Here is some important information, tips and explanations of how the process works. Lots of info on this page, it will help you understand the process and prepare your home to sell. Please give me a call if you have questions, Georgia Weaver 712-291-0118.
Every homeowner wants to make sure they 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 ensuring you get the highest price possible.
This may seem counter-intuitive. 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.
Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. In that way, the seller will not be fighting with a buyer over the price, but instead will have multiple buyers fighting with each other over the house. I had 6 of these in 2016 each one went over list price!
Realtor.com, recently gave 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.”
The seller may think they would net 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.
Research posted by the Economists’ Outlook Blog revealed that:
“The median selling price for all FSBO (for sale buy owner) 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. But, 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.”
The Number 1 most important thing that determines the success of selling your property - Price. How do you figure that listing price? Here's a peek at how a good realtor does it.
Price your house at or slightly below the current market value and hire a professional. That will guarantee you maximize the price you get for your house.