How To Price Your Home in a Downturn Market

Three things you should do if you want to sell in a downturn market.

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How do you price your property in a downturn market and sell successfully? I'll share my expertise and knowledge. Here are three things that you can do when pricing your home in a downturn market:

1. Understand the hyperlocal statistics. It's important that you understand the hyperlocal statistics—not only the comparable sales that have sold, but also which way the market is heading.

2. Know how your property is positioned. Understanding the compensating factors: condition, size, bedrooms, bathrooms, and location is critical to a successful sale.

3. Forecast which way the market is trending. Once you understand the position of your property, you have to forecast which way the market is trending. Is it going in a steep downtrend or a slight decline?

These are the three tips that you need to consider when pricing your property in a down market. If you want specific clarification and information on how to take action on these items, call or email me or my team. We’re happy to go over an actual plan with you. I look forward to hearing from you!