If you’re thinking about selling your home this spring or summer, it’s important to remember the contribution your real estate agent will provide. According to Realtor.com, real estate experts are seeing a national rise in price reductions. Since the impact has been noted greater in the south, it’s relevant information to consider when selling in South Carolina.
So what does this mean? When homes aren’t priced accordingly in this market, you can plan to see an increase in these price reductions. Although April starts “busy season” in the real estate market, due to the uncertainty in the economy right now, it has been a slower start per previous years’ data.
While home prices often reflect the size, condition, and location- the market is a variable that can sway your home value above and below what you might be asking for in terms of price. This is where your agent can help you as their understanding of the housing market is well informed.
Your agent should discuss how the neighborhood and surrounding area’s market is performing and include it in conversations regarding pricing prior to listing your home. If you are trying to sell your home quickly, the best course of action is to leverage the tools and knowledge your real estate agent can provide. This will help you avoid price reductions and extended time on the market.