Where to position your home in the market for the greatest success

Dated: 10/04/2019

Views: 101

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

Currently, more houses are going on the market than in past years. The backlog of buyers are entering the market, so setting a considered price for your house is one of the most important things you can do to sell your house quickly and for the highest possible price.

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

With prices slowing from their previous pace, homeowners must realize that the strategy of pricing their homes higher than market value to allow for negotiation will result in dramatically decreasing the pool of buyers who will see their house (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 at a true market value or Priced To Sell Immediately (PTSI). This way, your home will be seen by the most potential buyers. It will sell at the best price ahead of the competition comes to the market.

In Short

If you are thinking about putting your house on the market, let’s schedule a time to discuss how to price your home for the best position in the market and get the greatest number of possible buyers to see it. #Washington Quality Homes #SemankoRealtyGroup

Blog author image

Andrea Semanko

As a northwest native, I have a great understanding of Skagit, Island and Snohomish Counties as to their character and growth potential. Drawing on my personal knowledge of schools, recreational facil....

Latest Blog Posts

Why You Need a More than a Guide, You Need a Real Estate Sherpa

In any real estate transaction, regardless of whether you are buying or selling a home, you need an experienced professional to help you navigate the process. You need someone you can call on who

Read More

The Question to Buy Now or Wait Until Next Year to Buy a House

You can identify the “cost of waiting to buy” by determining the additional funds you will need to buy a home if interest rates and home prices continue to increase over time.Freddie Mac

Read More

October 2019 By the Numbers

This just in- National Housing Market Numbers! If you think it might be a good time to make a move, let's get together to talk about what the numbers look like on a local level!

Read More

The Next Generation of Home Buyers: Gen Z

So much has been written about Millennials, but what about Gen Z? Simple math tells us that in the next 5 years, this generation will be between the ages of 23 and 28.  They are interested in

Read More