The Columbus housing market continues to evolve as 2024 progresses, with shifts in interest rates, buyer behavior, and inventory levels shaping opportunities for both buyers and sellers. At Sell For 1 Percent, we pride ourselves on helping clients navigate these changes with confidence, offering full-service real estate solutions at just 1% commission. Here’s our expert take on what’s happening in the market and how you can make the most of it.
What’s Happening in the Columbus Housing Market?
Interest Rates Remain a Key Factor
As of mid-November, mortgage rates are hovering in the high 6% to low 7% range. While rates have increased slightly, this shift has brought notable changes to the market dynamics. Gone are the days of paying $50,000 over asking price or waiving every contingency. Today’s buyers have more negotiating power, and sellers can still achieve top dollar with the right strategy.
Inventory in Columbus Is on the Rise
We’re seeing more homes on the market compared to the frenzied pace of the past few years. This increased inventory gives buyers more options and allows sellers to position their homes competitively to attract serious offers. For both buyers and sellers, the key is adapting to these new conditions with informed, strategic decisions.
Opportunities for Buyers in Columbus
More Negotiation, Fewer Bidding Wars
For buyers, the current market offers a chance to purchase a home without the pressure of competing against multiple offers. Inspection contingencies and remedies have made a comeback, and buyers are often able to secure properties at or below asking price. This shift provides a window of opportunity to find your dream home without overpaying.
Why Now is a Great Time to Buy
Even with slightly higher interest rates, today’s buyers can avoid the inflated prices seen in recent years. And remember, refinancing options may become available in the future if rates drop. In the meantime, locking in a home at a fair price sets you up for long-term equity gains.
Opportunities for Sellers
Homes Are Still Selling for Top Dollar
Despite market shifts, Columbus remains a strong market for sellers. Well-priced homes in good condition are attracting serious buyers. While you may not see a sale within hours of listing, most homes are selling within a few weeks at competitive prices.
Setting the Right Expectations
The market is stabilizing, which means sellers need to adapt their strategies. At Sell For 1 Percent, we help you create a tailored game plan to showcase your home’s value and attract the right buyers. Whether it’s professional marketing, pricing strategies, or expert negotiations, we ensure your home sells for top dollar with less hassle.
Why Choose Sell For 1 Percent?
At Sell For 1 Percent, we’re more than just a real estate brokerage—we’re your trusted partner in navigating the Columbus housing market. Our full-service approach ensures you receive all the benefits of traditional real estate services while saving thousands with our 1% commission model.
How We Deliver Value:
- Technology-Driven Marketing: Your home gets maximum exposure through cutting-edge digital tools and platforms.
- Expert Guidance: With years of experience in the Columbus market, our team provides tailored advice to achieve your goals.
- Transparent Savings: Our 1% commission model means more money stays in your pocket.
Ready to Buy or Sell?
Whether you’re looking to buy your dream home or sell your property for top dollar, the team at Sell For 1 Percent is here to help. Our innovative approach ensures a smooth and successful transaction, no matter the market conditions.
Contact Us Today
Call or email us to learn how we can help you make the most of today’s real estate opportunities. Let’s get started on your journey to success!
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