Pricing Is Key For Sellers

The listing price is the most important thing for a seller to get right. Homes tend to generate significantly more online attention and views the day they are first listed than when the seller later drops the price. This suggests that starting with an intentionally high price and lowering it later to drum up more interest is likely to backfire. With fewer house hunters out there, it’s critical to price appropriately from the start to attract buyers. That strategy can generate multiple offers, yielding the best price.

Selling Before Buying Can Minimize Risk And Cost

Another consideration for sellers is whether to sell first or buy first. With high rates, it may make more sense to sell first, move into a short-term rental, then purchase your next home once you know exactly what you can afford based on the proceeds from your sale. This strategy bypasses a few risky situations: getting stuck paying sky-high interest on a bridge loan or making an offer on your next home before you know how much you can afford. It could also help put you in a competitive position when buying your next home because your purchase won’t be contingent on a sale.

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