So, even though it's not as crazy as it was during the "unicorn" years, homes that are priced correctly are still flying off the market and getting several offers. Do you know why? Well, it's because there just aren't enough houses up for sale at the moment. According to the National Association of Realtors (NAR), a whopping 76% of homes were snatched up within a month, and on average, these homes received 3.5 offers just in June. Can you believe that? It's definitely a competitive market out there!

If you want to make sure you get all the benefits I just mentioned, you're going to need to trust a real estate agent. They're the experts who can figure out the perfect asking price for your house. And let me tell you, if that price isn't spot-on for the current market value, you could be in for some serious consequences.

The price you set for your house sends a message to potential buyers.

If you set the price too low, people might wonder if there's something wrong with your house or if it's not in good condition. And on top of that, undervaluing it means you're leaving money on the table and that could affect your future buying options.

On the flip side, if you put a really high price on it, you might scare off potential buyers before they even come to check it out. And if that happens, you might have to lower the price later on to try and get people interested again. But just so you know, lowering the price can make some buyers suspicious and wonder why it was reduced and if there's something wrong with the house.

““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.””

— NerdWallet

When it comes to pricing your home, think of it like aiming at a target. Your objective is to hit the bullseye - not too high, not too low, but right in the middle where the market value is.

When you price your house fairly according to the market conditions, it boosts your chances of attracting more buyers who are interested in buying it. This, in turn, increases the likelihood of receiving multiple offers. And the cherry on top is that when homes are priced accurately, they usually sell fast!

If you're curious about the possible drawbacks of setting the price for your house too high or too low, and the benefits of pricing it just right, take a look at the chart below. It'll give you a good overview of the whole thing.

Lean on a Professional’s Expertise to Price Your House Right

Why do you need an agent to help you find the right price for your home? Well, your local agent has the knowledge and experience to figure out the market value of your property. They'll use their expertise to come up with a fair and realistic listing price by looking into:

The prices of recently sold homes

• The current market conditions

• The size and condition of your house

• The location of your house

Bottom Line

When it comes to selling your house, it's super important to price it correctly. Instead of just guessing, let's connect and make sure we get it right. We'll make sure your house is priced at the market value for today's market.