2 Ways To Get The Best Price When Selling Your Home

Dated: 07/24/2018

Views: 357

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

Considering selling? Read this now!


Team Nest Builder offers two ways to ensure that you get the highest price possible:

1. Price it a Little Low

This may seem counter-intuitive, but let’s take a look at this concept for a moment. Many New Jersey homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation when, in actuality, it just dramatically lessens the demand for their houses (see chart below).

Selling Your Home? Here’s 2 Ways to Get the Best Price! | MyKCM

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price their house so that demand for the home is maximized. By doing so, 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.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive as the seller may think that he or she will make more money by avoiding a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by real estate professionals, such as Team Nest Builder.

A study by Collateral Analytics, reveals that For-Sale-By-Owners (FSBOs) don’t actually save any money, and in some cases may be costing themselves more, by not listing with an agent. 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 sales price was near 6% lower for FSBO sales of similar properties.  Team Nest Builder sellers net 99% of list price!*

Bottom Line

Price your house at or slightly below the current market value and hire a professional like Team Nest Builder’s Lynn Garafola. This will guarantee that you maximize the price you get for your house.  Call Lynn today at 973-222-3777!


*In 2016, Team Nest Builder listings sold for 99.25% of the list price versus the MLS average of only 97.35%--that’s nearly 2% more!

Liked this article? Check out our blog for loads of helpful information on real estate, home improvement and community events!


Source: KeepingCurrentMatters.com



Latest Blog Posts

The 1 Thing You Can Do Now To Position Yourself To Buy A Home This Year

The #1 Thing You Can Do Now to Position Yourself to Buy a Home This YearThe last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy

Read More

OPEN HOUSE UPDATED 3 BDR Cape Cod

Step into 2 Seneca Trail and this sweet 3-bedroom, 2-bathroom Cape Cod in Sparta’s highly-desirable Lake Mohawk community captures your heart.  See for yourself at our OPEN HOUSE Sunday,

Read More

Breathtaking 4BR Colonial With Swimming Pool OPEN HOUSE THIS WEEKEND

Are you looking for a beautiful 4 Bedroom colonial in Sparta? Look no further than10 Crestview Lane! Join us for an OPEN HOUSE on 2/23 from 1-3pm! PRICE ADJUSTMENT to $550,000!This breathtaking

Read More

Tax Seminar With Team Nest Builder

Paying too much in Real Estate Taxes? Find out how you could get them reduced!In this seminar--hosted by Lynn Garafola of Team Nest Builder--you will learn:4 different “values” for your home

Read More