High mortgage rates, falling demand, low inventory—we're heading into a spring selling season unlike any other. Here's how to lock in a pricing strategy before listing your home on the market.
From researching comps to understanding current market conditions, the steps you can take to determine the best asking price for your homeTap storyAccording to Zillow, 84% of those who sold a home for the first time between late 2020 and 2022 wish they did something differently.Understanding the market to get the most optimal price is a common challenge.
Figuring out a timeline, as well as how you will invest that money is a crucial first step in the sale process.“This is a market where you really want a pro,” says Amanda Pendleton, a home trends expert at Zillow. Hire a professional who’s deeply experienced in your local market and has sold similar properties to your own.
You should consider rates, which change week to week, when coming up with your asking price, and how they’re affecting demand in your area.You want the best possible price for your home–but pricing it too high could lead to a slower sale and price cuts. If it's under $1 million, she suggests pricing about $25,000 lower than the perceived market value, while higher price points round down $50,000 to $100,000.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
High winds whip up dust in Utah, causing high pollution levelsThe hourly pollution reading in Tooele County as of 4 p.m. Tuesday showed values of 38.1 micrograms per cubic meter, while an hour earlier it was hovering in the high 50s. The federal threshold is 35 micrograms per cubic meter.
Read more »
N.J. high school musical spotlight: High Point Regional presents ‘Something Rotten’When High Point Theatre produces high school plays and musicals, it’s a family affair. Check out the photos!
Read more »
OWC Reveals High-End Video Storage Solution At NAB 2023 And New High-Speed Card ReadersThe bottleneck in video and photo creation is often getting digital files from camera to computer. Mac specialist OWC announced new card readers and storage solutions at NAB 2023
Read more »
UBS names the global stocks to buy amid sluggish growth and sky-high inflationThe Swiss investment bank took a look at market history to identify stocks that could beat the market in a period of sluggish growth and sky-high inflation.
Read more »
LIVE STOCK MARKET UPDATES: SpaceX launch, Blackstone earnings, mortgage ratesInitial jobless claims and earnings from Alaska Air Group are also on the docket. American Express will also report earnings. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »