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 .
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 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 this being said , studies have shown that homes typically sell for more money when handled by a real estate professional .
Recent research posted by the Economists ’ Outlook Blog revealed that :
“ The median selling price for all FSBO 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 . However , 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 .”
Bottom Line Price your house at or slightly below the current market value and hire a professional in order to guarantee that you maximize the price you get for your house .
NICOLEMICKLE . COM 4