Everyone knows that when you move, you want to sell your house for the highest price possible. We have witnessed record high prices, low inventory and high buyer demand. Many homes are selling over asking price. Data from the National Association of Realtors (NAR) shows 46% of homes are selling above list price today.
So, in this "hot" seller's market, why would anyone choose to work with a Realtor?
Some sellers think that they should over price their home and get as much money as they possibly can. It is important to understand that pricing your home correctly in this market, is just as crutial now as when we are not in a Seller's market. Why? The price you put on your home is sending a message to prospective buyers. If you price it under the market, buyers may think something is wrong with the property. If you price it too high, you also send a message to buyers who may think you are simply trying to take advantage of them, In addition, you may have to drop the price if the home sits on the market with no offers.
When I work with Seller's in pricing their home, I think it is important to price is at market value. Even when we are in a Seller's market, you would still likely attract multiple offers and the result would be offers above the listing price.
This is why it is important to hire a Real Estate advisor who is knowledgeable about the values in your neighborhood, how your home compares to others for sale ie: the condition, etc., and the demand for your house.
As a Realtor who has worked in the San Diego market for over 20 years, it would be my pleasure to provide you with an evaluation of your home. Feel free to call or email me. CHEERS!!
Iris. 858.945.8198 or email me at iris@irishirsch.com
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