Does Price Matter To Get Your Home Sold

Dated: 02/12/2020

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Does Price Matter To Get Your Home Sold???

Recap of our Blogs Posts:

A majority of the country's Real Estate Markets are experiencing a Seller's Market. The 

Market is measured by Supply vs. Demand. Around the country, many cities lack 

housing inventory. Homebuyers are battling a housing shortage as newly listed homes 

are going under contract within days. Many homebuyers are experiencing bidding wars 

(or several) when making offers on properties. 


What does this mean for Homeowners?

Does that mean homeowners should inflate the price of their home, to capitalize on 

the market conditions? 

In a Nutshell: NO!


Why?

When it comes to pricing your home, setting it at or slightly below market value will increase the visibility of your listing and drive more buyers your way!  This 

strategy actually increases the number of buyers who will see your home in their search process.  When potential buyers look at your listing and see a great price 

for a fantastic home, they’re probably going to want to take a closer look. This means more buyers  are going to be excited about your house and more apt to make an 

offer. When this happens, you’re more likely to set up a scenario with multiple offers, potential bidding wars, and the ability to drive a higher final sale price. At

the end of the day, even when inventory is tight, pricing it right – or pricing it to sell immediately – makes a big difference.

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Here’s the other thing: Homeowners who make the mistake of overpricing their homes will eventually have to lower the prices anyway after they sit 

on the market for an extended period of time. This leaves buyers wondering if the price drops were caused by something wrong with these homes when 

in reality, nothing was wrong, the initial prices were just too high.

Bottom Line

Relatively speaking, 2020 might be the best time to put your house on the market. Contact Team Caropreso today so you have an experienced Team on 

your side to help you properly price your home and maximize homebuyer demand from the start!

Contact Us



 

Blog author image

Vincent Caropreso

Being the CEO and Team Leader of Team Caropreso, Vince specializes in Listings, Marketing, REO/Foreclosures,Short Sales and working with Investors. With 19 years of experience and selling over 700 hom....

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