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

Dated: April 6 2020

Views: 81

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

Make wealth with owning a home!

Owning Is More Affordable than Renting in the Majority of the CountryIf you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices 

Read More

Homes will still appreciate in 2022. Don't wait to buy a home because things wont change!

We’re in the midst of the five-year period (between 2019 and 2023) in which the five largest millennial birth years (between 1989 and 1993) are hitting the all-important first-time home buying

Read More

Renters gave up $51,500!

Renters Missed Out on $51,500 This Past Year! Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher

Read More

Some say this real estate market is not a bubble

Experts Say Home Prices Will Continue to AppreciateIt’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a

Read More