In Episode 15 of Intelligent Equity Podcast, host Ryan Kiefer talks with Monika DeRoussel of RE/MAX Preferred Group. They discuss the current market conditions in Cincinnati, advantages and disadvantages for sellers in the current market, and how to think outside the box to best position yourself in a multiple offer situation.
Episode Highlights:
- It’s an awesome market and a great time to sell.
- The biggest struggle we have in the market today is that you might end up without a home to move into.
- A lot of sellers want to find a home first and then sell.
- Between 350k-400k there are only a few houses to choose from.
- It's a challenge to sell because you may not have something that meets your criteria to move into.
- When you push over 500k houses are sitting.
- Everything is flying off the market at 350k and below.
- In order to move to a 500k price point, you have more leverage if your house has sold.
- The rates are so low that it allows people to truly get the dream home.
- We can’t list homes below 350k fast enough.
- Even if the local market slows down, there are relocation clients that start coming to Cincinnati at this point in the year.
- If you list in November it's not a bad time.
- The relocation people typically don't nickel and dime you.
- In multiple offer situations, you want to position yourself to win the house.
- A lot of people are writing letters to sellers.
- Find ways to think differently from other prospective buyers.
- Attention is in the details.
- Realtors want to help you sell for the most money in the least time while getting you into a new place that you’ll love.
3 Key Points:
- It’s a great time to sell in Cincinnati.
- Rates are so low that people are truly able to get their dream home.
- In multiple offer situations, you have to find ways to think differently to create an advantage.
Resources Mentioned:
- Ryan Kiefer: LinkedIn, Facebook, Website
- Monika DeRoussel website, Facebook, Twitter, Instagram, LinkedIn