What Difference Does the Right Home Price Make?

June 7, 2007 – 1:20 pm

Whether you’re buying or selling a home, the right home price makes all the difference.

For sellers, the right home price can determine whether or not your home lingers on the market. Price too high - even if you encourage buyers to make their best offer - and your house may stay listed much longer than you anticipate. Set a home price that is too low and buyers just might start to wonder what’s wrong with the property - especially if you make the price far too low.

The right home price, however, shows that a seller knows the value of his or her home; it shows that there’s been research into market value and more.

For buyers, a too high a price can leave them discouraged and make their dream homes seem completely out of reach. Too low a price and buyers might lose the ability to trust even the best home inspector - they think there must be some reason why the seller seems so desperate to move the property.

The right home price, however, will make buying or selling a more pleasant experience.

IHS Realty
Buying or selling, make sure the property has the right home price associated with it.
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Housing Market Slowdown

February 14, 2006 – 9:15 am

White House expects home price increases to cool

The White House Council of Economic Advisers wrote in its annual Economic Report of the President, which was sent to Congress yesterday that, "Prospects remain good for continued growth in the years ahead." While the overall economy is expected to continued growth, the CEA’s assessment of the housing market was somewhat more subdued. According to CEA member, Matthew Slaughter, the rate of home price appreciation is "likely to slow in the future."

After 5 years of 9.2 percent annual growth rate, due to low interest rates, strenghtening job market, and rising income, the next 5 years is likely to see a downward trend in part due to rising interest rates, the report said. A dramatic housing bubble burst is not expected because "the elevated level of house prices will sustain homebuilding as a profitable enterprise for some time."

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