Unlike last year when sellers can aggressively put a price on their houses and still come up successful in selling, this year will be slightly challenging. More inventory means more option for the buyers and they almost always certainly look at the price first.
As we have explained before, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!
Over the last six months, more inventory has come to market while the months' supply of inventory available has dropped. This means that the demand for homes to buy is still very strong throughout the country!
Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes when in reality nothing was wrong, the price was just too high!
If you are thinking about listing your home for sale this year, make sure you have a real estate professional on your side to help you properly price your home from the start!