It is only natural for homeowners to want to get as much as they can out of the sale of their homes. For many, personal wealth is wrapped up into their home. A concerning trend that we have been noticing recently is that homes are selling for less that homeowners are asking for them. This is a problem that is widespread. It is also a problem that can be avoidable. Deb Maher Realtor is here to talk about why homes are selling for less that homeowners are asking and share some tips to help you avoid this problem.
More Than Half of Homes on the Market are Selling for Less than Owners are Asking
It might be hard to believe that more than half of the homes on the market are selling for less than owners are asking for them. While this might seem shocking and like a negative thing, it isn’t all bad. Over the last few years, we have seen the price of houses inflate at a rate that was never sustainable. There was bound to be a correction coming at some point. This can be excellent news for those that are looking at buying their first home. It was a difficult market for those that had never purchased a home before.
Pricing Your House Right has Never Been so Important
In a market like this, as prices are returning back to earth, it is more important than ever to price your house right. There is an ideal formula out there to help ensure you get the price right from the beginning. Here are the steps that can help set you up for success:
– Prep the House: The first thing that you need to do is get your home ready to list. This means getting rid of clutter, making necessary repairs, and even consider staging it for the pictures and showing.
– Price Right from Day One: It might be tempting to price your house high with the intent on coming down in price over time. However, this can end up biting you in the end. Lean on the agent you’re working with as they will have their finger on the pulse of the current market. That can help you get the price right off the bat.
– Flexibility: It is important that homeowners are flexible throughout the process. You should prepare yourself for the possibility of negotiating the final selling price of your home. It might be repairs, closing costs, or other details of the sale that you have to negotiate.
Residential House Property Sales & Rentals in Gatesville, Valley Mills, Robinson, Lacy Lakeview, Bellmead, Hewitt, Woodway, Greater Waco, TX | North & Central Texas Real Estate
If you are getting ready to sell your home, you can turn to Deb Maher Realtor to help you get the price right. We want to help you achieve success in selling your home. We also want to help you maximize your profits. If you are a buyer, we will help you buy the perfect home in the perfect place. Call us today!
