Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you guarantee that you guarantee that you receive the maximum value for your house? Here are two keys to insuring you get the highest price possible.
1. Price it a LITTLE LOW
This may seem couterintuitive. However, let's look at this concept for a moment. Many homeowners think that pricing there home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house.
Instead of the seller trying to "win" the negotiantion with one buyer, they should price it so 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.
In a recent article on realtor.com, they gave this advise:
"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. Yet, studies have shown that typically homes sell for more money when handled by a real estate professional.
Recent reserch posted by the Economists' Outlook Blog revealed:
"The median selling price for all FSBO (for sale by owner) homes was $210,000 last year. When the byer 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 medial selling price of $249,000 - nearly $40,000 more for the typical home sale."
Price your home at or slightly below the current market value and hire a professional at Atlanta Home Connections. That will guarantee to you maximize the price you get for your house.
Email Jodi Cook for further information.