The impact of higher mortgage rates on the housing market last year had a negative effect on home prices. If you are thinking about selling your house soon, you will need to adjust your expectations. As realtor.com explains:”. . . Some of the most prominent pandemic trends have changed. Sellers might want to adjust accordingly to get a great deal.
If you are selling your house in a moderate market, the price you set for your home will have a significant impact on your bottom line and how quickly it could sell. The truth is that homes priced right still sell in today’s market.
Why it is important to price your house appropriately
Your asking price is a signal to potential buyers, especially today.
It’s possible to lose money if the price is too low.
You run the risk of deterring potential buyers if your house is priced too high. If that happens, you might need to lower the price in order to rekindle interest in your house after it has been on the market for a while. Some buyers may see a price drop as a red flag and wonder what it means for the home.
Price it right away to avoid any headaches. A real estate professional will know how to determine the ideal asking price. To determine the right price, they consider the market trends, the condition of your home, the value of other homes in the area, and buyer demand. This will result in stronger offers and a faster sale of your house.
The visual below shows the impact that your asking price can make.
Bottom LineHomes priced at the current market value still sell. A trusted real estate professional can help you price your house correctly, maximize your sales potential, minimize hassle, and ensure that your house sells.
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