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Writer's pictureKeichel Lewter

Price Your Home To Sell

There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR):

  • Homes typically sell within 17 days (compared to 26 days one year ago).

  • The average home sold has five offers to pick from.

  • 54% of offers are over the asking price.

Because so many buyers are competing for so few homes, bidding wars are driving up home prices. According to an average of leading expert projections, existing home prices are expected to increase by 8.9% this year.


Why Pricing Your House Right Matters Here’s the thing – a high price tag doesn’t mean you’re going to cash in big on the sale. While you may be trying to maximize your return, the tradeoff may be steep. A high list price is more likely to deter buyers, sit on the market longer, or require a price drop that can raise questions among prospective buyers. Instead, focus on setting a price that’s fair. Real estate professionals know the value of your home. By pricing your house based on its current condition and similar homes that have recently sold in your area, your agent can help you set a price that’s realistic and obtainable – and that’s good news for you and for buyers. When you price your house right, you increase your home’s visibility, which drives more buyers to your front door. The more buyers that tour your home, the more likely you’ll have a multi-offer scenario to create a bidding war. When multiple buyers compete for your house, that sets you up for a bigger win. When it comes to pricing your house, working with a local real estate professional is essential. Make sure you have an expert on your side so you can optimize your exposure, your timeline, and the return on your investment, too.


✨Follow me at @BuyMaryland for education and resources or simply hit the link to request more information. Need a realtor? Contact me! See the link in my bio or you can call or text me 410.701.0802 📲


Keichel Lewter, Realtor ✨

Mims Realty Group 410.925.9554

Email Keichel@mimsrealtygroup.com

www.BuyMarylandRE.com #BuyMaryland


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