How to get multiple offers in a Seller's Market!
Why is it important to rely on the expertise of a real estate agent when deciding to make that move? Pricing your house correctly is critical.
It is currently a seller’s market, with record-high demand from buyers and an all-time low housing inventory nationwide. Many homes are selling within hours, and above the asking price. According to the National Association of Realtors, 46% of homes are selling above the listing price.
Working with an agent to assure you set the right asking price is crucial, and here’s why.
You are sending a message to potential buyers when you list your house – too low and you may raise questions about the value and condition of your home.
But price it too high and you run the risk of deterring potential buyers.
In other words, think of pricing your home as a target. Pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested and also makes it more likely you will end up in a bidding war – which ultimately benefits you as the seller.
There are many factors that go into listing your house at the right price and balancing them is key. That’s why it’s important to lean on an expert real estate advisor when you’re ready to move. A local real estate advisor is knowledgeable about local home values, the market’s current demand and the specifics about your property.
A real estate professional will balance these factors to make sure the price of your house makes the best first impression and gives you the greatest return on your investment in the end.