Metro Columbus home buyers might be feeling uncertain about the market. On one hand, we have very low mortgage interest rates. On the other, there is economic uncertainty and a limited amount of affordable home inventory. Toss in an election year and a volatile stock market, and things could look a bit murky.
Essentially, buying a home is about owning the roof over your head! If you use an Exclusive Buyer’s Broker, and buy wisely, you should do well. Historically, home values tend to rise over time, especially for well-built, well-maintained homes located in desirable areas. Quality counts! With all this in mind, the right time to buy a home is whenever the timing is right for you and your financial situation.
If you need the reassurance of popular opinion, the June 2020 Home Purchase Sentiment Index published by Fannie Mae shows that 61% of Americans believe now is a good time to buy a home. Home buying sentiment dipped with the emergence of the pandemic, but it has been steadily rising for several weeks.
One concern among survey respondents is employment security. The majority, at about 74%, said they felt secure in their job. About 26% of respondents expressed concern about losing their job.
In Ohio, jobless claims have been slowing in recent weeks, and our employment situation has been better than the national average. Our local “home purchase sentiment” has been strong this summer, as evidenced by rising home prices and fewer days-on-market for Central Ohio homes.
Is now a good time for you to buy a Columbus area home? Let’s talk about it, and find out! As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.
Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services www.BuyersHome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax
