Do You Plan To Sell Your Home in the Spring? Set the Right Price.
The property market has changed dramatically in the last year. While it is still a sellers' market, homes that are priced correctly are selling and attracting the most attention from buyers. If you plan to sell your home this spring, it's critical to consult with a professional real estate advisor when determining a list price. As Realtor.com explains:
“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”
In today’s market, how you price your house will make a big difference not only to your bottom line but also to how quickly it will sell.
Why Pricing Your House Right Matters
Your asking price sends a message to potential buyers, especially today.
Whether you price it too low, you risk losing money or discouraging purchasers who may notice a lower-than-expected price tag and worry whether something is amiss with the house.
If it’s priced too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to drive interest when your house 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 it means about the home.
To avoid either headache, price it right from the start. A real estate professional knows how to determine the ideal asking price. They balance the values of homes in your neighborhood, current market trends, buyer demand, the condition of your house, and more to find the right price. This leads to stronger offers and a greater likelihood that your house will sell quickly.
The visual below helps summarize the impact your asking price can have:
Homes priced at market value are selling faster and for a higher price right now. Let's get together today to make sure you price your home correctly, optimize your sales potential, and minimize your problems.