Thinking Of Selling Your LBI Home

Dated: 06/27/2016

Views: 570

There are many things to consider when you decide to sell your home.  One is timing.  When is the market active? Many LBI owners wait until September to list their home for sale but that may be a mistake.  Did you know more Long Beach Island  homes are listed for sale in September than any other month of the year?  It makes more sense to get your home listed in July & August BEFORE you are competing with so many new listings.  Buyers are here all summer long and many of them start their search while on vacation. 

For most owners, the biggest factor may be price.  What is my home worth in today's market?  A comprehensive market analysis comparing the sales price of similar homes will result in a price range that should yield positive results.  All of us want to get the most money we can when we sell, which is understandable.  But overpricing your property will result in a longer selling period and ultimately a lower sales price.  Studies performed in our local market continue to produce the same results - homes that are initially priced too high sell for 88% of their original asking price and remain on the market more than twice as long as homes that are priced correctly for the market. Sellers who price correctly from the start, sell their homes for 94-95% of the asking price, on average.

If you are interested in learning more about the selling process on LBI, including buyers' questions about flood insurance and how we ease their concerns, please contact me.  I'm happy to meet with you to discuss your options.

Blog author image

Rob Romanowski

Cell: 609-618-6346 email: [email protected] I am a second generation Real Estate professional specializing in sales and vacation rentals on Long Beach Island and the surrounding communities. As....

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