""

Selling Your Home? Make Sure The Price Is Right!

Dated: January 22 2019

Views: 26

<img class="aligncenter wp-image-784" src="http://ryanivie.com/i/blogs.dir/erinmenard/12/2019/01/20190116-Share-KCM.jpg" alt="20190116-Share-KCM" width="679" height="371" />

If you’ve ever watched <em>“The Price is Right,” </em>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: <strong>be the closest without going over!</strong>

As we have explained <a href="https://www.keepingcurrentmatters.com/2019/01/07/want-to-get-the-most-money-from-the-sale-of-your-home-use-these-2-tips/">before</a>, 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 <strong>nothing was wrong, the price was just too high!</strong>

<h6>Source: <a href="https://www.keepingcurrentmatters.com/2019/01/16/selling-your-home-make-sure-the-price-is-right-2/" target="_blank">Keeping Current Matters</a></h6>

Blog author image

Ryan Ivie

Ryan Ivie is Utah’s top agent with over 22 years of real estate experience. With his knowledge of the market and strong negotiating skills, he consistently gets homes sold in shorter periods of ti....

Latest Blog Posts

Diving Deep into Today’s Biggest Buyer Concerns

Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it

Read More

A Look at Home Price Appreciation Through 2025

Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home

Read More

Sellers Are Ready To Enter the Housing Market

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for

Read More

Your House Could Be the Oasis in an Inventory Desert

Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady

Read More