Selling Your Home Make Sure The Price Is Right

Dated: January 16 2019

Views: 81

Image title

If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price.

In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year.

They will have to employ the same strategy: be the closest without going over!

As we have explained before, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!

Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to buy is still very strong throughout the country!

Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes when in reality nothing was wrong, the price was just too high!

Bottom Line

If you are thinking about listing your home for sale this year, let’s get together to properly price your home from the start! Contact Tricia Glover and The Glover Team at 540-846-0185, visit our website at http://tglover.liveinfredericksburgva.com.

Blog author image

Tricia Glover

As an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate in the Northern Virginia Area. It's not the same everywhere, so you ne....

Latest Blog Posts

Tips For Finding The One

Some Highlights The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track. Because of increased demand, you’ll

Read More

Working Remotely

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need? For Buyers, For Sellers, Move-Up BuyersA lot has changed over the past year. For many people, the rise in remote

Read More

Equity Rises And So Does Your Wealth

As Home Equity Rises, So Does Your Wealth# First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, PricingHomeownership is still a

Read More

Virtual Or In Person

Virtual tours?  It seems that many buyers are asking for virtual tours or asking the Realtor to preview the home on their behalf, would you buy a house sight unseen?  Do you prefer to take

Read More