Link to The List of Homes for Sale
Why It’s Important to Price Your House Right Today Even in
today’s sellers’ market, setting the right price for your house is one of the
most valuable things you can do. According to the U.S. Economic Outlook by the
National Association of Realtors (NAR), existing home prices nationwide are
forecasted to increase by 4.5% in 2021. This means experts anticipate home
values will continue climbing next year. Danielle Hale, Chief Economist for
realtor.com, notes: “We expect price gains to ease somewhat in 2021 and end
5.7% above 2020 levels, decelerating steadily through the spring and summer,
and then gradually reaccelerating toward the end of the year.” How to Price
Your House When it comes to setting the right price for your house, the goal is
to increase visibility and drive more buyers your way. Instead of trying to win
the negotiation with one buyer, you should price your house so that demand is
maximized and more buyers want to take a look. As a seller in today’s market,
you might be thinking about pricing your house on the high end while so many of
today’s buyers are searching harder than ever just to find a home to purchase.
But here’s the thing – a high price tag does not mean you’re going to cash in
big on the sale. It’s actually more likely to deter buyers. Right now, even
when there are so few houses for sale, your house is more likely to sit on the
market longer or require a price drop that can send buyers running if it isn’t
priced just right from the very beginning.It’s important to make sure your
house is priced correctly by working with a trusted real estate professional
throughout the process. When you price it competitively from the start, you
won’t be negotiating with one buyer. Instead, you’ll likely have multiple
buyers competing for the house, potentially increasing the final sale price.
The key is to make sure your house is priced to sell immediately. This way, it
will be seen by the greatest number of buyers. More than one of them may be
interested, and it will be more likely to sell at a competitive price. The
information contained, and the opinions expressed, in this article are not
intended to be construed as investment advice. Keeping Current Matters, Inc.
does not guarantee or warrant the accuracy or completeness of the information
or opinions contained herein. Nothing herein should be construed as investment
advice. You should always conduct your own research and due diligence and
obtain professional advice before making any investment decision. Keeping
Current Matters, Inc. will not be liable for any loss or damage caused by your
reliance on the information or opinions contained herein.