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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Why is 2021 different than other years? Due to the lingering impact of COVID and the log jam it caused in the 2020 spring market , price adjustments were lowest in 2020 and are now even lower in 2021 with supply so tight. If a month goes by, contact your REALTOR to discuss an adjustment on the list price.

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Price Adjustments and the 2023 Market

Lamacchia Realty

2020 and 2021 did see slight hills and valleys but nothing as intense as the years’ prior. 2022 exhibited a rise in the number of price adjustments year over year in June and stayed higher than 2021 for the rest of the year. If three weeks go by, contact your REALTOR® to discuss an adjustment on the list price.

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Price Adjustments in this New Housing Market

Lamacchia Realty

2020 and 2021 did see slight hills and valleys but nothing as intense as the years prior. Your home is priced much higher than properties in your area Your REALTOR® will complete a comparative market analysis of the homes sold in your area in the 2-3 months. Consider the Price Brackets. See chart below.

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The art (and the importance) of pricing your home to sell

Cornerstone

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. percent in 2021. Realtor.com’s Chief Economist Danielle Hale confirms : “We expect price gains to ease somewhat in 2021 and end 5.7 300,000) helps to straddle two pricing brackets and optimize exposure.

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2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

The first line of defense is hiring an experienced REALTOR® who is an expert at handling the complexities of multiple offers. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. April 8, 2021.

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