About Columbus' Village At Williams Creek

Just sold by Mickey DiPiero in under 90 days is the condo at 2912 Betsy Ross Rd Columbus OH 43207 in the Village at Williams Creek. This three bedroom, two full bath condo sold for $44,315 and closed at the end of June. This ranch style condo was a short sale located directly across from the centrally located green space for the community.

What is a short sale? A short sale is when a home owner owes more on the home than it is currently worth. The home is said to be underwater. The decline in the real estate market has created many short sale opportunities in the past few years. In a short sale, the home is marketed for sale and once an offer is made on the property the list agent takes the offer to the mortgage holder and negotiates with the lender to agree to take less the the actual mortgage amount. This is important because in Ohio a mortgage follows the property, not the person. So if you buy a property that has a remaining mortgage, you just bought the property and the debt.

Short sales can be long and uncertain processes with many potential pitfalls that can take up to six months to finish. Make sure you are working with an agent who knows the in and outs of the process. An agent trained in short sales will make all the difference. If you have questions about short sales or any other real estate opportunities please contact us today.