Overpricing or underpricing your home can be disastrous for sellers.

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In our market, most homes are still getting multiple offers and quickly selling for above asking price. However, we’re starting to see some homes coming onto the market that are priced a bit too high, and they end up sitting unsold.
When a home’s already overpriced, it’s rare that a buyer will offer to pay more. The home may still get offers, but they’ll be well below asking price. Often, they end up selling for much less than they would have if they were priced correctly.
"Pricing a home too high or too low can cause a seller to scare off buyers who would be willing to pay a maximum price for their home."

Some homes are also being underpriced, which creates large bidding wars and causes some buyers to get discouraged and fatigued. They may not even make an offer when they hit this point.
As yo. ...

My advice on how you can find a great home after selling.

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Today, we’re living in one of the craziest seller’s markets I have ever seen. You would think this means now is a great time to sell your home, but a lot of clients have told me they’re worried they won’t be able to find a great home once they’ve sold. Can you still find a great home in today’s market?
From personal experience, the answer is definitely yes. We’ve helped loads of clients seamlessly transition from selling their old home to living in their new home. They didn’t have to settle for something they didn’t really want, and they didn’t have to pay way out of budget to do it.
For example, we had a recent client who needed to sell before they could purchase their new home. However, in today’s hot market, it’s really difficult to get your offer accepted if. ...

What the national media is saying about demand isn’t accurate.
 
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What are the motivating factors driving housing prices up so quickly right now? Many media outlets are discussing how demand is very high. Because home prices are appreciating so quickly, many people are prone to think that demand is high. In reality, demand is fairly normal. That's somewhat hard to believe when you regularly have multiple offers coming in, but what's truly driving the housing prices is our low supply.
Right now, we have about 6,000 homes for sale through the Arizona Regional MLS. Comparatively, we usually see 30,000 to 35,000 homes on the market around this time of year. Having a fifth of the normal amount of inventory means that we have an extreme shortage. Contrary to what you hear through media outlets, the market is not rising quickly because of strong demand or interest rates. It’s risi. ...

These are just a few good reasons sellers should hire a Realtor, even in this hot market.

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If homes are selling so quickly, why should you pay a Realtor to help you sell? Here are three key reasons why you should enlist the help of a professional irrespective of the conditions in our market:
1. An agent helps you choose the best offer. If you don’t use a Realtor, how do you know you’re getting the best offer for your home? Suppose your home is currently valued at $450,000; if you got an offer for $455,000 within two days of listing, would that be the best offer you could get? What could you get if you had 10, 12, or even 30 offers? Great agents in the top 1% of the industry can help you answer these types of questions and educate you about what’s going on in the market.
2. An agent makes sure the buyer can afford to pay the amount they’re offering. Many buyers can qu. ...

Here’s why now is the perfect time to list a home for sale.

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Sellers are having a fantastic time in our market right now. If you’ve been on the fence about listing your home, today I'm sharing five reasons why now is the perfect time to sell:
1. Prices have never been higher: Prices skyrocketed in the market boom of 2005/2006, and many people thought we’d never reach those same levels. Well, we’re there again in 2021. In fact, we’ve even exceeded those prices in many cases.
2. Properties are getting multiple offers: Due to high demand for homes, many sellers are enjoying multiple offers on their listings. This competition drives up the price and creates better terms for sellers.
"There isn’t much competition among sellers right now, so your listing will automatically stand out in the market."

3. Interest rates are at historic lows: You can sell your h. ...