2 Ways to Get the Best Price When Selling A Home

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2 Ways to Get the Best Price When Selling A Home

A homeowner who is selling a home will always want to get the best price for their property. But how are we able to guarantee that the maximum price is paid? Here are two ways to receive your maximum home value:

1. Set the price slightly low

This may appear to be the opposite of what a homeowner would want, but homeowners who price a little over market value leave no room for negotiation. Pricing higher will decrease the demand for your home and may force you to lower your price regardless. See chart below.

2 Ways to Get the Best Price When Selling A Home

Rather than focusing on winning the negotiation of one buyer, home sellers should price the home to try and increase demand. What you want to see is an increase in the number of interested buyers who will then “fight” over possession of the home by offering a higher value.

Advice from Realtor.com explains:

“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. Hire a Real Estate Professional

Most home sellers assume that if they sell their home on their own then they are avoiding extra fees for real estate commission. However, studies have shown that selling a home with an expert’s help typically increases the amount the home sells for.

Economists’ Outlook Blog researched 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 Ways to Get the Best Price When Selling A Home

Bottom Line

When you’re ready to sell successfully, set your home price at or just below market value and seriously consider hiring a professional to assist you. These two factors are the best options for getting the price you want when selling a home. Still not convinced? Here are 13 Reasons You Should Not Sell Without A Real Estate Professional’s Help to assist you in your decision making.

Have you considered selling a home in the Mountain Island area? We would love to assist you in your journey! Give us a call at Showcase Realty at 704.997.3794 or send us a message here!

We have over 26,000 highly qualified buyers in our database, overflow of buyers 

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