Jan 7 2019 37430 1

Dated: 01/07/2019

Views: 89

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips! | Simplifying The Market

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!

   For Sellers, Move-Up Buyers, Pricing

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?

Here are two keys to ensure that you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips! | Simplifying The Market

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price but will instead have multiple buyers fighting with each other over the house.

HGTV gives this advice:

First impressions are everything when selling your home. Studies have shown that the first two weeks on the market are the most crucial to your success. During these initial days, your home will be exposed to all active buyers.

If your price is perceived as too high, you will quickly lose this initial audience and find yourself relying only on the trickle of new buyers entering the market each day. Markets are dynamic, and your price has an expiration date. You have one chance to grab attention. Make sure your pricing helps you stand out on the shelf — in a positive way.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive. The seller may believe that he or she will make more money without having to pay a real estate commission, but studies have shown that homes typically sell for more money when handled by a real estate professional.

Research by the National Association of Realtors in their 2018 Profile of Home Buyers and Sellersrevealed that,

“the median selling price for all FSBO homes was $200,000 last year. However, homes that were sold with the assistance of an agent had a median selling price of $264,900 – nearly $65,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the money you get for your house.



You might also enjoy reading...

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Team H&L Miami @ Real Estate Empire and Keeping Current Matters, Inc. do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Team H&L Miami @ Real Estate Empire and Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Blog author image

Team H and L Miami

Team H&L Miami @ Real Estate Empire Group is a fast growing boutique Real Estate firm established in 2001. It began to revolutionize property sales as well as marketing through brokers, agents, and an....

Want to Advertise on this Site?

Latest Blog Posts

Jan 23 2019 37430 1

What Makes A Home Move-In Ready?by Henry & Laly Sanz 01/21/2019If you’re in the market to buy a home, one of the easiest ways to do it is to look for homes that are move-in ready. Out of

Read More

Jan 21 2019 37430 2

Use the buttons below to share with your Personalization Profile...    EMAIL ;

Read More

Jan 21 2019 37430 1

What Makes A Home Move-In Ready? by Henry & Laly Sanz 01/21/2019 If you’re in the market to buy a home, one of the easiest ways to do it is to look for homes that are move

Read More