Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled. 1 Consequently, home sellers who enter the market today may need to reset their expectations. The reality is, it’s no longer enough to stick a “for sale” sign […]
5 Questions to Ask Before Purchasing Your First Home
Buy Now or Rent Longer? Should you buy a home now, or should you continue to rent an apartment or house? Let’s go over some considerations before you decide. Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s […]
8 Strategies to Secure a Lower Mortgage Rate
Securing a Lower Mortgage Rate can save you thousands of dollars over the life of your home loan. Here are 8 simple ways to do so. Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes […]
We Appreciate Your Referrals
Did you know that we can help you, your friends, and your family buy or sell a home anywhere in the United States? It’s true! One of the ways we help people buy or sell a house is through our referral network. Here’s how that works. We have a vast network of real estate agents […]
10 Pro Tips for a Smooth Home Move
The process of buying a new home can be both exhilarating and exhausting. But the journey doesn’t stop when you close on your property. On the contrary, you still have quite a bit to do before you can begin the process of settling into your new place. Fortunately, you don’t have to do everything in […]
7 Costly Mistakes Home Sellers Make (And How to Avoid Them)
No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling into a new place. Almost all sellers want to make the most […]
Higher Rates and Short Supply – The State of Real Estate in 2022
The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1 But while some had hoped 2022 would bring […]
![One Thing Every Seller Knew About Pricing in Today's Market 🏠
Nationally, the market has been shifting, and there's one thing sellers need to keep in mind:
Overpricing doesn't just delay your sale—it can actually cost you money. When a home sits on the market too long, buyers start wondering "what's wrong with it?" This creates a stigma that often leads to accepting offers below what you could have gotten with strategic pricing from day one.
The sweet spot? Pricing competitively doesn't mean pricing low. It means understanding your local market data, recent comparable sales, and positioning your home to generate the right kind of buyer interest early on.
The bottom line: In today's market, the first 2-3 weeks are crucial. Price strategically, market effectively, and let buyer competition work in your favor rather than against it.
Thinking of selling? Call/text/email us at [insert phone number] for honest pricing feedback based on your specific situation and neighborhood trends.
#RealEstate #HomeSelling #PricingStrategy #MarketUpdate #RealEstateAgent #SellerTips #LocalRealEstate #PropertyValue #RealEstateTips #HomeValue
Libby Guthrie, REALTOR® 🏡
Cell: 865-364-0200
Keller Williams 865-966-5005
GGHKnoxville.com
Libby@GuthrieGroupHomes.com](https://guthriegrouphomes.com/wp-content/plugins/instagram-feed/img/placeholder.png)
