year, the housing market slowed down in response to higher mortgage rates, and
that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to
adjust your expectations accordingly. As realtor.com explains:
“. . . some of the more prominent pandemic trends have
changed, so sellers might wish to adjust accordingly to get the best deal
a more moderate market, how you price your house will make a big difference to
not only your bottom line, but to how quickly your house could sell. And the
reality is, homes priced right are still selling in today’s market.
Why Pricing Your House Appropriately Matters
today, your asking price sends a message to potential buyers.
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.
it’s priced too high, you run the risk of deterring buyers. When that happens,
you may have to lower the price to try to reignite interest in your house when
it 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 that means about the home.
avoid either headache, price it right from the start.
A real estate professional knows how to determine that
ideal asking price. They balance the value of homes in your neighborhood,
current market trends, buyer demand, the condition of your house, and more to
find the right price. This helps lead to stronger offers and a greater
likelihood your house will sell quickly.
visual below helps summarize the impact your asking price can have:
Homes that are priced at
current market value are still selling. To make sure you price your house
appropriately, maximize your sales potential, and minimize your hassle, reach
out to a trusted real estate professional.
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