As a realtor, I’m aware of a common misconception: that realtors price homes. This is false! Let me explain…

When I’m working with a client to sell their house, I give them a range of prices based on what’s recently sold in their neighborhood. And ultimately, the final list price is the homeowner’s decision, not mine. The house is yours, so obviously, you should get to put the price tag on it!

Most of the time, I recommend listing somewhere in the middle… but homeowners often lean toward the highest price point possible. This is usually because they “don’t want to lose money.” Makes sense, right?

But here’s the deal. If you’ve owned your home since 2019 (or even 2020), chances are that it’s appreciated by 30% already. That means the median home here in McKinney, bought for around $500k in 2020, could now realistically appraise and sell for over $600k!

It’s safe to say that if you decide to sell, you’re probably not going to lose money on that deal. *wink*

So, especially with higher interest rates, my best piece of advice is to price your home competitively (i.e., somewhere in the middle), rather than on the higher side. This will attract more buyers, get more offers, and you won’t have to stress about the appraisal coming in too low. That’s a long list of wins for you and your family!

People sell for a lot of different reasons — lifestyle considerations, a growing family, a career change, etc. But no matter your situation, if you own a home in McKinney and are thinking about selling, give me a call. I’m happy to help make the process smoother!