How to Price Your House
We’re living in a sellers’ market. Homes are selling above the asking price at a record rate, and low inventory matched with high buyer demand creates a feeding frenzy for sellers. Bidding wars are driving up home prices, people are buying without even seeing the property, and none of it is expected to slow down any time soon. It’s exciting, but we urge you not to get greedy here.
It might be tempting to price your home on the high side to capitalize on the trends, but doing so could limit your house’s potential. Even in today’s red-hot sellers’ market, it’s still essential to price your home right.
A high price tag doesn’t mean you’re going to cash in big. In actuality, it’s more likely to deter buyers, sit on the market longer, or require a price drop that raises questions among prospective buyers. Instead of thinking like a Bezos, focus on setting a fair price.
The perfect price increases your home’s visibility, driving more buyers to your front door. The more people that tour your home, the more likely you’ll have a multi-offer scenario that creates a bidding war. Bidding wars are a seller’s ideal scenario because multiple buyers competing for your house sets you up for a more significant win.
What You Need to Know
You’re going to need somewhere to live once you sell your home at the right price, and we can help make that happen. Contact the Green Mortgage Team to talk fair market value, appraisals, and anything else your home-selling heart desires.
-Kyle Green
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