Is Now a Good Time to Sell Your House in Ohio?

The short answer is yes, at this moment in time the housing market is booming with higher home sales than even the pre-COVID-19 pandemic days. Sales of single-family homes, townhomes, condominiums and co op have risen to the highest level since 2006. With a sizable shift towards remote, homeowners are looking to upgrade their living spaces to accommodate for the time they’ll be spending at home for the foreseeable future. This trend looks to continue into 2021. In Ohio, the housing market has surged to a 16% increase year-after-year. Bucyrus, Crawford County, Columbus and other central Ohio areas are especially hot spots for those interested in buying or selling a home.

Houses on the market are selling at a super fast rate compared to years prior.

Now let’s move into the long answers to the question posed above. Unfortunately, higher home prices doesn’t just mean larger profits. It’s just not that simple. Here are a few factors that you’ll want to consider when selling your home:

Do people want to buy your home?

We already went over this but it’s worth reiterating. Homebuyer demand has surged in the past few months and there are no signs of a slowdown anytime soon. Mortgage rates have plummeted and with that comes more first time buyers who are ready and willing to see your house. You just have to make sure it’s for sale!

COVID-19: How safe is it to sell?

The pandemic has presented some new challenges when it comes to putting a house up on the market. as a seller, it means opening your house to strangers, including ones that may have been exposed to the virus. Enhanced cleaning protocols will be a must to maintain the health & safety of everyone who steps foot on the premises, which can take a lot of time and effort that you may not have. Luckily, you can offset these risks by being careful on who you let on the property. Try to only allow prospective buyers with pre-approved mortgages that way you can weed out who is serious about buying and those who just want a free stroll through a nice house.

Consult an expert if you’re unsure

Every market is different and if you’re still on the fence about whether or not selling your house is the right idea, talking to a local real estate agent before moving forward can help provide clarity. At ARK Realty, we strive to provide the areas of Bucyrus, Ashland, Mansfield and other clients from North Central Ohio the necessary tools they need to find their dream home. Our Bucyrus realtors have a team oriented mindset which allows us to work together to find the perfect home for our clients. Lasting relationships is also a cornerstone for us so we can go the extra mile for you.

With the housing market booming at unprecedentedrates, mortgagerates being at the lowest they have been in years and with central Ohio properties being on sale all over, there is nothing stopping you from selling your home for a profit this year and the next.

If you need help selling or marketing your home, contact ARK Realty by calling 419-617-7342 or visiting our website here!