According to the National Association of Realtor’s most current Existing Home Sales Report, the housing inventory is at a 3.6-month supply. For the market to be considered healthy, it needs to
2 Tips To Getting The Most Value Out Of Your Home
1- Price it Lower than the Market Value
This seems like the opposite of what you think you should do, but it can in fact have a positive outcome on visibility. When pricing your house, this is what happens:
The lower you price it, the more visibility which, in turn, makes buyers fight for you, rather than you fighting with a buyer, over price!
Realtor.com agrees, giving this advice to the seller: “Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly under priced, especially in areas with low inventory.”
2- Utilize a Professional
While the Real Estate professional will take some money for commission, research from the National Association of Realtors states that “homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”
Following these two steps will lead you to getting the most value out of your home.
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....