Every homeowner wants to make sure they get the best price when selling their home. How can one guarantee a maximum return on ones home? Here are a few points that will help ensure you get the best price possible.
1. Price it SLIGHTLY LOWER
This may confuse you at first. However, let’s review some key facts about this. Many sellers assume that pricing their home a slightly OVER market value will leave room for negotiation. Really what this does is lessen the demand.
What you need to be doing instead of waiting for prince charming, is to interest several buyers, driving buyers to fight with each other over the house. Its what I call the eBay effect. Oftentimes, an auction goes for more than a regular ‘buy it now’ offer. In a low inventory market, this is gold!
2. Use a Real Estate Professional
I know, I’m an agent, but hear me out. Studies have shown that homes typically sell for more money when handled by a real estate agent. Additionally, there are many fine details that can go wrong and we are trained to handle them all. Skeptical? Think about an argument that came about when you were emotionally charged. Yup, world war three and four.
NAR revealed that:
“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”
Price your house right and hire a professional. Because fixing your own teeth might not work out so well.
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