Pricing Your Home in Today’s Market

There are three key things to consider when pricing your home today.

So you’re selling your home: How do you price it in today’s market? That is the question of the hour right now. Even we agents are asking that question. Here are some things to consider when pricing your home in today’s correcting market.

1. Don’t price your home too high. Over the past couple of years, it felt like we were getting away with murder as sellers. We could price our home however we wanted to. Today, though, it is crucial that our pricing isn’t too high. That’s where your agent will be spending a lot of their time.

2. Price under the market. You want to be just under the target price to attract more buyers and get bid up to where you ought to be. If buyers perceive that the home is going for a good deal, they’re more motivated to bid on it quickly out of fear of missing out.

“It felt like we were getting away with murder as sellers."

3. Work with a professional. You need an agent who really understands that the market has changed. When agents and appraisers are looking at the value of a home, they’re only looking back around two months because that’s when the market began to shift. While it’s tempting to look at homes that sold a year ago for comparison, it’s just not an accurate way to get a price.

At the Charlotte Mabry team, we’ve got the professionals for you to partner with to get top dollar for your home in this shifting market environment. Please reach out to us via email, and we’ll help you get your home sold for the most money and in the quickest time possible. Make it an awesome day.