Sometimes, listing your house below market value can work for you, even though initially it seems like the wrong direction for your wallet. Also, in some situations, it could even get you more money in the long run, if you find the right starting price, and the market is favorable. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that a seller’s market occurs when home inventory is low and competition is high. By pricing your home at a lower amount, your listing price typically stands out. This gets more attention from buyers who then submit multiple bids – often over the asking price – in order to compete and ultimately “win” the house as the highest bidder. Check out below to see what sold in Liberty Park in June 2022:
28367 Declaration Road, Novi: 4 bedrooms, 2.1 bathrooms, 2,228 sq. feet, 2 car garage, Sold Price: $520,000
Liberty Park Home Sold
June 2022
If you need to move immediately due to a life change like a job relocation, moving closer to family, or for financial reasons, your concern would be more about your timing versus the market. Lowering the price, even in a buyer’s market, is better than letting the house sit when you don’t live in the area, or need the money from the sale. For more information on Liberty Park, or similar Northville or Novi neighborhoods such as Royal Crown, Carriage Hill and Yorkshire Place, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.