We are having more and more buyers coming off the fence. So much in fact that now we are starting to see multiple offers and bidding wars on most foreclosed and bank owned homes here in the Central Ohio real estate market. With the 2009 stimulous $8,000 tax credit being offered to first time home buyers, the creation of additional funds to pay your down payment from OHFA here in Columbus Ohio and our USDA (rural development) 100% financing, buyer's are certainly deciding to jump off the fence. But are they going to wait till it's too late? According to Columbus Ohio Association of Realtors president Gary Parsons, some buyers that are waiting for the "bottom" of the market, might be waiting too late. Home sales in Central Ohio for March 2009, rose 21% from February according to the latest statistics from the CBR. When you combine all of the factors around that are shifting our market, we certainly feel that Columbus Ohio is on its way to recovery and quickly. There were 1,360 homes sold in March of 2009 in the Columbus Ohio real estate market and the average price rose to $143,000. These are all signs of now is not only a good time to buy a home, its a great time to buy a home! If you have decent credit standings, a good job and a little bit of money saved up for a down payment and you live in the Columbus Ohio housing market, you should immediately contact a Realtor and ask them how you can take advantage of this great opportunity. We have been seeing clients gaining anywhere from 10-40% equity on a home in this market, which your a first time home buyer, that means that you will have made quite a bit of money off your home, once the market fully rebounds.