The REALTOR® Association of Southern Kentucky, Inc. was established in 1937 as the Bowling Green Board of REALTORS®, Inc. In 1997 the name was officially changed as a result of the expanded areas of service the association offers. The Association represents over 600 members who are involved in all aspects of real estate in Allen, Butler, Edmonson, Logan, Muhlenberg, Simpson and Warren Counties. Over 100 affiliated businesses also hold membership in the Association.
The Association is governed by a Board of Directors and served by volunteer committees. The dedication of the volunteers who have contributed countless hours of service attribute to the success of the association. An association staff of three is given the responsibility for the operations and implementation of the programs, products, and services provided to its members.
In today’s real estate market, setting the right price for your house is one of the most valuable things you can do.
According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes:
“Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”
When it comes to pricing your home, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized and more buyers want to take a look.