Although this is a very broad question and can be answered in several ways. Commonly those who are thinking about selling want to know whether it a good time to do so, and why or why not? Many micro and macro-economic factors play a role in our home real estate market. Uncontrollable economic market factors including unemployment rates, mortgage interest rates, and competition from other homes for sale in your area affect the sale of your home. Currently, supply and demand is significant nationally and locally here in the Cincinnati, Ohio area, where we find buyer demand is outpacing home inventory or home supply. Thus, we have a fundamental economic model of demand-pull home price inflation increasing average sale price and creating a “Seller’s Market” where home sellers enjoy a premium upon sale. In summary, it is an outstanding time to sell! Don’t go it alone, get with a good Realtor to help you sort through the numerous other factors such as price, terms, condition, home size, amenities, and Location, Location, Location that affect the market value and sale of your home.
Posted in: Sellers