To achieve the highest possible price for your Jersey Shore home, it is essential to be strategic in your pricing rather than overly optimistic. Even in a market with limited inventory, pricing your property well will attract competitive bids. This then results in a sale above the asking price. On the other hand, listing your property at a high price, even in this low inventory market, can lead to a prolonged time on the market and, in turn, reduced buyer interest. Listings can go stale pretty quickly. So pricing your property appropriately from the start makes all the difference in the world.
Remember, it is the buyers who ultimately determine the market price, not the sellers. By setting a realistic and attractive price, you generate more interest and create a sense of urgency among potential buyers. This leads to a favorable home sale for all parties involved.
A successful example of this approach is seen with my client Sue’s Margate property. It sold within just five days and fetched an impressive 12.5% above the asking price. If you want to be like Sue, carefully assess the current market conditions. Then, adopt a strategic pricing strategy to maximize the value of your property. This quick sale allowed Sue to then purchase her dream property….a condo right on the beach. Sounds like heaven to me.
If you would like a FREE comparative market analysis of your property’s value and expert guidance on how to maximize your sale price, please feel free to contact me. I’ll be happy to go over the results with you to help you come up with a pricing strategy that is successful, timely, and profitable for you. Together, we can get your Jersey Shore home sold today.
Sherri Lilienfeld, Apex Prime Realty, Your Source for Jersey Shore Real Estate