Find The Balance Between Optimistic And Realistic Home Pricing


Find The Balance Between Optimistic And Realistic Home Pricing
By Scott Rogers • November 14, 2024
For much of the past few years, being optimistic and being realistic about pricing your home were one and the same. The last similar home sold for $450K? Let's price your home at $475K. Three offers within days. Yahoo! But now, higher mortgage interest rates are pricing some buyers out of the market - which makes it ever more important for home sellers to find the balance between being optimistic and realistic when pricing their home. The last similar home sold for $450K? Perhaps we price your home at $449,500. A competing home has been on the market for 60 days priced at $455,000? Perhaps we price your home at $445,000. We can't just throw any price on your home and hope for the best -- we must do a careful analysis of the market, including past sales and current competing listings before determining a final pricing strategy for your home. Receive Updates by Email Recent Articles: Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer We Will Likely See Fewer New Listings Over The Next Few Months
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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