{"id":4285,"date":"2022-08-09T05:00:43","date_gmt":"2022-08-09T10:00:43","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/selling-your-house-your-asking-price-matters-more-now-than-ever\/"},"modified":"2024-01-18T20:52:27","modified_gmt":"2024-01-19T02:52:27","slug":"selling-your-house-your-asking-price-matters-more-now-than-ever","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/selling-your-house-your-asking-price-matters-more-now-than-ever\/","title":{"rendered":"Selling Your House? Your Asking Price Matters More Now Than Ever"},"content":{"rendered":"

\"Selling<\/p>\n

There\u2019s no doubt about the fact that the housing market<\/a> is slowing from the frenzy we saw over the past two years. But what does that mean for you if you\u2019re thinking of selling your house?<\/span><\/p>\n

While home prices<\/a> are still appreciating in most markets and experts say that will continue, they\u2019re climbing at a slower pace because rising mortgage rates are creating less buyer demand<\/a>. Because of this, there are more homes<\/a> on the market. And in a shift like this one, the way you price your home matters more than ever.<\/p>\n

Why Today\u2019s Housing Market Is Different<\/strong><\/h4>\n

During the pandemic, sellers could price their homes higher because demand was so high, and supply was so low. This year, things are shifting, and that means your approach to pricing your house needs to shift too.<\/p>\n

Because we\u2019re seeing less buyer demand, sellers have to recognize this is a different market than it was during the pandemic. Here\u2019s what\u2019s at stake if you don\u2019t.<\/p>\n

Why Pricing Your House at Market Value Matters<\/strong><\/h4>\n

The price you set for your house sends a message to potential buyers. If you price it too high, you run the risk of deterring buyers. <\/strong><\/p>\n

When that happens, you may have to lower the price to try to reignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag for some buyers who will wonder what that means about the home or if in fact it\u2019s still overpriced.\u00a0Some sellers aren\u2019t adjusting their expectations to today\u2019s market, and realtor.com<\/em> explains<\/a> the impact that\u2019s having:<\/p>\n

\n

\u201c. . . the share of listings with a price cut was nearly double its year ago level even as it remains well below pre-pandemic levels.\u201d<\/em><\/p>\n<\/blockquote>\n

To avoid the headache of having to lower your price, you\u2019ll want to price it right from the onset. A real estate advisor<\/a> knows how to determine that perfect asking price. To find the right price, they balance the value of homes in your neighborhood, current market trends and buyer demand, the condition of your house, and more.<\/p>\n

Not to mention, pricing your house fairly based on market conditions increases the chance you\u2019ll have more buyers who are interested in purchasing it. This helps lead to stronger offers and a greater likelihood it\u2019ll sell quickly.<\/p>\n

Why You Still Have an Opportunity When You Sell Today<\/strong><\/h4>\n

Rest assured, it\u2019s still a sellers\u2019 market<\/a>, and you\u2019ll still get great benefits if you plan accordingly and work with an agent to set your price at the current market value. As Lawrence Yun, Chief Economist at the National Association of Realtors<\/em> (NAR), says:<\/p>\n

\n

\u201cHomes priced right are selling very quickly<\/strong>, but homes priced too high are deterring prospective buyers.\u201d<\/em><\/p>\n<\/blockquote>\n

Mike Simonsen, the Founder and CEO of Altos Research,<\/em> also notes<\/a>:<\/p>\n

\n

\u201cW<\/em>e can see that demand is still there for the homes that are priced properly<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

Home priced right are selling quickly in today\u2019s real estate market. Let’s connect to make sure you price your house based on current market conditions so you can maximize your sales potential and minimize your hassle in a shifting market.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you\u2019re thinking of selling your house? 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