Over the past year, the housing market has slowed in response to higher mortgage rates, impacting home prices. If you’re thinking of selling your home soon, it means you’ll need 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 moderate market, the price of a home can make a big difference not only in bottom line, but also in how quickly a home sells, and the reality is that even today’s market sells homes at decent prices.
Why Pricing Your House Appropriately Matters
Especially today, your asking price sends a message to potential buyers. If the price is too low, you may leave money on the table, or buyers may see a lower-than-expected price and wonder if something is wrong with their home. If the price is too high, you run the risk of deterring buyers. In this case, after it’s been on the market for a while, you may need to drop the price to rekindle interest in the home.However, some buyers may see the price drop as a red flag.
To avoid both headaches, set the right price from the beginning. Real estate professionals know how to determine that ideal asking price. Find the right price by weighing nearby home values, current market trends, buyer demand, home condition, and more. This will create a stronger listing and increase the chances of your home selling quickly. The image helps summarize the impact of the asking price.
Bottom Line
Homes valued at current market prices are still for sale. Contact us to properly value your home, maximize your sales potential, and minimize hassles.
find out why Kaya Homes is the leader in Long Island Real Estate and are your go-to realtor in the Lynbrook, Oceanside, Malverne, Hewlett, Valley Stream, East Rockaway, Woodmere, Cedarhurst, Baldwin, North Woodmere, Woodsburgh, Hewlett Neck Hewlett Harbor, Bellmore,Wantagh,Merrick and Freeport area.
Tue, 24 Jan 2023 20:48:26 +0000
