Selling? Here’s 2 Ways to Get the Best Price! ๐Ÿ˜ƒ-๐Ÿก๐Ÿ‘จโ€๐Ÿ’ผ๐Ÿ’ฐ-๐Ÿ‘Œ๐Ÿ˜‰

Every 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?

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

 

1. Price it a Little Low

This may seem counterintuitive, but letโ€™s take a look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave themย with room for negotiation when, in actuality, it just dramatically lessens the demand for their housesย (see chart – Impact of Price on Visibility).

Instead of the seller trying to โ€˜winโ€™ the negotiation with one buyer, they should price their house so that demand for the home is maximized. By doing so, theย sellerย will not be fighting withย aย buyerย over the price but will instead haveย multiple buyersย fighting withย each otherย over the house.

Realtor.comย gives this advice:

โ€œAim to price your property at or just slightly below the going rate. Todayโ€™s buyers are highly informed, so if they sense theyโ€™re getting a deal, theyโ€™re likely to bid up a property thatโ€™s slightly underpriced, especially in areas with low inventory.โ€

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.

Aย studyย byย Collateral Analytics,ย reveals that FSBOs donโ€™t actually save any money, and in some cases may be costing themselves more, by not listing with an agent. The data showed that:

โ€œFSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.โ€

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.

 

Bottom Line

Contact us and we will help you create the perfect Price Strategy.

 

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

 

About Ady Simion (Realtor and Public Notary)

Ady Simion was named in the Top 1% of all agents for NRT LLC a subsidiary of Realogy that operates a variety of real estate offices under brands such as Coldwell Banker, Sotheby's International Realty, Century 21, The Corcoran Group, and the technology-based brokerages ZipRealty and Climb Real Estate. NRT has 787 offices and 47,000 sales associates. Selling and buying property can be very stressful but with the right agent it can be profitable and a fun experience. Ady is also a Notary Public and being a people person he wants to help negotiate for his clients making their transactions as smooth as possible. Adyโ€™s goals are simple: He wants to be the best source of information on the Los Angeles area Real Estate market, as he assists clients through each transaction with care and professionalism. He is proud of his large referral base of clients who have placed their trust in him over the years. Why him, when there are so many good people out there?!?! โ€ข Sellers will have their property exposed to the largest team of sales professionals in the world by far. Coldwell Banker Agents sale more homes than anyone else. โ€ข Buyers will have the opportunity to view more properties exclusively. โ€ข And most importantly when you hire him you get a whole team working for you not just โ€œonly one personโ€. Ady Simion started his Professional Career as an Insurance Agent, and then mastered the Mortgage Industry focusing on helping buyers and sellers achieve their life dreams. He now is an Agent with the Largest Residential Real Estate Company in the nation and the world, Coldwell Banker, at the Pasadena office which is the leader in the areas in which he specializes. After finishing College Ady has consistently been a Top Producer in every office/business he worked at. He speaks English, Romanian and Spanish. Real Estate is constantly changing and working with an agent that has been involved in the Real Estate buying/selling process most of his life is always beneficial for clients. Call, text or e-mail him or just stop by to say Hi and ask any real estate questions you may have.

Posted on January 14, 2019, in Uncategorized. Bookmark the permalink. Leave a comment.

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