Set Yourself Up For Success - Price Your Home To Sell!

In light of the recent rise in mortgage rates, last year’s housing market experienced a decrease. And if you are planning to place your home on the market soon, you should be prepared for a shift in expectations. According to realtor.com:

“. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.”

In a moderate market, pricing your house correctly can have an immense effect on how fast it will sell and what profit you make. Thankfully, homes that are priced satisfactorily still remain competitive in the current real estate sphere.

Why Pricing Correctly Matters

Pricing your house too low could mean that you are leaving money on the table, or worse, it might lead buyers to think there is something wrong with your home. On the other hand, pricing it too high may prevent potential buyers from considering it in the first place. If this happens and you need to lower your price, remember that some people will interpret a drop as a warning sign about quality of life at your property.

To save yourself the hassle, always price it correctly from the beginning. A real estate expert has an understanding of how to determine an ideal asking cost for your residence. They utilize factors such as market trends, buyer demand, condition of your house and others to locate that perfect value. This not only helps bring in higher offers but also increases the chance that you’ll be able to sell it quickly! See below what a difference pricing can make: