List prices are important, but they're not the be-all and end-all when it comes to setting the value of your home! Asking price is more likely to reflect the market, not the home value.
The market is changing and it is important to know how this shift will affect list price vs. sales price.
Buyers:
- In a market where prices are rising, you should provide a healthy buffer to account for the likely increase.
- In a declining market, it is possible to get an accepted offer closer to list price!
Sellers:
- In a rising market, you can usually get away with listing your home at a higher price and still selling fast!
- If prices are declining, you may need to adjust your list price downwards to be competitive and attract buyers.
If you’re not sure what market you are working with, let’s have a conversation!
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Would you like to work with us at Spencer Hsu Realty?!
Just give us a call / text / or an email! 408-547-4590
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