Long Beach Island NJ Real Estate | LBI Real Estate Market | Long Beach Island New Jersey
Nathan Colmer 609.290.4293

 

Selling LBI Real Estate

 

 

 

 

 

Selling LBI Real Estate | Long Beach Island NJ Real Estate | LBI Real Estate Market

 

Selling a Home in the Long Beach Island Real Estate Market

Selling a home in the Long Beach Island real estate market is a major financial undertaking . It is highly likely that your home on Long Beach Island is it considerable asset and worth a great deal of money. It is important to remember that all three steps must be taken into consideration when selling a home in the LBI real estate market. Developing a strong marketing platform to complement the proper pricing strategy which takes into account the overall condition of a home is a recipe for success when selling a home on Long Beach Island. 

 

 

 

 

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 Long Beach Island NJ Real Estate | LBI Real Estate Market
 Long Beach Island NJ Real Estate | LBI Real Estate Market
 Long Beach Island NJ Real Estate | LBI Real Estate Market
 Long Beach Island NJ Real Estate | LBI Real Estate Market

 

 

Selling LBI Real Estate | Long Beach Island NJ Real Estate | LBI Real Estate Market

 

Tips For Selling Your Home on Long Beach Island New Jersey

  • Start off with a plan: It is important to understand that there are different seasons to the real estate market on Long Beach Island. With the entire LBI economy centering around summer, there are some times of year where listing a house will garner more exposure and potentially spend less time on the market.
  • Price your home realistically: An overpriced house will simply not sell. Regardless of how much someone may fall in love with your property, a home that is not based on market comparable will sit on the market indefinitely. This has to do not only with there being a plethora of data regarding home prices on Long Beach Island readily available, but also the fact that the home which is being purchased with the mortgage must withstand a bank appraiser. If a house is overpriced, it will not appraise and the deal will most likely fall apart.
  • Have a buyers questions answered before they ask: Every home will have some unique characteristics which can influence the price and the ability of the home to sell. For example, if a home is not elevated on pilings The seller should have a flood elevation certificate ready and an estimated cost of insurance as buyers are likely to ask these questions.

 

 

 

 

Selling LBI Real Estate | Long Beach Island NJ Real Estate | LBI Real Estate Market

 

Things to Remember When Selling a Home on Long Beach Island

Impartiality can go a long way to creating a smoother transaction that can result in a higher sales price for the seller. There are a few ways this can be demonstrated. For example:

  • A home must be priced in accordance with recent comparable sales
  • Repairs are different from renovations and can have a minimal impact on the value of a home
  • Interview multiple agents, even if one of the agents is your friend

Above all else, pricing a home correctly will determine the amount of activity a seller receives. There is no secret formula to advertising a home online and the truth of the matter is once a property is entered into the multiple listing service, it will be available to most agents and most online search portals. While there are things that can be done to make a home stand out more online, for example I create individual property websites for each of my listings, the price is the number one determining factor in the amount of activity. Repairs and maintenance of a home will ensure top dollar for the price bracket you are competing with but they will not increase the overall market for your home. Many sellers will list with a friend or an acquaintance who they know has a real estate license rather than seeking the best person for the job. This can be an expensive mistake because the majority of agents in the LBI real estate market only sell a few houses each year. Therefore they lack the knowledge of the market and the current trends to property market a house. By interviewing multiple agents you will learn the difference in both the approach and the knowledge of it seasoned agent versus a part time agent.

 

 

 

Selling LBI Real Estate | Long Beach Island NJ Real Estate | LBI Real Estate Market

 

Pricing a Home in the LBI Real Estate Market

When pricing a home in the LBI real estate market it is important to remain impartial and price in line with the market. When a home first goes on the market it will attract the attention of potential buyers and should seem like a real value.

  • Factors such as location, condition and flood insurance will be used to value a home
  • Interest rates will help determine liquidity because as interest rates rise, the buying power of a buyer decreases.
  • The overall condition of the economy helps determine if a potential buyer will in fact buy a house or if he/she will rent a house.

It is important to remain aware of all different aspects of the LBI real estate market and the greater economy to ensure you have the right price set for your home.

 

 

 

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Nathan Colmer

The Van Dyk Group

Cell: 609.290.4293

Toll Free: 800.222.0131

Contact Nathan