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2 Tips to Ensure You Get the Most Money When Selling Your House #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Monday, December 19, 2016   /   by Matthew Freda

2 Tips to Ensure You Get the Most Money When Selling Your House #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

2 Tips to Ensure You Get the Most Money When Selling Your House | Simplifying The Market


2 Tips to Ensure You Get the Most Money When Selling Your House







Every homeowner wants to make sure they get the best price 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.




1. Price it a LITTLE LOW 




This may seem counterintuitive. 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 (see chart below).


2 Tips to Ensure You Get the Most Money When Selling Your House | Simplifying The Market


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 underpriced, especially in areas with low inventory.”





2. Use a Real Estate Professional




This too may seem counterintuitive. The seller may think they would net more money if they didn’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.


Research posted by the National Association of Realtors revealed that:



“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”





Bottom Line




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.




eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

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