{"id":7567,"date":"2021-07-08T10:00:46","date_gmt":"2021-07-08T10:00:46","guid":{"rendered":"https:\/\/thezakariagroup.com\/selling-your-house-make-sure-you-price-it-right\/"},"modified":"2021-07-08T10:00:46","modified_gmt":"2021-07-08T10:00:46","slug":"selling-your-house-make-sure-you-price-it-right","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/selling-your-house-make-sure-you-price-it-right\/","title":{"rendered":"Selling Your House? Make Sure You Price It Right."},"content":{"rendered":"<div>\n<p><img decoding=\"async\" width=\"358\" src=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134845\/20210708-KCM-Share-549x300.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Selling Your House? Make Sure You Price It Right. | Simplifying the Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" srcset=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134845\/20210708-KCM-Share-549x300.jpg 549w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134845\/20210708-KCM-Share.jpg 750w\" sizes=\"(max-width: 549px) 100vw, 549px\"><\/p>\n<p>There\u2019s no denying we\u2019re in a <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/06\/16\/dont-wait-to-sell-your-house\/\">sellers\u2019 market<\/a>. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest <a href=\"https:\/\/cdn.nar.realtor\/sites\/default\/files\/documents\/2021-05-realtors-confidence-index-06-22-2021.pdf\"><em>Realtors Confidence Index Survey<\/em><\/a> from the <em>National Association of<\/em> <em>Realtors<\/em> (NAR):<span id=\"more-44693\"><\/span><\/p>\n<ul>\n<li><strong>Homes typically sell within<\/strong> <strong>17 days<\/strong> (compared to 26 days one year ago).<\/li>\n<li>The average home sold has <strong>five offers to pick from<\/strong>.<\/li>\n<li><strong>54% of offers are over the asking price<\/strong>.<\/li>\n<\/ul>\n<p>Because so many buyers are competing for so few homes, bidding wars are driving up <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/07\/06\/a-look-at-home-price-appreciation-through-2025\/\">home prices<\/a>. According to an average of leading expert projections, <strong>existing home prices are expected to increase by <\/strong><a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/06\/30\/what-do-experts-see-on-the-horizon-for-the-second-half-of-the-year\/\"><strong>8.9%<\/strong><\/a><strong> this year.<\/strong><\/p>\n<p>Yet even in today\u2019s red-hot sellers\u2019 market, it\u2019s important to price your house right. While it may be tempting to price your house on the high side to capitalize on this trend, doing so could limit your house\u2019s potential.<\/p>\n<h4><strong>Why Pricing Your House Right Matters<\/strong><\/h4>\n<p>Here\u2019s the thing \u2013 a high price tag doesn\u2019t mean you\u2019re going to cash in big on <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/05\/24\/3-things-to-prioritize-when-selling-your-house\/\">the sale.<\/a> While you may be trying to maximize your return, the tradeoff may be steep. A high list price is more likely to deter buyers, sit on the market longer, or require a price drop that can raise questions among prospective buyers.<\/p>\n<p>Instead, focus on setting a price that\u2019s fair. <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/06\/14\/the-right-expert-will-guide-you-through-this-unprecedented-market\/\">Real estate professionals<\/a> know the value of your home. By pricing your house based on its current condition and similar homes that have recently sold in your area, your agent can help you set a price that\u2019s realistic and obtainable \u2013 and that\u2019s good news for you and for buyers.<a href=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134847\/20210708-MEM-Eng-1.png\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-44695\" src=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134847\/20210708-MEM-Eng-1.png\" alt=\"Selling Your House? Make Sure You Price It Right. | Simplifying the Market\" width=\"650\" height=\"232\" srcset=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134847\/20210708-MEM-Eng-1.png 2459w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134847\/20210708-MEM-Eng-1-600x214.png 600w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134847\/20210708-MEM-Eng-1-1024x366.png 1024w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134847\/20210708-MEM-Eng-1-1536x549.png 1536w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/07\/07134847\/20210708-MEM-Eng-1-2048x732.png 2048w\" sizes=\"(max-width: 650px) 100vw, 650px\"><\/a>When you price your house right, you increase your home\u2019s visibility, which drives more buyers to your front door. The more buyers that tour your home, the more likely you\u2019ll have a multi-offer scenario to create a bidding war. When multiple buyers compete for your house, that sets you up for a bigger win.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>When it comes to pricing your house, working with a local real estate professional is essential. Let\u2019s connect so we can optimize your exposure, your timeline, and the return on your investment, too.<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s no denying we\u2019re in a sellers\u2019 market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR): Homes typically sell within 17 days (compared to 26 days one year ago). [&hellip;]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,108,884],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Selling Your House? 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