Pricing Your House Right Matters in This Market

The real estate market might not be as crazy as the 'unicorn' years, but it's still moving pretty fast. Homes that are priced right are getting snatched up quickly, and there are even multiple offers on some of them. The reason is simple: there just aren't enough homes for sale right now. According to the National Association of Realtors (NAR), a whopping 76% of homes are sold within a month, and on average, they receive 3.5 offers in June.

To get in on the action and maximize your chances of success, a skilled agent can be of help. We are the experts when it comes to finding the perfect asking price for your house because setting the right price is crucial.

If you lowball the price, potential buyers might get suspicious about your home's condition, or worse, think something's wrong with it. Not to mention, you'd be leaving money on the table, and that won't do any good for your future buying power.

On the flip side, if you set the price too high, you risk scaring off buyers even before they see your place. And if your house sits on the market for too long, you might have to do a price drop to reignite interest. But beware, that can be seen as a red flag by some buyers who might wonder why the price was slashed.

As NerdWallet puts it, "Your house’s market debut is your first chance to attract a buyer and it’s important to get the pricing right. If your home is overpriced, you run the risk of buyers not seeing the listing . . . But price your house too low and you could end up leaving some serious money on the table. A bargain-basement price could also turn some buyers away, as they may wonder if there are any underlying problems with the house."

Aim for the sweet spot, not too high, not too low – just right at market value.

When you price your home fairly based on the current market conditions, it increases the likelihood of attracting more interested buyers, which, in turn, can lead to multiple offers and a quicker sale.

That's why having a real estate agent by your side is vital. We have the knowledge and insight to find the true market value of your home. We'll take into account the prices of recently sold homes, the current market conditions, the size and condition of your house, and its location to come up with a realistic listing price.

So, don't leave pricing your house to guesswork. It's time to connect with a pro to make sure your house is priced just right for today's market.

Graham Team Real Estate • (702) 930-9551 • Team@grahamteamnv.com

Instagram | Facebook | YouTube | LinkedIn | TikTok

980 American Pacific Dr. Ste. 111 Henderson, NV 89014