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Why It’s Important to Price Your House Right Today

Why It's Important to Price Your House Right Today | MyKCM

Even in today’s sellers’ market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for realtor.com, notes:

We expect price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the year.

How to Price Your House

When it comes to setting the right price for your house, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized and more buyers want to take a look.

As a seller in today’s market, you might be thinking about pricing your house on the high end while so many of today’s buyers are searching harder than ever just to find a home to purchase. But here’s the thing – a high price tag does not mean you’re going to cash in big on the sale. It’s actually more likely to deter buyers.

Why It's Important to Price Your House Right Today | MyKCM

Right now, even when there are so few houses for sale, your house is more likely to sit on the market longer or require a price drop that can send buyers running if it isn’t priced just right from the very beginning.It’s important to make sure your house is priced correctly by working with a trusted real estate professional throughout the process. When you price it competitively from the start, you won’t be negotiating with one buyer. Instead, you’ll likely have multiple buyers competing for the house, potentially increasing the final sale price.

The key is to make sure your house is priced to sell immediately. This way, it will be seen by the greatest number of buyers. More than one of them may be interested, and it will be more likely to sell at a competitive price.

Bottom Line

Let’s connect to price your house correctly from the start so you can maximize your exposure and your return.

By Quality Home Developers-David Michael

Taking the real estate market by storm, I graduated with a Masters of Business Administration (MBA) in Finance from Nova Southeastern University. I own a real estate development company, which specializes in building new construction homes, as well as purchasing and rehabbing distressed properties.
As a developer, I am involved in every stage of the project including acquisition. My team understands the importance of finishing every house completely so my clients move in without worrying more than they already have during the closing process. There is no substitution for quality. I want to ensure that my quality made homes are handed over with in perfection to my clients.
In my first year as a Realtor, I succeeded in producing, transactions valued over 4.8 million dollars. In 2016, I went on to obtain the Short Sales and Foreclosures Resource certification (SFR). I have received the top ten highest grossing realtor every year since I started with Coldwell Banker. Recently, I obtained my Accredited Buyers Representative (ABR) and Senior Real Estate Specialist (SRES) designations. To better provide service my clientele I obtained my Pricing Strategy Advisor Certification which further enhances my skill of pricing properties whether as a Realtor or a developer..
As a result of my experience as a developer and Realtor, I am able to tend and pay attention to the details of the buying and selling process. My designations provide me the curated ability to service my buyer and sellers on a superior level.
Because I treat every client with dedication and enthusiasm, I continue to be an distinguished developer and accomplished agent with many satisfied buyers and sellers. I leave no stone unturned in ensuring the most thorough real estate transaction process for my clients.

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