Welcome to the SaltLakeAreaRealEstate.com Blog

2019-10-07 19:23:25
Is your house priced to sell immediately?

In today’s hot real estate market there is a tendency to try to list your home for more than it is worth and then wait to see if there are any takers. Setting the price right is one of the most important things that an experienced agent can do.

According to CoreLogic homes have risen a little over 6% for the past 2 years. There does seem to be a small correction that has recently taken place with homes appreciating at a more modest 3.6% over the last year. CoreLogic is predicting that by this time next year homes will have appreciated 5.4%. With prices starting to slow down sellers need to realize that pricing their home a little over the market could and will have a negative effect on the number of showings they will have. (see the attached chart)

 Inline image

Instead of trying to get that one perfect offer sellers should be advised to price their home so that they can maximize the demand and showings of their property. The secret to maximizing the number of showings and increase the potential for multiple offers is to price it correctly when the property is new to the market.

Bottom Line

If you are thinking of listing your home for sale, give me a call and we will discuss how to price your home so that it is competitive in your market, We will show you how we can maximize your exposure to insure you get the most for your home.

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