Is Your House “Priced to Sell Immediately”?

Dated: September 23 2019

Views: 29

Is Your House “Priced to Sell Immediately”? | MyKCM

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do.

According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 3.6% over the last 12 months. By this time next year, CoreLogic predicts home values will be 5.4% higher.

With prices slowing from their previous pace, homeowners must realize that pricing their homes a little over market value to leave room for negotiation will actually dramatically decrease the number of buyers who will see their listing (see the chart below).Is Your House “Priced to Sell Immediately”? | MyKCMInstead of the seller trying to ‘win’ the negotiation with one buyer, they should price their house so demand for the home is maximized. By doing so, the seller will not be negotiating with a buyer over the price, but will instead have multiple buyers competing with each other over the house.

The secret is making sure your house is Priced To Sell Immediately (PTSI). That way, your home will be seen by the most potential buyers. It will sell at a great price before more competition comes to the market.

Bottom Line

If you’re debating listing your house for sale, let’s get together to discuss how to price your home appropriately and maximize your exposure.

Blog author image

Eduardo Marines

EDUARDO MARINES (Associate Broker) As a real estate professional, I specialize in selling residential properties. I'm fluent in Spanish and I have over two decades of experience in real estate and rel....

Latest Blog Posts

Buying a Home May Make More Financial Sense Than Renting One

Buying a Home May Make More Financial Sense Than Renting OneIf rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider

Read More

Why Are People Moving Today?

Why Are People Moving Today?Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you&rsquo

Read More

What’s Causing Ongoing Home Price Appreciation?

What’s Causing Ongoing Home Price Appreciation?If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest

Read More

Great News About Housing Inventory

Great News About Housing Inventory Some HighlightsExperts say the number of homes for sale is growing this year, and that can have a big impact on your move.If you’re planning

Read More