Pricing Your Home in a Seller’s Market
Filed under Selling a home on Dec 02,2020 | Tagged in: Home selling, home selling tips, sellers market, selling a home
Putting your home up for sale during today’s seller’s market could give you a real advantage in pricing. But, before visions of big profits begin dancing in your head, be sure to understand how pricing strategies can affect your end result.
Some seller’s see a seller’s market as an opportunity to set the bar high with their list price. Others decide to go with a lower price with hopes of generating a bidding war. Realtor.com offers this helpful article that discusses the pros and cons of each approach. If you’ve decided to go high with your asking price, but offers are not coming in, you may need to adjust your price. Erik J. Martin, writing for the Philadelphia Inquirer offers insight into why your home isn’t selling, how to know if the problem is the price, and what steps you might take in reducing the price.
Of course, your best course of action is to list your home with a real estate professional with years of experience in pricing strategies. In the Montgomery County area, all roads lead to Vanguard Realty Associates, a firm known for providing priceless service and expertise.