Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 4 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 30

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 5 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 34

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 6 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 35

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 7 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 36

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 8 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 38

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 9 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 40

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 10 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 41

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 11 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 42

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 12 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 43

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 13 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 44

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 14 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 45

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 15 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 46

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 16 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 47

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 17 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 48

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 18 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 49

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 19 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 50

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 20 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 51

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 21 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 52

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 22 in /home/newnha/public_html/subdomain/DanGrieb/blog-read.php on line 53
Builder Trade In Program - Builder Trade In Program - 2 Things You Need To Know To Properly Price Your Home

Builder Trade In Program


Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 34 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 3

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 35 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 7

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 36 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 12

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 37 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 16

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 38 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 20

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 39 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 24

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 40 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 28

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 41 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 32

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 42 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 36

Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 44 in /home/newnha/public_html/subdomain/DanGrieb/menu.php on line 85
by Builder Trade In Program Jun 05, 2019

2 Things You Need To Know To Properly Price Your Home

In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly.

In the mind of the homeowner, annual home price appreciation over 6% has become the new normal. This becomes a challenge when a homeowner looks to refinance or sell their home, as the expectation of what the homeowner believes the home should be worth does not always line up with the bank’s appraisal.

Every month, the Home Price Perception Index (HPPI) measures the disparity between what a homeowner seeking to refinance their home believes their house is worth and what an appraiser’s evaluation of that same home is.

Over the last five months, the gap between the homeowner’s opinion and the bank’s appraisal has widened to -0.78%. This is important for homeowners to note, as even a 0.78% difference in appraisal can mean thousands of dollars that a buyer or seller would have to come up with at closing (depending on the price of the home).

The chart below illustrates the changes in home price estimates over the last 12 months.

While the appraisal gap widens, another trend is also becoming more common.

According to Realtor.com, “the share of homes which had their prices cut increased by 2% compared to last year”. Thirty-seven out of the 50 largest US housing markets saw an increase in overall price reductions.

In today’s market, you need an expert agent who can help price your house right from the start. Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the house. In reality, nothing is wrong- the price was just too high!

If you are planning on selling your house in today’s market, meet with a local real estate professional who can help you set your listing price properly from the start!

Tags:


Warning: mysql_result(): Unable to jump to row 0 on MySQL result index 52 in /home/newnha/public_html/subdomain/DanGrieb/footer.php on line 131