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Get off the Fence Columbus Real Estate Buyers, some Markets are HOT!

Columbus real estate is hot! Don't sit on the fence!I have two clients looking for their first home in Clintonville.  I like the clients very much, we’re having fun looking and they’re finding homes they like in their under $200,000 price range.

The trouble is, they keep going in contract either just before our second showing or as we’re ready to write an offer.  The same thing happened yesterday with a couple who were trying to decide on two very different homes in the Westerville area on opposite sides of Hoover Reservoir. Don’t buy the doom and gloom you hear about and read every day.  It’s not our Columbus Real Estate Market the Associated Press is writing about and NPR is reporting about.

Though, yes, things are slow in the Short North, in Downtown Columbus and other urban neighborhoods.  Back to the nice buyers in Clintonville…..Yesterday, one of the buyers’ parents were in town for the Memorial Tournament and we had a plan to schedule the top four homes for 2nd showings.

The plan fell apart quickly. One home was already in contract.  No problem, that was the long-shot home anyway.  Another home had an offer on it and the seller had to respond by 9pm.  Our showing was around 6 so if that turned out to be the one, the buyers could still throw their hat in the ring.  Another home the two buyers had seen Sunday at an open house was ‘probably’ in contract, so I was told.  I call the listing agent and she calls back later, yes, the home had just gone into contract and the sellers couldn’t bear any more showings since they had so many. (it’d been on the market 10 days) 

House number four was the buyers’ favorite anyway.  Even the 2nd time around.  In fact, it was better than we all remembered.  The parents liked it too.  Buyers were going to sleep on it, we were going to look at the property disclosures and we were going to make an offer on it the next day.  Mid afternoon the Seller’s group of agents calls and informs me the house is in contract as of before we even had our 2nd showing.  We never had a chance. 

While it could be argued that the Seller’s Realtors should have known there was going to be a 2nd showing at some point during negotiations with the actual buyer and they could have used that to help the seller’s bottom line and to motivate my clients to write an offer, the story here is that people are buying homes for sale in Clintonville, Westerville and other Columbus Neighborhoods. 

Luckily, there’s still a lot on the market and more coming all the time.  Want to get yourself a home  Call Me or Email Me and we’ll get the ball rolling.

 

5 Responses to “Get off the Fence Columbus Real Estate Buyers, some Markets are HOT!”

  1. Totally seeing the same thing, Joe. Buyers are buying like crazy - if anything, all the talk of foreclosures is getting more people out there.

  2. [...] for their first home in Clintonville. I like the clients very much, we??re having fun looking andhttp://www.columbushomesblog.com/2008/05/30/get-off-the-fence-columbus-real-estate-buyers-some-marke…JVC Jazz Festival New York Debuts at the Concert Hall at the New York Society for Ethical Culture [...]

  3. 10960
    Norm

    Joe — Grandview is also a very tight market right now. Anything fairly priced (especially updated homes) seems to go into contract within days of being listed, at very close to the listing price.

    On a somewhat related topic, what are your thoughts on the impact of the Grandview Yard development?

  4. No matter how bad a market may be homes that are priced well still sell and quickly. Buyers need to realize this fact. Even if a home has been on the market for a year it still only takes one buyer to like it and the one who is still thinking it over has lost out.

  5. Love the blog. Motivational!

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