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Pricing Your Home

Determining the correct price to sell your home involves an understanding of the current market, where the market is heading, what other comparable homes are selling for, and how quickly you wish to sell your home. It is important to realize that just because one similar home sold within a certain time frame and closing price, does not guarantee yours will also. Every buyer is different.

Simply put, a property priced at (or even slightly below) market value will attract more buyers than a home priced above market value. It is crucial to consider that a property priced competitively will also attract a greater number of potential buyers often resulting in an increased opportunity for a higher-than-asking sales price, a quick sale, a sale with more favorable terms, or all of the above. For an accurate price assessment, please reach out to me for a professional evaluation.

The Effects of Overpricing

Overpricing

*This graph explains the average percentage difference between the Selling and Asking Price by the length of time the home was on the market.*

Source: © BRIGHT, All Rights Reserved

When To List Your Home

At the end of the day, you, the homeowner, decides when and with who you want to list your property. Many owners ask me when the “best time” to sell on LBI is. In my response, I tend to stray away from giving a specific month/time to recommend as the “best time to sell your home” because a sale can occur during any time of the year. There is no true telling whether your property will sell faster during a “slow” month versus an “active” month based on past data. That being said, going off this said data, much of the island sees a boom in new homes for sale after the New Year and through the Spring. Recently, based off of 2022, the months of June-October have showed an increase in sales activity as well. I like to call these home buyer’s during the summer months the “FOMO” (fear of missing out) crowd. Many of these buyers feel rushed to close on their new homes before the beautiful summer weather comes to an end. Of course, patterns can change due to overall market conditions, much like we are seeing in 2023. In summary, listing your home during the right time can be a major advantage in terms of getting the highest value for your home in the shortest time frame. Contact me today to learn more about current timing in the LBI real estate market.

Seller Information

Are you looking to sell your home on Long Beach Island? Look no further! My seller information page is your go-to guide for a smooth and successful selling experience. From staging tips to typical closing costs, we have you covered every step of the way. Learn more by clicking the link below!

Current Market Update

Important Real Estate Links

In need of valuable resources to navigate the real estate world effectively? Look no further. My collection of crucial real estate links is curated to provide you with the essential tools and information necessary for your property endeavors. Ready to embark on your real estate journey? Explore my directory of links today and take the first step towards achieving your real estate goals. Your success story begins here.