The Housing Market is hot right now across the country, with inventory low and an influx of buyer demand, but that doesn’t mean you should price your home too high. Price is still a big factor when selling your home. If priced incorrectly, it could affect the sale of your house.
A great way to entice the many buyers out there today is with pricing. If you list your home at or just below market value your buyers will come flocking. This strategy always works because it increases the number of buyers who see your listing. When a buyer sees an incredible deal on a fabulous home they want to jump on it. Before they even come to look at your home, they are already excited about making an offer.
A house at or below market value means a good chance for multiple offers. A seller’s dream is for a potential bidding war which will drive the final sale price higher. Homeowners often make the mistake of overpricing their homes. This leads to a stagnant listing which will also lead to lowering the price. Potential buyers might think there is something wrong with your home with a price drop.
According to www.keepingcurrentmatters.com the saying goes, “when inventory is tight, pricing it right.” The site says the secret to selling your home is PTSI which stands for “Priced To Sell Immediately.”
According to CoreLogic’s Home Price Index within the past two years, home values have risen above 6% per year. CoreLogic estimates that home values will be 5.4% higher this time next year.
Before placing your home up for sale, speak to a real estate professional. A real estate professional can not only price your home right but can also maximize visibility and demand from potential buyers.
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