How To List Your Home for the Best Price

If your plan for 2019 includes selling your home, you will wantto pay attention to where experts believe home values are headed.According to the latest Home PriceIndex from CoreLogic, home pricesincreased by 4.7% over the course of 2018.

The map below shows the results of the latest index bystate.

Real estate is local. Each state appreciates at differentlevels. The majority of the country saw at least a 2.0% gain inhome values, while some residents in North Dakota and Louisiana mayhave felt prices slow slightly.

This effect will be short lived. In thesame report, CoreLogic forecasts that everystate in the Union will experience at least 2.0% appreciation, withthe majority of the country gaining at least 4.0%! The predictionfor the country comes in at 4.6%. For a median-priced home, that translates toover $14,000 in additional equity next year! (The mapbelow shows the forecast by state.)

So, how does this help you list your home for the bestprice?

Armed with the knowledge of how much experts believe your housewill appreciate this year, you will be able to set an appropriateprice for your listing from the start. If homes like yours areappreciating at 4.0%, you won’t want to list your home formore than that amount!

One of the biggest mistakes homeowners make is pricing theirhomes too high and reducing the price later when they do not getany offers. This can lead buyers to believe that there may besomething wrong with the home, when in fact the price was just toohigh for the market.

Bottom Line

Pricing your home right from the start is one of the mostchallenging parts of selling your home. Once you decide to listyour house, let’s get together to discuss where home valuesare headed in your area!