{"id":12112,"date":"2017-09-08T13:02:45","date_gmt":"2017-09-08T13:02:45","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=12112"},"modified":"2017-09-08T13:02:47","modified_gmt":"2017-09-08T13:02:47","slug":"myths-sellers-believe-pricing-home","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/myths-sellers-believe-pricing-home\/","title":{"rendered":"Myths Sellers Believe About Pricing Their Home"},"content":{"rendered":"

Myths Sellers Believe About Pricing Their Home<\/h1>\n

 <\/p>\n

\"Myths<\/a>

Myths Sellers Believe About Pricing Their Home<\/p><\/div>\n

Many home sellers succumb to myths about home pricing that don\u2019t match the reality of the housing market. Realtor.com\u00ae recently highlighted several of those common pricing myths, including:<\/p>\n

You won\u2019t always make money on the sale of a home.<\/strong><\/p>\n

Home sellers shouldn\u2019t always assume they\u2019ll walk away with a profit. The National Association of REALTORS\u00ae estimates home prices will increase 5 percent by the end of this year. That said, 23 markets have seen the cost of single-family homes decrease in recent months, NAR reports. Sellers\u2019 return greatly depends on their location and how much they paid for the home when they purchased it.<\/p>\n

A high home price will net you more in the end.<\/strong><\/p>\n

Sellers may be tempted to set a higher price to see if they can actually get it. \u201cWhile the payday might sound appealing, you\u2019re actually sacrificing your best marketing time in exchange for the remote possibility that someone will overpay for your home,\u201d\u00a0Kathleen Marks, a real estate professional with United Real Estate in Asheville, N.C., told realtor.com\u00ae.<\/p>\n

Overpricing a home from its initial listing isn\u2019t easily fixed by lowering the price on it, either. Buyers may presume something is wrong with the home if they see it linger on the market or have multiple price reductions.<\/p>\n

Setting a low price initially means you won\u2019t make as much money.<\/strong><\/p>\n

Pricing a home on the low end can actually pay off. Low-priced homes tend to prompt greater interest among buyers. That could result in a bidding war, which could increase the home\u2019s price way past the listing price.<\/p>\n

Sellers can add renovation costs to the price.<\/strong><\/p>\n

Just because you completed a renovation of your kitchen or outdoor deck does not mean you can recoup every dime of that investment at resale. Some renovations may help you to increase your home\u2019s value. Sellers, however, rarely will recoup the entire cost from a renovation. Sellers, on average, see a 64 percent return on every dollar they spend on home improvements, according to realtor.com\u00ae. But the profit can drastically vary by the type of remodeling project. Read more: NAR\u2019s Remodeling Impact Report<\/p>\n

Source: \u201c7 Pricing Myths to Stop Believing if You Ever Hope to Sell Your House,\u201d realtor.com\u00ae (Sept. 7, 2017)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Myths Sellers Believe About Pricing Their Home   Many home sellers succumb to myths about home pricing that don\u2019t match the reality of the housing market. Realtor.com\u00ae recently highlighted several of those common pricing myths, including: You won\u2019t always make money on the sale of a home. Home sellers shouldn\u2019t always assume they\u2019ll walk away … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-12112","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nMyths Sellers Believe About Pricing Their Home - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/myths-sellers-believe-pricing-home\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/myths-sellers-believe-pricing-home\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/myths-sellers-believe-pricing-home\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Myths Sellers Believe About Pricing Their Home\",\"datePublished\":\"2017-09-08T13:02:45+00:00\",\"dateModified\":\"2017-09-08T13:02:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/myths-sellers-believe-pricing-home\\\/\"},\"wordCount\":410,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/myths-sellers-believe-pricing-home\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/09082017.png\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/myths-sellers-believe-pricing-home\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/myths-sellers-believe-pricing-home\\\/\",\"name\":\"Myths Sellers Believe About Pricing Their Home - 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