At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would
Selling Your Home? Make Sure The Price Is Right!
Dated: January 22 2019
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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>
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....