How To Get The Most Money From The Sale Of Your Home

     

    Every homeowner wants to make sure they maximize their financial reward 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 counter intuitive. 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.

    Impact of Price Visibility

     

    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, recently gave 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 counter intuitive. 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.

    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.”

    Median Selling Price

     

    Bottom Line

    Price your house at or slightly below the current market value and hire a professional in order to guarantee that you maximize the price you get for your  house.

     

     

    Get a free valuation for your home! Click below to discover your home’s worth:

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