Las Vegas Real Estate Blog

Why Pricing Your Home Right Matters This Fall 2020

Why Pricing Your Home Right Matters This Fall 2020 SeeVegasHomes

Some Highlights

  • As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.
  • To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start.
  • Let’s connect today to make sure you have the guidance you need to price your home right this fall.
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Home Equity Gives Sellers Options in Today’s Market

Home Equity Gives Sellers Options in Today’s Market

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.

According to the just-released Q2 Homeowner Equity Insights Report by CoreLogic:

“U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019, an increase of 6.6%, year over year.” 

Dr. Frank Nothaft, Chief Economist for CoreLogic, attributes much of the equity growth to rising home prices:

“The CoreLogic Home Price Index registered a 4.3% annual rise in prices through June, which supported an increase in home equity.”

As the map below shows, CoreLogic also indicates that home equity is increasing in every state:

“In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity during the past year.”

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2020 Home Changes

2020 Home Changes SeeVegasHomes

We’ve seen a lot of change this year, and many of them have impacted the demands made on our homes. If your family’s needs are outgrowing your current space, Message us to learn about the options you have to make a change of your own.

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Current Low Interest Rates Can Stretch Your Spending Power

Current Lower Rates Can Stretch Your Spending Power SeeVegasHomes

Banfield went on to say, “With interest rates in the two’s available, a buyer can afford much more home than they could have just a few years ago.”

Message us to learn more about why this is such a good time to buy a home.

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