Sell My House In Metamora MI | 2 Ways To Receive The Most Money From The Sale Of Your Home
Most real estate agents don’t really have all the tools needed to provide 100% selling services to sellers that need to sell their homes.
We can provide customized innovation towards all your real estate needs. Today, we would like to talk to you about homeownership: 2 Ways To Receive The Most Money From The Sale Of Your Home.
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 home?
Here are two keys to ensure that you get the highest price possible.
1. Price It a LITTLE LOW
This may seem counter intuitive, 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 home (see chart below).
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.
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 under priced, especially in areas with low inventory.”
2. Use a Real Estate Professional
This, too, may seem counter intuitive. 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 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.
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 home at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your home.
To show our commitment to our clients, we will utilize the latest technology, know-how and information allowing us to bring you the best and highest offer for your house.
To connect with us directly, please call 810-338-0628 or email: teamsuccesslisting@gmail.com.
Are you considering selling your home? If you are, we would love to meet with you soon to show you what comparable properties have recently sold for, give you an estimate of your home’s current market value and review with you our marketing program.
Donald Horne, Broker | Owner
Team Success Listing LLC
810-338-0628 | teamsuccesslisting@gmail.com
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