How Do You Get The Most Money When Selling Your House

How Do You Get The Most Money When Selling Your House

Selling your home can be a tricky process.  Want to two tips on how to get more money when putting your home up for sale?  Here you go...


Want more info on the buying or selling process?  www.michelleforemanrealtor.com or michelleforemanrealtor@gmail.com

2 Tips For Getting The Most Money When Selling Your House


2 Tips For Getting The Most Money When Selling Your House | Keeping Current Matters


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).

2 Tips For Getting The Most Money When Selling Your House | Keeping Current Matters

 

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.


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.”

2 Tips For Getting The Most Money When Selling Your House | Keeping Current Matters

Bottom Line

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


Info taken from http://www.keepingcurrentmatters.com/2016/07/06/2-tips-for-getting-the-most-money-when-selling-your-house/?utm_campaign=Blog_Promo&utm_medium=Social&utm_source=Facebook&utm_content=dailyblogpost


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Phone: 504-339-9219
Dated: July 19th 2016
Views: 612
About Joshua: Joshua Putman grew up around the world and is now calling Texas home. Serving in the military for mo...

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