Why It’s Important to Price Your House Right Today

By
Real Estate Agent with REMAX Realty Group Lic. # SL3154233

Even in today’s sellers’ 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 by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for realtor.com, notes:

“We expect price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the year.”

Even in today’s sellers’ 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 by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for realtor.com, notes:

“We expect price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the year.”

It’s important to make sure your house is priced correctly by working with a trusted real estate professional throughout the process. When you price it competitively from the start, you won’t be negotiating with one buyer. Instead, you’ll likely have multiple buyers competing for the house, potentially increasing the final sale price.

The key is to make sure your house is priced to sell immediately. This way, it will be seen by the greatest number of buyers. More than one of them may be interested, and it will be more likely to sell at a competitive price.

Bottom Line

Reach out to a local real estate professional: Abby Stiller to price your house correctly from the start so you can maximize your exposure and your return.

 

Posted by

 

Abby Stiller 

Realtor® Lic. #3154233    

14 Years of Experience

RE/MAX Realty Group    Cape Coral Fort Myers Naples  Realtor Cape Coral      

 

I help Home buyers find their dream home & Homeowners sell for more. Thinking of buying or selling? Call/Text me: 239-284-8637   Your Honest & Dedicated Realtor!

or visit: www.TeamStiller.com

 

Home Buyers Specialist     Veteran specialist  Foreclosure short sale specialist

 

Comments (11)

Brad Thomsen
Big Bear Realty - Edmonds, WA
Real Estate Services

Glad to see this post.

Best wishes in 2021

Happy Selling!

Jan 02, 2021 06:13 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Abby this post should be given to every seller that is thinking of starting High on the List Price, Endre

Jan 02, 2021 08:55 PM
Michael Wayne Jackson
Coldwell Banker - Novato, CA
Broker - Seniors Real Estate Specialist Novato

This will always be relevant in any market. Thank you for sharing. 

Jan 02, 2021 09:31 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Jan 03, 2021 03:18 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Abby. As they say you only get one chance to make a first impression. Maje it count! Enjoy your day.

Jan 03, 2021 05:34 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I just saw an example of this yesterday, a home priced too high and it is just sitting on the market when everything around it is selling.

Jan 03, 2021 05:42 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Abby Stiller I'm of the opinion that it doesn't matter what type of market an agent is working through, it's ALL ABOUT THE PRICE.... buyers know what homes are worth from seeing the marketplace.... sellers must listen to their listing agents for guidance....

Jan 03, 2021 06:43 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning and great point Abby Stiller the way you price your home can make you or cost you thousands of dollars. Sellers need to call a professional like yourself.

Jan 03, 2021 08:41 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Abby, what a great post today!   If you don't price it right, then you could have appraisal issues, and getting closer to closing, with not as many options!  

Jan 03, 2021 09:44 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Our Market is being driven by scarcity in most Price Points . Multi offers and above List Price !

Jan 03, 2021 11:16 AM
Jerry Pinkas 843-839-9870 HOMEGUIDEMYRTLEBEACH.COM
Jerry Pinkas Real Estate Experts - Myrtle Beach, SC
Myrtle Beach Condos, Homes and Properties for Sale

Pricing it right the first time and making it count, is what ultimatly makes things happen. Thanks

Jan 03, 2021 12:26 PM