April 21, 2023
Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains:
“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”
In today’s market, how you price your house will not only make a big difference to your bottom line, but to how quickly your house will sell.
Why Pricing Your House Right Matters
Your asking price sends a message to potential buyers, especially today.
If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with the home.
If it’s priced too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to drive interest when your house sits on the market for a while. But be aware that a price drop can be seen as a red flag by some buyers who will wonder what it means about the home.
To avoid either headache, price it right from the start. A real estate professional knows how to determine the ideal asking price. To find the right price they compare the value of homes in your neighborhood, evaluate current market trends, assess buyer demand, review the condition of your house, and more. This helps produce to stronger offers and a greater likelihood your house will sell quickly.
The visual below helps to summarize the impact your asking price can have on your success:
Bottom Line
Homes priced at their current market value are selling faster and at a better prices right now than most. To assure that you price your house appropriately, maximize your sales potential, and minimize your hassles, let’s connect today.
Courtesy of Keeping Current Matters