Get The Most Money From The Sale Of Your Home

Dated: 01/08/2019

Views: 56

Want To Get The Most Money From The Sale Of Your Home? Use These 2 Tips!

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!


Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?

Here are two keys to ensure that you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips! | Keeping Current Matters

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.

HGTV gives this advice:

First impressions are everything when selling your home. Studies have shown that the first two weeks on the market are the most crucial to your success. During these initial days, your home will be exposed to all active buyers.

If your price is perceived as too high, you will quickly lose this initial audience and find yourself relying only on the trickle of new buyers entering the market each day. Markets are dynamic, and your price has an expiration date. You have one chance to grab attention. Make sure your pricing helps you stand out on the shelf — in a positive way.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive. The seller may believe that he or she will make more money without having to pay a real estate commission, but studies have shown that homes typically sell for more money when handled by a real estate professional.

Research by the National Association of Realtors in their 2018 Profile of Home Buyers and Sellers revealed that,

“the median selling price for all FSBO homes was $200,000 last year. However, homes that were sold with the assistance of an agent had a median selling price of $264,900 – nearly $65,000 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 money you get for your house.

Blog author image

Ashley Davis

A Real Estate Agent That Truly Cares About You! I became a real estate agent to help you! After buying my first home, expecting to move in, I found out that my home had been broken into and all....

Want to Advertise on this Site?

Latest Blog Posts

National Homeownership Month 2019 Finding Your Happypathhome

National Homeownership Month 2019: Finding Your #happypathhome Anyone who has had the privilege of becoming a homeowner knows when you’ve found the right home, it isn’t just about the

Read More

As The Summer Season Officially Begins Check These Off Your Todo List

6 Tips to Prep Your Home for the Best Summer EverYou’ve been waiting for summer all year, but just how prepared is your home? You’re probably planning for a beach trip or some time to unplug,

Read More

Whats Your Credit Score

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a

Read More

11 Reasons Why Its Important To Follow Your Dreams

11 Reasons Why It’s Important to Follow Your DreamsCatherine AlfordEveryone always says, “Follow your dreams!” But not everyone does it.Life interjects, bills pile up, and sometimes we have to

Read More