2 Tips For Getting The Most Money When Selling Your House

Dated: 07/06/2016

Views: 3722

Every homeowner wants to get the best price when selling their home. But how do you ensure that you receive maximum value for your house? Here are two keys that may help you get the highest sales price.


This may seem counter-productive. However, let’s look at this notion for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In most instances that can dramatically lessens the demand for your house (see chart below).


Instead of trying to ‘win’ negotiations with one buyer, it is typically better to price it so that demand for the home is increased. In that way, the seller will not be in a battle with 1 buyer over the price, but instead could have multiple buyers looking to “win” 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.”


To some Seller’s, this seems to be less than desirable. The seller may think they would net more money if they didn’t have to pay a real estate commission. Real Estate sales can be tricky and most Sellers are not familiar with Real Estate laws. Studies have shown that homes typically sell for more money when handled by a real estate professional.

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

Market conditions are always changing and there is no single formula for Real Estate sales success. Price your house at or slightly below the current market value and hire a professional. This will ensure that you have all of the tools in place to help you maximize the price you get for your home.

Latest Blog Posts

4x As Many Renters Looking To Buy as Homeowners Are Looking To Sell

When you sell your home, you want to make sure you’re getting the best price for your property. The best way to do that is to sell when demand is high and supply is low. And if you look at

Read More

Pricing Myths Sellers Should Avoid

When it comes down to it, the most important advice a Realtor can give home sellers is how to price their home correctly. No matter how attractive or well-maintained a home may be, how many upgrades

Read More


Budgeting for buying a home can be difficult enough when you’re just weighing mortgage options and a purchase price. But there are many other factors that go into the cost of home ownership. Some

Read More

Kitchen Decor HOW TO Stage

Once you've decided to put your home on the market, you're looking to sell quickly for the best possible price. One tactic that can help sell your home faster is staging. At first, staging may seem

Read More