If you’ve ever been looking to buy a home in Columbus or the surrounding area and relocate there, this is definitely the time to do it. Although the economy has been on an economic rollercoaster since March of 2020, purchasing real estate here is one of those infrequent opportunities that you might want to capitalize on. As of the end of the 2nd quarter of 2021, Columbus has found itself in the top 10 American cities for investing in real estate, thanks to the lower cost of housing. Thus, for those looking to invest in their dream home, the time is perfect.
Statistics Worth Noting
According to realtors, home sales rose 8% between January 2020 and January 2021 while the average selling price rose 15% from $183,782 to $211,050. Other factors that have contributed to this are Ohio’s lower real estate taxes and record low interest rates nationwide. Furthermore, Ohio does not impose taxes on inheritance, Social Security, or state estate earnings.
The Allure of an Ohio Lifestyle
If there is one universal truth about the Columbus area, it’s the fact that there are tons of fun and unique activities and things to do here. Whether you’re a fan of art, dancing, family-friendly activities, music, nightlife, and especially sports, we’ve got is all here in Columbus. James Mcbain of Liberty Capital Services quoted “You’ll quickly discover that sports are a huge deal in Ohio along with the arts and special events. Additionally, many famous bands and entertainers visit the city of Columbus as well.”
So What Demographics are Shopping For Homes?
We’re helping residents from Chicago and Detroit to secure home loans on a regular basis. However, when it comes to serving Ohio residents and their home-buying needs, 30% come from the Cleveland area while another 18% want to move here from Akron. In addition to this, first-time home buyers accounted for 31% of all real estate sales in 2020, 62% were married, 18% were single females, and single males accounted for 9% of Ohio’s real estate sales last year.
Home Buying in Columbus with Liberty Capital Services
As of January, 2021, indications are that the Ohio housing market is going to continue down this path with no signs of any let-up. Continually rising property sales coupled with positive price increases make this an excellent time to consider buying a home in the Columbus area. Liberty Capital Services wants to help make your dreams a reality with a home loan that is tailored to your financial needs.
For more information, contact us today at (614) 505-0620 or send us a message by clicking here. Our business representatives are here for your assistance and they will walk you through the whole process.