Tag: wendy collins realtor

20
Feb

2 Ways to Get the Most Money from The Sale of Your Home

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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 house?

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 house (see chart below).

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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 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.

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 house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

10
Jan

Just Listed in Point Loma- 1031 Leroy Street

1031Leroy.com

Create Your Dream Home in Point Loma!

6 bedroom 4.5 bath over 6000 square feet with spectacular views of City lights, San Diego Bay, Ocean, Coronado Islands and far as the eye can see!

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13
Jul

2305 WARRINGTON STREET New on the Market!

 

warringtonhttp://www.2305warrington.com

New on the Market!  2305 Warrington Street   OCEAN BEACH, CALIFORNIA

OPEN HOUSE SUNDAY, JULY 19TH 2-4 PM FREE ICE CREAM!

FROM POW WOW COWS ICE CREAM TRUCK!

Tucked away off a cul-de-sac and up a private drive, this immaculate 3 bedroom, 2.5 bath home is a world away from the cares of the day.

On the entry level, the living room boasts a fireplace and a built-in bar with wine refrigerator.  The bright open kitchen has been thoughtfully designed with self-closing cabinet drawers, lighted pantry, quartz countertops, and a convenient retractable island.  Off the rear of the home is a substantial deck offering fabulous entertaining space with a built in barbecue and tree top and Sea World fireworks views.  The family room, master bedroom suite, 2 additional bedrooms and bath along with a craft room are located on the second level.

This is the first time this wonderful home has been on the market in 40 years–plan to see it soon! CLICK ON THE WEBSITE FOR MORE DETAILS!