Is Your House Priced to Sell Immediately?

Have You Done YourHomework And Made Sure Your House Is Priced To Sellimmediately?

In today’s real estate market, more houses are coming to market every day.Eager buyers are searching for their dream homes, so setting theright price for your house is one of the most important things youcan do.

According to CoreLogic’slatest Home Price Index, home values haverisen at over 6% a year over the past two years, but have startedto slow to 3.6% over the last 12 months. By this time nextyear, CoreLogic predicts home values will be5.4% higher.

With prices slowing from their previous pace, homeowners mustrealize that pricing their homes a little over market value toleave room for negotiation will actually dramatically decrease thenumber of buyers who will see their listing (see the chartbelow).

Instead of the seller trying to ‘win’ thenegotiation with one buyer, they should price their house so thedemand for the home is maximized.

By doing so, the seller will not be negotiating with a buyerover the price, but will instead have multiple buyers competingwith each other over the house. The secret is making sure yourhouse is Priced To Sell Immediately (PTSI). That way,your home will be seen by the most potential buyers. It will sellat a great price before more competition comes to the market.

Bottom Line

If you’re debating listing your house for sale,let’s get together to discuss how to price your homeappropriately and maximize your exposure.