The Kim Perrotti Team - Melrose MA Real Estate

Pricing Right

 

Selling Your House? Make Sure You Price It Right.

 

 
 
 
There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR):
  • Homes typically sell within 17 days (compared to 26 days one year ago).
  • The average home sold has five offers to pick from.
  • 54% of offers are over the asking price.

Because so many buyers are competing for so few homes, bidding wars are driving up home prices. According to an average of leading expert projections, existing home prices are expected to increase by 8.9% this year.

Yet even in today’s red-hot sellers’ market, it’s important to price your house right. While it may be tempting to price your house on the high side to capitalize on this trend, doing so could limit your house’s potential.

 

Why Pricing Your House Right Matters

Here’s the thing – a high price tag doesn’t mean you’re going to cash in big on the sale. While you may be trying to maximize your return, the tradeoff may be steep. A high list price is more likely to deter buyers, sit on the market longer, or require a price drop that can raise questions among prospective buyers.

Instead, focus on setting a price that’s fair. Real estate professionals know the value of your home. By pricing your house based on its current condition and similar homes that have recently sold in your area, your agent can help you set a price that’s realistic and obtainable – and that’s good news for you and for buyers.

 

Selling Your House? Make Sure You Price It Right. | MyKCM

 

When you price your house right, you increase your home’s visibility, which drives more buyers to your front door. The more buyers that tour your home, the more likely you’ll have a multi-offer scenario to create a bidding war. When multiple buyers compete for your house, that sets you up for a bigger win.

 

Bottom Line

When it comes to pricing your house, working with a local real estate professional is essential. Let’s connect so we can optimize your exposure, your timeline, and the return on your investment, too.

July 2021 Insert

THE JULY 2021 MARKET REPORT IS HERE

 

Check out some of the latest recently sold homes in Melrose - The summer heat hasn't slowed down the real estate market!

 

 

FEATURED LISTING - 557 SALEM STREET, UNIT 6, MALDEN MASSACHUSETTS

FEATURED LISTING - JUNE 22, 2021

557 Salem Street, Unit 6, Malden Massachusetts

 

 

Video Preview 557 Salem Street, Unit 6, Malden Massachusetts

 

 

FEATURED LISTING - 55 ORCHARD LANE, MELROSE MASSACHUSETTS

FEATURED LISTING - JUNE 23, 2021

55 Orchard Lane, Melrose Massachusetts

 

 

 

 

 

 

Video Preview 55 Orchard Lane, Melrose!

 

 

 

FEATURED LISTING - 10 MAPLE ROAD, SAUGUS MA

FEATURED LISTING - JUNE 16, 2021

 

10 Maple Road, Saugus Massachusetts

 

 

 

Great Opportunity to Build Some Equity!

 

 

 

 

 

 

 

 

June 2021 Market Report

The Melrose Real Estate Market Report for June 2021 is here!

Check out some of our staging advice, recent Just Solds in Melrose, and put our Fall shredding date on your calendar!

All details below!

 

Featured Listing - 22 Sherman Road, Wakefield MA

NEW LISTING - MAY 12, 2021

 

22 Sherman Road, Wakefield MA 01880

7 rooms l 3 bedrooms l 2 baths

Offerd at $579,000

 

 

 

 

 

Preview 22 Sherman Road!

 

Melrose Real Estate Market Report - May 2021

The Melrose Real Estate Market Report for May 2021 is here!

 

Check out some of our recent listings as well as homes and condos that sold in Melrose.

Also, DON'T MISS our annual spring community shredding event on Saturday, May 8th from 10 a.m.-12 p.m. Safely get rid of all those piles of papers, bills, receipts, etc. lying around. And it's FREE! Check out the details below:

 

Featured Home - 330 Elliot Street, Unit 2, Newton Massachusetts

NEW LISTING - APRIL 28, 2021

 

330 Elliot Street, Unit 2, Newton Massachusetts

6 Rooms l 4 Bedrooms l 2 Baths

Offered at $649,000

 

 

 

Preview 330 Elliot Street, Unit 2, Newton Massachusetts

 

 

 

 

You'll love the space, character, and convenient location!

 

 

 

Featured Home for Sale - 123 Pine Ridge Road, Reading, MA

123 Pine Ridge Road

Reading, MA

 

 ☀️JUST LISTED - READING, MA☀️ 

SPACIOUS AND LIGHT-FILLED RANCH located in Reading’s coveted West Side boasting beautiful woodwork, modern updates and a super flexible floor plan. Greeted by gleaming hardwood floors leading into the open concept living space with mantled fireplace, chair rail and custom shelving through the gracious dining room with 2 built-in china cabinets! Gleaming white kitchen with SS appliances, granite countertops, stylish backsplash and breakfast bar. Sought after home office and 3/4 bath off the kitchen can easily be transformed into an ensuite or guest bedroom. Additional full bath and 3 generous bedrooms complete the main living level. Finished lower level perfect for family room, hobby room, 2nd office... whatever your lifestyle desires! Plenty of storage space throughout and 3 car parking! Great location close to Sturgess Park and Main Street and commuters will love the close proximity to routes 93/95 and the commuter train - yet you'll still have that "tucked away" feeling!

 

🏠OPEN HOUSE🏠
Saturday, April 24
1:00PM - 2:30PM

Check out the VIRTUAL WALTHROUGH TOUR here:

  

All offers due by Tuesday, April 27th. This one won't last so contact us to learn more now!

  Jay Morneault - The Kim Perrotti Team - RE/MAX Leading Edge 

Jay Morneault

781-254-2614

Jay@KPTRealtors.com

Featured Home for Sale - 106 E. Foster Street, Melrose, MA

106 E. Foster Street

Melrose, MA

 

DELIGHTFUL GAMBREL sitting pretty in a very convenient Melrose location is the perfect opportunity for someone with a little know-how to polish up this gem for instant equity! New roof, fully-owned solar panels, recently expanded driveway. Greeted by a charming front porch you are welcomed into the home by beautiful hardwood floors, handsome woodwork and practical living space. Front to back living/dining combo with plenty of windows to let the lighth stream and kitchen with pantry, beautiful built-in cupboard and rustic wide planked wood flooring. 2nd floor offers 3 bedrooms with hardwood floors throughout, full bath and access to walk-up attic! 

 This is a GREAT condo alternative! Easy to maintain backyard with slate patio and shed. Located close to all the restaurants, shops and coffee houses of downtown Melrose. Easy access to bus lines, commuter lines, Oak Grove and all major highways. 

 

OPEN HOUSES:

 Thursday, April 22

5:00PM - 6:30 PM
 
 
Saturday, April 24
 
10:30AM - 12:00PM
 
 
Check out the VIRTUAL WALTHROUGH TOUR here:
 
  

 

 
Start your home ownership journey with this diamond in the rough! Contact us now to learn more.
 
  

781-254-5527

Kim@KPTRealtors.com

Featured Home for Sale - 90 W Highland Avenue, Melrose, MA

90 W Highland Avenue

Melrose, MA

 

 

🔥JUST LISTED 🔥 Melrose, MA 

 

STEP RIGHT INTO THE MELROSE MARKET AND BUILD SOME QUICK EQUITY in this 7 room, 3 bedroom, 1.5 bath side entrance colonial sitting on a corner lot in a great Highlands location!

Great bones, classic woodwork, hardwood floors all just waiting for your personal touches. First floor welcomes you into the foyer and flows nicely into the spacious fireplaced living room, through the handsome dining room with wainscot and built-in china cabinet and into the kitchen. Screened-in porch located just off the kitchen perfect for warmer days ahead! Half bath completes the main living level.

Head up to the second floor where 3 bedrooms, a sought-after home office and full bath are waiting for you! Plenty of storage throughout the home with a full basement and walk up attic. Super walkable and commuter-friendly location - just a short walk to Franklin Square, Fred Green Field, and Whole Foods Plaza. 1 car garage! 

 

OPEN HOUSE 
 
Thursday, April 15th - 5:00PM - 6:30 PM
 
Sunday, April 18 - 10:30AM - 12:00 PM

 

Check out the VIRTUAL WALTHROUGH TOUR here:

 

 

Don’t miss out on this great opportunity to get your foot in the door in Melrose! Contact us now to learn more.

 

781-254-5527

Kim@KPTRealtors.com