How to Get the Most Money When Selling Your Home?
Every homeowner wants to make sure they get the best price when selling their home. Some ask, how can I sell my house fast but guarantee that I receive maximum value for my house? Here are two keys to ensuring you get the highest price possible.
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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 reality, this just dramatically lessens the demand for their house.
Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead 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.”
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Use a Real Estate Professional
This, too, may seem counterintuitive, as the seller likely believes that he or she will net more money if they don’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.
Research posted by the National Association of Realtors 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.”
Bottom Line–
Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.
Why Might You Ask, How can I Sell My House Fast?
There are many reasons why a homeowner might need to get their home sold fast, but few places from which fair offers can be found.
These reasons can range from simple and routine, such as inherited or distressed homes that you just need to move fast, or as complicated as a sudden influx in bills that necessitate a quick cash payment for your home, or a situation where your lack of equity in your home is sending you deeper into dire straits financially.
Here are some additional reasons why you might ask, how can I sell my house fast? Here are some reasons it could be the soundest option for your family and yourself:
- You’re Tired of Property Management
- Your Home Is in Poor Condition
- You’re Undergoing Financial Problems
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New Jersey Real Estate In Perspective is a blog by Dwayne Randolph.
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Dwayne Randolph is the Founder of CREIV Properties, LLC, a real estate solutions company. If you have a property you need to sell fast. We buy houses in NJ and nationwide.
