Is Waiting It Out for a Higher Offer the Best Selling Strategy?
A growing number of home sellers are considering a strategy of patience and holding out for what they believe is the ideal selling price for their home. But waiting for the buyer to come along with that desired amount of money could leave you waiting for quite a long time.
Is Waiting It Out for a Higher Offer the Best Selling Strategy?
An increasing number of homeowners are setting their list price above market value. Real estate experts speculate that buyers are used to the huge value increases of previous years and are not realizing that the price growth is not increasing in the current real estate market.
The average list price of homes across the country has remained steady over the last few years. This is a huge shift from when inventory was scarce from 2020 to 2022. At that time, sellers were easily selling homes above market value. But currently, the inventory of homes is growing, and home values are neither increasing nor declining in most markets. Once again, pointing to why it is so incredibly important to set your list price at the correct fair market value from the very beginning of listing your home for sale.
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