Last year, the housing market slowed down in response to higher mortgage rates which impacted home prices. If you are thinking of selling your house soon, that means you will want to adjust your expectations accordingly.
In a more moderate market, how you price your house will make a difference to not only your bottom line, but to how quickly your house could sell. Homes priced right are still selling in today’s market.
Why Pricing Your House Appropriately Matters
Especially today, your asking price sends a message to potential buyers!
If it’s priced too low, you may leave money on the table. You may 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 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.
To avoid either headache, price it right from the start. I know how to determine that ideal asking price. I will compare the value of neighborhood homes, current market trends, buyer demand, the condition of your house, and more to find the right price. This will help to receive stronger offers and a greater likelihood your house will sell quickly.
The visual below helps summarize the impact your asking price can have.
Bottom Line
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, let’s get together.