{"id":1159,"date":"2020-10-05T13:34:19","date_gmt":"2020-10-05T13:34:19","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1159"},"modified":"2020-10-05T13:34:19","modified_gmt":"2020-10-05T13:34:19","slug":"pricing-house-right-essential","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/pricing-house-right-essential\/","title":{"rendered":"Why Pricing Your House Right Is Essential"},"content":{"rendered":"
\"\"

Why Pricing Your House Right Is Essential<\/p><\/div>\n

In today\u2019s real estate market, pricing your house right is one of the most valuable things you can do.<\/p>\n

According to the\u00a0U.S. Economic Outlook<\/a>\u00a0by the\u00a0National Association of Realtors<\/em>\u00a0(NAR), existing home prices nationwide are forecasted to\u00a0increase 4.7% in 2020<\/strong>\u00a0and\u00a04.1% in 2021<\/strong>. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale,\u00a0Chief Economist<\/em>\u00a0at\u00a0realtor.com<\/em>,\u00a0notes<\/a>:<\/p>\n

\u201cLooking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices\u2013which are now growing at the highest pace since January 2018\u2013makes sense.\u201d<\/em><\/p><\/blockquote>\n

When it comes to pricing your home, 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\u00a0demand is maximized<\/strong>\u00a0and more buyers want to take a look.<\/p>\n

How to Price Your Home<\/strong><\/h4>\n

As a seller, you might be thinking about pricing your house on the high end while so many of today\u2019s buyers are\u00a0searching<\/a>\u00a0harder than ever just to find a home to purchase. You\u2019re thinking, higher price, greater profit, right? But here\u2019s the thing \u2013 a high price tag does not mean you\u2019re going to cash in big on the sale. It\u2019s actually more likely to\u00a0deter buyers\u00a0<\/strong>and have them looking at the houses your neighbors are selling instead.<\/p>\n

Even today, when the advantage tips toward sellers because 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 in the other direction if it isn\u2019t priced just right.<\/p>\n

\"\"

How to Price your Home<\/p><\/div>\n

A Trusted Real Estate Professional Will Help<\/strong><\/h4>\n

It\u2019s important to make sure your house is priced correctly by working in partnership with a trusted real estate professional. When you price it competitively, you won\u2019t be negotiating with one buyer over the price. Instead, you\u2019ll have multiple buyers\u00a0competing<\/a>\u00a0for the home, and that\u2019s what ultimately increases the final sale price.<\/p>\n

The key is making sure your house is priced to sell immediately. That way, it will be seen by the most buyers. More than one of them may be interested, and your house will be more likely to sell at a competitive price.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re thinking about listing your house this fall, let\u2019s discuss how to price it right so you can maximize your exposure and your return.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

When it comes to pricing your home, the goal is to increase visibility and drive more buyers your way. Finish Reading Why Pricing Your House Right Is Essential<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[18,27,49,42,40,105,256,20,12,48,13,28,54,47,19,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1159"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1159"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1159\/revisions"}],"predecessor-version":[{"id":1162,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1159\/revisions\/1162"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}