How To Take Advantage Of A Seller’s Market In Cincinnati

The success of selling your house depends on the current market. In this article, you’ll read about how to take advantage of a seller’s market in Cincinnati for home selling…

First, let’s make sure we understand our terms and a little about economics. In a buyer’s market, there are many sellers and not many buyers. In a seller’s market, it’s the opposite – many buyers and not as many sellers. If you’re a seller in a seller’s market, you have the advantage already of having a scarce commodity that buyers want.

For the past two years, Cincinnati and Northern Kentucky have seen solid growth in real estate prices. Cities all over the tri-state such as Anderson Township, Madeira, Mason, Fort Thomas and Union KY have seen great appreciation.

But just because you’re a seller in a seller’s market doesn’t mean you should just let the buyers dictate the terms. You have the advantage and you can still come out ahead.

Here’s how to take advantage of a seller’s market in Cincinati for home selling…

How To Take Advantage Of A Seller’s Market In Cincinati For Home Selling

Advantage #1 You Can Ask A Higher Price

Following the simple rule of supply and demand, you can ask a higher price (and often get it) because buyers don’t have as many choices available to them. This is fairly intuitive, but the first way to take advantage of the seller’s market is to simply ask for more money. Be sure you are working with a competent real estate agent who can give you good guidance on pricing your home. You don’t want to price too high when a market is shifting.

Advantage #2 Ask For Or Remove Conditions

Price is just one component of selling a house. Another component is the conditions that are also placed on the sale – including an inspection, a site survey, repairs, or appliances that will remain in place. But these are what the buyer might ask for. As a seller, you can ask for certain conditions, too. For example, why not ask to just leave the house in as-is condition for the buyer to clean up?

Advantage #3 Generate Multiple Offers

When you only have one offer, you sometimes feel forced to take it. But when you’re presented with multiple offers from multiple buyers, you can get picky, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then go through each offer at your leisure to determine which one is right for you.

Summary

And that’s how to take advantage of a seller’s market in Cincinati for home selling! If you’re selling your house in Cincinati or Northern Kentucky during a seller’s market, use these tips to take advantage of the situation and enjoy a higher return, the addition or removal of conditions, and multiple offers to choose from.