Deprecated: Optional parameter $post_types declared before required parameter $location is implicitly treated as a required parameter in /home/bigforkm/shortsalesellit.com/wp-content/plugins/monarch/monarch.php on line 3783
Two Tips to Get the Most Money From the Sale of Your Home | Kris and Kimberly Darney

Two Tips to Get the Most Money From the Sale of Your Home

Two Tips to Get the Most Money From the Sale of Your Home.  Every homeowner wants to 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 ensure 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).

Two Tips to Get the Most Money From the Sale of Your Home

Two Tips to Get the Most Money From the Sale of Your Home

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.

Price Your Home Correctly

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 make 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. A new study by Collateral Analytics, reveals that FSBOs don’t actually save any money, and in some cases may be costing themselves more, by not listing with an agent.

Use a licensed REALTOR®

Two Tips to Get the Most Money From the Sale of Your Home

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

The results of the study showed that the differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%. Sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.

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.

Call Us Now To Sell Your Home…

Office: 909.985.9392 or Text Us: 714.657.6634

[gravityform id=”15″ title=”true” description=”true”]

Kris and Kim Darney – REALTORS® – Grandparents – 909.985.9392 – CA BRE# 01930954; 01464957; 01458057
It’s Thursday!  The Best Day to List Your Home

It’s Thursday! The Best Day to List Your Home

When it comes to listing and selling your home, a recent study by Terrace 24 Realty out of Atlanta (the Right Coast) determined that the best day to list your home was Thursday.  Terrace 24 has determined that homes listed on Thursday often sell faster and for higher...

California Sees Largest Decline in Short Sales in Nation

California Sees Largest Decline in Short Sales in Nation

It seems like the housing crises would never end...and it seems that CoreLogic states that we will see distressed property sales for at least another 4 years...about 2020. However, I think this is what we predicted in 2012...about another 8 years back then...so we're...

Sprawling Placentia Ranch Now for Sale in The OC

Sprawling Placentia Ranch Now for Sale in The OC

Welcome Home! This charming single level ranch style home is a corner lot in a desirable neighborhood. As you step into the home, your buyers will realize an open living area with views of a spacious rear yard. This home offers a formal living room and dining room with ambiance of a shared fireplace.

Is There Humor in Real Estate?

Is There Humor in Real Estate?

Sometimes you just need to laugh. Realtors are too serious.  Our lack of a humor is contagious...just attend our local Friday caravan and you'll understand what I mean. I guess it's the stress of not knowing when your next paycheck is going to arrive that get's agents...

Pin It on Pinterest

Shares
Share This