Price It Right the First Time
By William Collins, Property and Asset Management
(ERA Queen City Realty)
The housing market has entered a new phase. While buyer demand remains healthy, higher mortgage interest rates have changed how buyers search, evaluate, and negotiate. Today's buyers are more financially disciplined, more selective, and far less likely to overlook an overpriced home.For homeowners considering selling, this creates a clear reality: pricing your home right the first time in a higher interest rate market is no longer simply a recommendation—it's one of the most important decisions you'll make.The days of "testing the market" with an inflated asking price are becoming increasingly risky. Buyers have more information, more inventory in many markets, and less purchasing power due to higher borrowing costs. Sellers who understand these changes are positioning themselves for gr...
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