It’s the LAST thing you want to have to do when you put your home on the market.

A price reduction makes potential buyers ask, “Why didn’t anyone else buy it yet?” It makes them want to know what’s wrong with your home. That’s just the truth.

According to data from Realtor.com, there were 326,540 price reductions in the US in July 2024.

Here’s how to avoid that:

Price your home strategically from the start.

The real estate market, especially right now, is constantly changing. This is due to a number of reasons like:

- external factors such as interest rate fluctuations
- what other homes are on the market & how many of them (competition)
- the season
- buyer demand

What your neighbor got on their nearly identical home to yours 4 months ago may be surprisingly different than what you can get for yours today. And the way you get to that number may be different from the way they obtained their sales price.

Only someone with their finger on the pulse of your hyper local market can help you determine the pricing strategy that will yield a quick and top dollar sale of your home.

If you’re a homeowner in Elk Grove looking to sell your home this Fall or in 2025, DM me. I’d be honored to discuss what strategy would best serve you. If you’re in another city, let me know below and I’d be happy to connect you with one of my trusted resources in your city.

Follow @elkgroverealestate for all things local and real estate in Elk Grove.

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