Pricing Strategies for Your Medina or Cuyahoga County Ohio Home

The goal of every Ohio homeowner is to achieve the best possible price for their home in Brunswick, Medina, Valley City, Hinckley and Strongsville. But it’s not just up to the home seller— the local real estate market conditions and mortgage rates play a big role in determining a sale price.

There is a science to pricing a home in Medina and Cuyahoga County and your real estate agent at BOLD Real Estate Consultants will help you find the right number based on the market in your community. As you prepare to sell your home, it’s important to remember that home prices are based on the following:

Your home value
When it comes to selling your Ohio home, there are often 3 types of prices. There is the number a homeowner would like to get for the property, the price a homebuyer would like to pay, and the price that will ultimately sell the home. The value of your home is taken into consideration, based on local sales prices. Remember that your home elsewhere would sell for an entirely different price.

The supply and demand of the market
With lower inventory, it’s likely that prices will rise and that’s just what you can expect to find in the local real estate market. Home sellers have the upper hand, but it’s always important to consult your real estate agent as this could change as inventory fluctuates.

Owner needs
Do you need to sell your home quickly? Contingencies placed on a home sale in Medina, Valley City, Columbia Station, North Royalton, Brunswick, Hinckley or Strongsville can affect the price. For instance, if you need to sell your home in 30 days, you may be willing to accept a lower sales price. On the other hand, if you want to have a certain amount to put toward your next home, your agent will need to look at similar homes in the area. If homes are not selling for the particular amount you’d like, you will need to compromise.

Now is an exciting time to sell your home in Medina and Cuyahoga County. With limited inventory and a number of motivated buyers, in addition to rising housing prices, your home sale could ultimately be just as successful as you hoped it would be.

Contact us today to discuss how to get started and chat about your home’s value!

Sajag Patel
BOLD Real Estate Consultants

Contact Us
Visit Our Website
Search Our Properties

Tags: , , , , , , , , , , , , , ,

Leave a Reply

You must be logged in to post a comment.