The real estate market has definitely had some large ups and downs in 2023.
It has been a strong Seller Market, which means the process of buying real estate favors mainly the Seller. It is commonly characterized by the low inventory of housing which often allows sellers to raise their prices since Buyers are competing against other home Buyers.
We are seeing another strategy in the market. Sellers are listing their home below market value hoping for a bidding war. Is this a good strategy?
There are great reasons to strategically price your home listing, but not to artificially try for a bidding war. Artificially pricing low is not a good gamble. Homes that are priced correctly are the best option for getting the best price.
Real estate is not a game, work with an agent that can help you be strategic and accurate.
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