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Why Its Important to Price Your House Right Today

Even in todays sellers market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for, notes:

We expect price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the year.

How to Price Your House

When it comes to setting the right price for your house, 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 demand is maximized and more buyers want to take a look.

As a seller in todays market, you might be thinking about pricing your house on the high end while so many of todays buyers are searching harder than ever just to find a home to purchase. But heres the thing a high price tag does not mean youre going to cash in big on the sale. Its actually more likely to deter buyers.

Why Its Important to Price Your House Right Today | MyKCM

Right now, even when 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. Price your home correctly from the beginning by working with a trusted real estate professional throughout the process. When you price it competitively from the start, you wont be negotiating with one buyer. Instead, youll likely have multiple buyerscompetingfor the house, potentially increasing the final sale price.

Pricing your home to sell immediately is the key. This is how it will be seen by the greatest number of buyers. With more buyers in the mix, it will be more likely to sell at a competitive price.

Bottom Line

Let's connect to price your house correctly from the start so you can maximize your exposure and your return.

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