{"id":3195,"date":"2020-10-05T05:00:29","date_gmt":"2020-10-05T10:00:29","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/why-pricing-your-house-right-is-essential\/"},"modified":"2021-12-12T14:18:07","modified_gmt":"2021-12-12T20:18:07","slug":"why-pricing-your-house-right-is-essential","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/why-pricing-your-house-right-is-essential\/","title":{"rendered":"Why Pricing Your House Right Is Essential"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/10\/02131855\/20201005-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Why Pricing Your House Right Is Essential | Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>In today\u2019s real estate market, setting the right price for your house is one of the most valuable things you can do.<span id=\"more-43125\"><\/span><\/p>\n<p>According to the U.S. Economic Outlook by the <em>National Association of Realtors<\/em> (NAR), existing home prices nationwide are forecasted to <strong>increase 4.7% in 2020<\/strong> and <strong>4.1% in 2021<\/strong>. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, <em>Chief Economist<\/em> at <em>realtor.com<\/em>, <a href=\"https:\/\/www.realtor.com\/research\/weekly-housing-trends-view-data-week-august-1-2020\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">notes<\/a>:<\/p>\n<blockquote>\n<p><em>\u201cLooking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices\u2013which are now growing at the highest pace since January 2018\u2013makes sense.\u201d<\/em><\/p>\n<\/blockquote>\n<p>When it comes to pricing your home, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that <strong>demand is maximized<\/strong> and more buyers want to take a look.<\/p>\n<h4><strong>How to Price Your Home<\/strong><\/h4>\n<p>As a seller, you might be thinking about pricing your house on the high end while so many of today\u2019s buyers are <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/09\/17\/how-low-inventory-may-impact-the-housing-market-this-fall\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">searching<\/a> harder than ever just to find a home to purchase. You\u2019re thinking, higher price, greater profit, right? But here\u2019s the thing \u2013 a high price tag does not mean you\u2019re going to cash in big on the sale. It\u2019s actually more likely to <strong>deter buyers <\/strong>and have them looking at the houses your neighbors are selling instead.<\/p>\n<p>Even today, when the advantage tips toward sellers because there are so few houses for sale, your house is more likely to sit on the market longer or require a price drop that can send buyers running in the other direction if it isn\u2019t priced just right.<a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/10\/02131857\/20201005-MEM-Eng-1.jpg?ssl=1\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-43127\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/10\/02131857\/20201005-MEM-Eng-1.jpg?resize=650%2C366&#038;ssl=1\" alt=\"Why Pricing Your House Right Is Essential | Simplifying The Market\" width=\"650\" height=\"366\" \/><\/a><\/p>\n<h4><strong>A Trusted Real Estate Professional Will Help<\/strong><\/h4>\n<p>It\u2019s important to make sure your house is priced correctly by working in partnership with a trusted real estate professional. When you price it competitively, you won\u2019t be negotiating with one buyer over the price. Instead, you\u2019ll have multiple buyers <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/08\/31\/three-ways-to-win-in-a-bidding-war\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">competing<\/a> for the home, and that\u2019s what ultimately increases the final sale price.<\/p>\n<p>The key is making sure your house is priced to sell immediately. That way, it will be seen by the most buyers. More than one of them may be interested, and your house will be more likely to sell at a competitive price.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you&#8217;re thinking about listing your house this fall, let\u2019s discuss how to price it right so you can maximize your exposure and your return.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3196,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3195","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Pricing Your House Right Is Essential&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/why-pricing-your-house-right-is-essential\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Pricing Your House Right Is Essential&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"In today\u2019s real estate market, setting the right price for your house is one of the most valuable things you can do. 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