In today’s sellers’ market, selling your home at the right price is one of the most important things you can do. According to the U.S. Economic Outlook, existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means home values will continue climbing next year.
Danielle Hale, Chief Economist for realtor.com stated, “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.”
Selling Your Home in Today’s Market
When it comes to listing your home at the right price, 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, so more buyers will want to take a look at the home for sale.
As a seller in today’s market, you might be thinking about pricing your home on the high end while so many of today’s buyers are searching the listings more than ever just to find a home to purchase. A higher-priced home does not mean you’re going to make a lot more money on the sale of the home. It’s actually more likely to deter buyers from looking at your home.
In the first quarter of 2021, even when there are so few houses for sale, your home is more likely to sit on the market longer or require a price drop that can send buyers running if it isn’t priced just right from the very beginning.
It is important to make sure your home is priced correctly by working with a professional real estate agent throughout the selling process. When you price your home competitively from the beginning, you won’t be negotiating with one buyer. Instead, you will likely have multiple buyers competing for the home, potentially increasing the final sale price.
The key to selling a home in today’s market is to make sure your house is priced to sell immediately. This way, you will have more prospective buyers. When you have multiple people interested in purchasing your home, it will be more likely that you will sell it at a competitive price.
Reliable Downers Grove Real Estate Company
When you are selling your home and need to find a reliable and professional real estate company, contact Wenzel Select Properties. Our Real Estate Brokers are experienced, dependable, and will assist you with all your home selling needs, and help you price your house correctly from the start so you can maximize your exposure and your return. Contact Wenzel Select Properties by email or by phone at (630) 430-4790. We are located in the heart of downtown Downers Grove. You can visit our real estate office at 4941 Main Street in Downers Grove, Illinois.