August 10, 2021 at 2:01pm | Alice Siegel

Selling Your House? 
Make Sure You Price It Right.

Selling Your House? Make Sure You Price It Right. | MyKCM

There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Surveyfrom the National Association ofRealtors (NAR):
  • 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.
Because so many buyers are competing for so few homes, bidding wars are driving up home prices. According to an average of leading expert projections, existing home prices are expected to increase by  8.9% this year.
Yet even in today’s red-hot sellers’ market, it’s important to price your house right. While it may be tempting to price your house on the high side to capitalize on this trend, doing so could limit your house’s potential.

Why Pricing Your House Right Matters

Here’s the thing – a high price tag doesn’t mean you’re going to cash in big on the sale. While you may be trying to maximize your return, the tradeoff may be steep. A high list price is more likely to deter buyers, sit on the market longer, or require a price drop that can raise questions among prospective buyers.
Instead, focus on setting a price that’s fair. Real estate professionals know the value of your home. By pricing your house based on its current condition and similar homes that have recently sold in your area, your agent can help you set a price that’s realistic and obtainable – and that’s good news for you and for buyers.

Selling Your House? Make Sure You Price It Right. | MyKCM
When you price your house right, you increase your home’s visibility, which drives more buyers to your front door. The more buyers that tour your home, the more likely you’ll have a multi-offer scenario to create a bidding war. When multiple buyers compete for your house, that sets you up for a bigger win.

Check out our FREE Market Evaluation Report and find out your home is worth!  
 Let’s connect today to discuss the options that are best for you.  
Watermark Real Estate Group: 843-989-0065

Bottom Line

When it comes to pricing your house, working with a local real estate professional is essential. Let’s connect so we can optimize your exposure, your timeline, and the return on your investment, too.

The 🗝 key to selling your house is to price it just right. 
Thinking about selling but worried about the tenants, cleaning, hassle, timing or expense?
Call to get details about our 4 NEW Seller Programs
     1. Sell WITHOUT Showing!
     2. 40 Days to Contract or You're Free!
     3. Lots of Variable Commission Options
     4. Sell and Stay In Your Home, till you Find a New HOME!



Let's Connect Today!  📲
Radha Herring | 843-989-0065
rherring@watermarkagents.com
#ShopLocal #SellLocal
Buy with Confidence | Sell with Success


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