2 Tips For Getting The Most Money Out Of Selling Your Home

Dated: 04/06/2020

Views: 10

2 Tips For Getting The Most Money When Selling Your House

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW

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

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

Realtor.com, gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This too may seem counterintuitive. The seller may think they would net more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional. Try using Abrams Realty real estate professionals to get the most net worth out of your home.

Research posted by the Economists’ Outlook Blog revealed that:

“The median selling price for all FSBO homes was $210,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $151,900. However, homes that were sold with the assistance of an agent had a median selling price of $249,000 – nearly $40,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional from Abrams Realty. That will guarantee you maximize the price you get for your house.

Latest Blog Posts

Record low home mortgage interest rates

Don't miss this opportunity to purchase a home at these lower current intrest rates! The intrest rates dropped to 2.98%!!!Your mortgage is likely to be less than paying rent. Your home your

Read More

ALL MY SINGLE LADIES

Single Women Make Up 2nd Largest Home Buying Group According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of

Read More

Don't Disqualify Yourself Here At Abrams We Can Help Push You In The Right Direction

Don’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750The results of countless studies have shown that potential home buyers, and even current,

Read More

Looking For A Home What You Want Vs What You NEED

Starting to Look for a Home? Know What You WANT vs. What You NEEDIn this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when

Read More