Ready to sell your home fast?
In today’s real estate market, setting the right price for your house is one of the most important things you can do. According to the U.S Economic Outlook by the National Association of Realtors, existing home prices nationwide will increase 3.8% in 2020 and 2.1% in 2021. This means experts anticipate home values to continue climbing into next year. Low inventory is largely keeping them from depreciating.
When it comes to selling your home, setting the price at or slightly below market value will increase the visibility of your listing and drive more buyers your way. This strategy actually increases the number of buyers who will see your home in their search process. Instead of trying to win the negotiation with one buyer, you should price your house so demand is maximized. This way, potential buyers don’t get deterred by a high price tag and you don’t find it sitting on the market longer than it should. By doing so, you won’t be negotiating with one buyer over the price. Instead, you’ll have multiple buyers competing for the property.
Overpricing a home will leave a poor first impression on buyers. As the number of days on the market increases, interest in your home decreases, and the listing becomes stale. Another thing is the number of price reductions you’ve had! That’s when buyers have the upper hand because they base their offer to purchase the home on how long the house has been sitting on the market without selling and the many price reductions made over time.
The secret to selling your home fast is making sure your house is Priced to Sell Immediately. That way, your house will be seen by the largest number of potential buyers and will be more likely to sell at a great price before more competition comes to the market.
