Want To Sell Your House? Price It Right.

Want To Sell Your House? Price It Right.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:

“. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.”

In a more moderate market, how you price your house will make a big difference to not only your bottom line, but to how quickly your house could sell. And the reality is, homes priced right are still selling in today’s market.

Why Pricing Your House Appropriately Matters

Especially today, your asking price sends a message to potential buyers.

If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with the home.

If it’s priced too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to try to reignite interest in your house when it 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 that means about the home.

To avoid either headache, price it right from the start. A real estate professional knows how to determine that ideal asking price. They balance the value of homes in your neighborhood, current market trends, buyer demand, the condition of your house, and more to find the right price. This helps lead to stronger offers and a greater likelihood your house will sell quickly.

The visual below helps summarize the impact your asking price can have:

Want To Sell Your House? Price It Right. | MyKCM

Bottom Line

Homes that are priced at current market value are still selling. To make sure you price your house appropriately, maximize your sales potential, and minimize your hassle, let’s connect.


Recent Blog Posts

How to Succeed in a Bidding War

In today's competitive real estate market, facing multiple offers has become increasingly common, especially in sought-after neighborhoods. As a homebuyer, navigating … Read more

Are More Homeowners Selling as Mortgage Rates Come Down?

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits yo… Read more

Key Questions to Ask About Schools and School Districts

When searching for a new home, many factors come into play, and one of the most crucial considerations for families is the quality of local schools and the school dist… Read more

Avoid These Common Pitfalls After Applying for a Mortgage

hile securing a mortgage is a significant achievement, it's important to remember that the journey doesn't end there

Why Consider the Not-So-Perfect House

I often witness the magic that happens when homebuyers choose a house that may not be perfect at first glance but has the potential to become the home they've always … Read more

Celebrating Diversity: Embracing the Vibrant Tapestry of December Festivities in Maplewood, South Orange, and Montclair

As the air fills with the festive spirit, the towns of Maplewood, South Orange, and Montclair come alive with a colorful array of cultural celebrations in the month of… Read more

All I Want for Christmas is a New Home: A Hilarious Guide to Gifting Yourself the Perfect Property

Tired of wrapping socks and scarves every year? Why not treat yourself to the ultimate holiday gift—a shiny new home!

Enchanting Holiday Magic!

Essex County, New Jersey, comes alive during the December holidays, offering an array of enchanting activities and events that capture the spirit of the season.

401(k) for Your Dream Home? Examining the Risks and Alternatives

Some individuals contemplate dipping into their 401(k) retirement savings as a means to secure a down payment. While this approach offers immediate financial relief, i… Read more

Hey, before you go!

Want to stay one step ahead of the market? Sign up to be on Dyanna's VIP mailing list to receive exclusive listings, real estate news and a lot more.