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Market Conditions in Columbus : Real Estate Advice

  • All195
  • Local Info29
  • Home Buying40
  • Home Selling10
  • Market Conditions3

Activity 4
Thu Nov 6, 2014
Libby Massiah answered:
I really see them as the same market, just different "neighborhoods."
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Wed May 7, 2014
dtaylor1222 asked:
This question was asked from http://www.trulia.com/rental/3154800283-2501-Heard-St-Columbus-GA-31906
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Tue Dec 24, 2013
Howard Jefferson answered:
It should rent in the range of $500 to $600 depending on the condition.
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Tue Nov 13, 2012
Theresa Daniels answered:
Current market is still decent for that zip code, if your home is in outstanding condition and you are not 'under water' with your mortgage. Under water would be if you still owe more than what the house is worth in today's market.

That may be the case if when you purchased the house, you added the funding fee to your mortgage amount, have never paid anything additional towards the principal or refinanced the loan. It also depends on how long you have had the mortage. In the first five or so years, the majority of your mortgage payment is going towards interest not the principal of the loan.

The purchaser would still have to qualify for a mortgage with the lender. Another thing to watch out for is the fact that interest rates have dropped considerably. If your rate is higher than the current interest rates, there would be no incentive for the buyer to do that.
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Market Conditions in Columbus Zip Codes

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