The Market Still Responds to Well-Priced Properties

Lately, it seems as if everyone is talking about the real estate market slowing down. It’s true, sales volume is down and we are seeing some pressure on prices. But, despite higher interest rates, housing prices have remained fairly stable. This is partially due to the low housing supply. So, even though interest rates have nearly tripled in the past nearly 3 years causing loan originations & buyer purchasing power to plummet, prices haven’t tanked. And, in some neighborhoods and for some properties, we are still seeing sales prices over the list price.

For example, I recently listed a home in Kahala, one of Oahu’s premiere neighborhoods. People love Kahala because it’s close to the beach with easy access to the freeway, Kahala Mall, eateries, entertainment and more! The property in question – 1165 Hunakai Street is situated on a large, level lot with mature trees. It is an ideal property for anyone seeking to build a new home, with almost 10,000 square feet of useable land in a very choice location.

Resilience Amidst Higher Interest Rates

We anticipated interest in the property due to the price point of $1,495,000. And, we certainly knew the location would be a draw, but what surprised us was the amount of interest and the number of offers. There were a dozen offers in all and many that were all cash. The property is still in escrow, but due to close soon. Very soon. We have a back-up offer in place and suffice it to say that the price went well above list.

Strategies for Sellers in the Current Market

Why share this story? Because the market still responds to well-priced properties. Even in today’s environment, if you price your home properly and market it properly, you can realize a good price. A very good price.

For more information about pricing your property properly, check out my blog: Price Your Property Properly

Professional Guidance and Preparation

There are still buyers looking for opportunities to buy, but granted, there are fewer buyers. And, they are being more selective. So, if you are thinking about listing your home for sale, you need to employ good strategies. Pricing your property correctly is part of the marketing strategy, but it’s not the only factor. You’ll want to hire a professional who can help to guide you and help you prepare your property for market. Following is a blog about maximizing your home’s worth by incorporating some tips that will give you a high rate of return: Prepping Your Home for Sale

One of the most important things for you to consider when you get ready to sell your home is the power of the market. The market really is powerful and it will respond well to your property when you incorporate the right strategies. Professional styling, staging, photography, and smart marketing will get you the best price for your property. Check out this story of clients who understood the value of good strategies and professional advice: The Power of the Market

Strategies in a Changing Market

Today’s market may not be as robust as it was over the last few years, but you can still sell your home at a good price by employing a professional who can guide you to make a well-informed decision on pricing and who can help you prepare and market your home to achieve maximum exposure and the strongest buyer response.

One final piece of advice for you. Though preparation, pricing, and promotion are key to getting the best price for your property, in today’s market, you may want to consider some additional strategies to help you attract the most buyers to your property. You’ll find some additional Seller strategies here: Seller Strategies in a Changing Market

Empowering Sellers With Informed Decisions

You may not have any control over the market, but you do have control over the decisions you make. When you hire a seasoned professional with a track record of success who can help you prepare, price, and promote your property properly, you will get the highest and best price for your home. In.Any.Market.