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Pricing your Home Attractively

Everyone keeps saying it is a sellers’ market, and it is. Inventory is still very low, and we are seeing high buyer demand. “According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR):

The living room of homeowners looking to sell their home
  • Homes typically sell within 17 days (compared to 26 days one year ago).
  • The average home sold has five offers to pick from.
  • 54% of offers are over the asking price.”

It’s tempting to list your house at a high price to capitalize on the trend but it’s important to listen to your real estate agent when determining the price of your home to be listed. If you push for it to be listed too high, it could limit your house’s potential. It’s crucial to keep in mind, your home type, whether it is a single-family or multi-family unit, the area it is located in, and what the other homes that are comparable to yours sold for.

Your agent is looking out for your best interests and wants to get you more bang for your buck too! Trust the process. When the house is priced right, it will draw more attention to your home and may initiate a multi-offer situation that could meet or exceed your expectations of the sale price. The more buyers touring your property, the higher the chance of getting a bigger win.

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. CrossCountry Mortgage, LLC (“CrossCountry”) does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by CrossCountry.