Why Your Asking Price Matters Even More Right Now

Niecie Draper
Published on July 9, 2024

Why Your Asking Price Matters Even More Right Now

If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing.

While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers have more options and your house may not stand out as much, if it’s not priced right.

Those two factors combined are why the asking price you set for your house is more important today than it has been in recent years.

And some sellers are finding that out the hard way. That’s leading to more price reductions. That’s because they haven’t adjusted their expectations to today’s market.

If you want to avoid making a pricing mistake that could turn away buyers and delay your sale, you need to work with an agent who really knows your local market. If you lean on the right agent, they’ll help you avoid making mistakes like:

• Setting a Price That’s Too High.

• Not Considering What Houses Are Actually Selling for.

• Overestimating Home Improvements.

• Ignoring Feedback and Market Response.

In the end, accurate pricing depends on current market conditions – and only an agent has all the data and information necessary to find the right price for your house. The right asking price is even more important today than it’s been over the last few years. To avoid making a costly mistake, let’s work together.

#sellyourhouse #moveuphome #keepingcurrentmatters

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