For many homeowners in Medina County this year, selling may not seem like the best option. In fact, those low interest rates homeowners secured in past years are a major factor in their decision to stay put. However, inventory is low in local communities like Medina, Valley City, Columbia Station, North Royalton, Brunswick, Hinckley and Strongsville and selling now could provide you the opportunity to get your home in front of a wealth of motivated buyers.
You may have snagged a rate as low as 3.3 percent back in 2012, a common scenario according to Realtor Magazine, but don’t let that be your only reason for shying away from selling. To calm your fears of selling your home in Brunswick, Hinckley, Medina or Strongsville this year, as well as help you feel more comfortable with today’s interest rates, here are just a few more reasons to make a move to a new Ohio property.
Rates are not as high as you think
If interest rates are what is holding you back from selling your Ohio home, know that today’s rates are still hovering around historically low levels. “Buyers still have it pretty good,” Realtor Magazine advises. “The practical effect between [interest rates of ] 3.5 percent and 6 percent may not be as extreme as it sounds.”
Rates will only increase over time
Interest rates are indeed higher than they were two years ago, but waiting around to sell your Medina County home is likely not the best choice. Interest rates, while still pegged as low in the current real estate market, are expected to continue their climb and will be considerably higher a year from now. If you will need to upgrade to a bigger or better home in the coming months or in the future, it may make sense to buy now while the rates are favorable.
Now is the time
For homeowners, the decision to sell your Brunswick, Hinckley, Medina or Strongsville home is about you. It’s about your personal situation and your quality of life. “It’s about kids fighting about having to share the same room or their need for a studio space to pursue their artistic endeavors,” Realtor Magazine shares. Your need to move into a new home will probably still be present down the road, but the conditions in the local Medina County real estate market will not.
Do you have questions about selling your home in Medina, Valley City, Columbia Station, North Royalton, Brunswick, Hinckley or Strongsville this year? BOLD Real Estate Consultants is here to help you!
Sajag Patel
BOLD Real Estate Consultants
440-879-7260
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