{"id":1964,"date":"2017-09-25T10:00:45","date_gmt":"2017-09-25T10:00:45","guid":{"rendered":"https:\/\/thezakariagroup.com\/how-to-get-the-most-money-from-the-sale-of-your-home\/"},"modified":"2017-09-25T10:00:45","modified_gmt":"2017-09-25T10:00:45","slug":"how-to-get-the-most-money-from-the-sale-of-your-home","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/how-to-get-the-most-money-from-the-sale-of-your-home\/","title":{"rendered":"How to Get the Most Money from the Sale of Your Home"},"content":{"rendered":"
\n

\"How<\/p>\n

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 ensure that you get the highest price possible.<\/span><\/p>\n

1. Price it a LITTLE LOW\u00a0<\/strong><\/h4>\n

This may seem counterintuitive. However, let\u2019s 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<\/em>).<\/p>\n

\"How<\/a><\/p>\n

Instead of the seller trying to \u2018win\u2019 the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the\u00a0seller\u00a0<\/em>will not be fighting with a\u00a0buyer\u00a0<\/em>over the price, but will instead have\u00a0multiple buyers<\/em>\u00a0fighting with\u00a0each other\u00a0<\/em>over the house.<\/p>\n

Realtor.com\u00a0<\/em>gives this advice:<\/p>\n

\n

\u201cAim to price your property at or just slightly below the going rate. Today\u2019s buyers are highly informed, so if they sense they\u2019re getting a deal, they\u2019re likely to bid up a property that\u2019s slightly underpriced, especially in areas with low inventory.\u201d<\/em><\/p>\n<\/blockquote>\n

2. Use a Real Estate Professional<\/strong><\/h4>\n

This, too, may seem counterintuitive. The seller may think they would make more money if they didn\u2019t 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.<\/p>\n

A new study<\/a> by Collateral Analytics<\/em>, reveals that FSBOs don\u2019t actually save any money, and in some cases may be costing themselves more, by not listing with an agent.<\/p>\n

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:<\/p>\n

\n

\u201cFSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.\u201d<\/em><\/p>\n<\/blockquote>\n

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.<\/p>\n

Bottom Line<\/strong><\/h3>\n

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.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

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 ensure that you get the highest price possible. 1. Price it a LITTLE LOW\u00a0 This may seem counterintuitive. However, let\u2019s look at […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,106,108],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nHow to Get the Most Money from the Sale of Your Home - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/how-to-get-the-most-money-from-the-sale-of-your-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Get the Most Money from the Sale of Your Home - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Every homeowner wants to make sure they maximize their financial reward when selling their home. 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