In our last blog, we looked at the changing market conditions and why it may not be the best idea to delay your home sale until next year, if you are hoping for even better returns.
While we're still seeing great demand for homes here in Iron County, there are a number of external economic factors that are likely to result in more home price pressure as we move ever nearer to fall and winter.
The key take away from this is that pricing your home correctly for the market conditions is likely to be critical to sales success.
In recent times, sellers have been able to enjoy fantastic returns as buyers have generally been in acceptance of higher asking prices.
While that's been happening, however, it's estimated that home prices have been climbing at about double the pace of wages, meaning that continual prices rises are simply unsustainable and there have been a number of strong indications, nationally, that buyers are finally becoming more resistant to what they consider to be overpricing.
This means that it is critical that you team up with an agent with the necessary experience and intimate market knowledge to price your home so that it attracts a lot of initial interest. This is a strategy that often leads to multiple offers and sold prices above asking price.
And don't forget that inaccurate pricing can work the other way around too and be so low that you don't achieve the best possible return.
We average over 130 sold properties every single year, compared to the typical agent who sells just one a month.
This means that we simply have more day to day knowledge and exposure to what is happening in the Iron County market, enabling us to fine tune pricing to an optimal level at all times.
Furthermore, we have been through cycles like this before, unlike many more inexperienced agents, and are thus better equipped to serve you in a more challenging sales environment.
Please contact us for an informal discussion of the most effective strategy to sell your home in the coming months.