How To Get The Most Money In The Portland Market Whan Selling Your Home

Dated: 03/13/2017

Views: 114

How to Get the Most Money in The Portland Market When Selling Your Home


How to Get the Most Money When Selling Your Home | MyKCM

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 reality, this just dramatically lessens the demand for their house (see chart below).

How to Get the Most Money When Selling Your Home | MyKCM

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, as the seller likely believes that he or she will net more money if they don’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. This will guarantee that you maximize the price you get for your house.

Latest Blog Posts

5 Reasons To Sell Your House This Fall In The Portland Area

5 Reasons to Sell Your House This Fall in the Portland Area Have you been thinking about putting your house on the market? What about moving-up to the house of your dreams? With supply and

Read More

Home Prices The Difference 5 Years Makes

Home Prices: The Difference 5 Years MakesCoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing

Read More

21908 SW Vintner Sherwood OR 97140 For Lease

This is it! Highly sought after Sherwood Schools and area. 4 bedroom, 2.5 bath town home. Brand new laminate hardwoods throughout main floor. Open kitchen with an eating bar, gas fireplace and

Read More

Are Homebuyers Starting To Hit The Pause Button In Oregon

Are Homebuyers Starting to Hit the ‘Pause’ Button?For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to

Read More