How Should You Price Your Home?

Today I wanted to share the importance of pricing your home correctly when you’re selling. It has been especially tough in Sacramento since the last big economic downturn where some neighborhoods lost 50-55% of their value and prices were flat for 2-3 years and declining slightly.

However, in the spring of 2012, we given 15-18 months of huge price appreciation. Once that happened, it gave people the confidence to re-enter the market. When interest rates rose in the early summer of 2013 and that caused confusion in both buyers and sellers. The past six months has given us triple the inventory and prices began to stabilize with homes sitting on the market for a longer period of time. Lenders were also seeing that homes were being appraised $10,000-15,000 less than what the buyer was offering.

If you want the right kind of approach, buying or selling, to price the home correctly or make the correct offer, we can share this strategy with you. Thanks for your time and have a great day!