Demand Increased When You Price Your Home Right

Dated: December 28 2020

Views: 30

Why It’s Important to Price Your House Right Today

Why It’s Important to Price Your House Right Today | MyKCM

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.Why It’s Important to Price Your House Right Today | MyKCMIt’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.

Bottom Line

Let's connect to price your house correctly from the start so you can maximize your exposure and your return.

Blog author image

Arna Freedman

Looking for a Pro? Someone who will listen, negotiate and get the home you are looking for with the least amount of stress? I have been successfully working for buyers and sellers in Orange County fo....

Latest Blog Posts

Buyer's Can Make A Difference This Way!

Pre-Approval Makes All the Difference When Buying a HomeYou may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what

Read More

THE FIVE THINGS BUYER SHOULD KNOW TODAY

5 Things Homebuyers Need To Know When Making an OfferWhen it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren

Read More

How Much has your Home Appreciated?

Home Price Appreciation Is as Simple as Supply and DemandHome price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any

Read More

Don't Wait to Buy a Home This Year It will Cost More Each Month

How Misunderstandings about Affordability Could Cost YouThere’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on

Read More