What to consider when pricing in a seller's market

Real Estate

 Every approach has its pros and cons; here’s how to determine the best one for you.

Listing at market value: You’ll be in a good position to get a full-price offer quickly.

Listing high: You limit yourself to cash-only buyers. If you find a buyer that’s willing to pay you $375,000 for a $350,000 house, a lender may not loan that much money leaving your house to sit longer than average. A house that sits for too long can become stigmatized and miss potential buyers.

Listing low: You may entice more interest and multiple offers, however this strategy may backfire if you receive only one offer for asking price or less.

What’s your home worth? Call for a free analysis today! It’s good to know your home’s value even if you’re not planning to sell until next year.