The market for Hoboken homes for sale is competitive right now. It’s common for homes to receive multiple offers and sell for an amount higher than the original listing price. This doesn’t mean every homeowner will see their property sell in a bidding war or receive multiple high-dollar offers. If you want to increase your odds of success when you put your home on the market, there are several things you’ll need to know and do as you get started. Here are a few things you may not know about listing Hoboken homes for sale, which will help you maximize your profits and find a quicker deal to sell your home.
Your home’s price is one of your primary marketing tools
Your listing price is a marketing tool because it impacts who sees your home listing and their interest level. It’s important to consider how to attract more buyers by strategically pricing your home. Obviously, you want to consider what your home’s appraised value might be. Your real estate agent will help you run a Comparative Market Analysis that gives you a better idea of what similar homes in your area are selling for.
From there, you can look at the current availability of other homes on the market to better understand what you’re up against. Perhaps you can capitalize on a gap in the market where there’s a lack of supply in a given price range. This is an excellent way for your home to command greater interest and stand out on the market.
Some seasons are better than others
Most homeowners are surprised to learn they can make more money on their home by choosing the right time of year to put their property on the market. Typically, buyer demand is higher during the late spring and early summer. There are several reasons why this is the case. Some buyers are excited to shop for homes after receiving their tax return, while others simply prefer to get out and see properties when temperatures warm up. If you have some flexibility on when you’ll sell your home, try to have your listing ready to go sometime in April. This way, you can capitalize on an increase in buyer demand that often leads to higher average sales prices.
You can order an inspection before you sell
Most home sales include an inspection the buyer purchases shortly after agreeing to a deal to buy the home. The inspector will come to look over the property and create a report about the home’s overall condition. Your sale can fall apart if the inspector discovers your home has significant damage or needs immediate repairs. You can avoid these surprises by scheduling your own inspection before you put your home on the market. This gives you a chance to address any outstanding concerns so that you won’t have to worry about losing a sale after you already have a deal.
You have plenty of options for how you’ll market your home
Effective marketing is crucial for any seller who wants to sell their home quickly and for a better price. There are many strategies that you can implement into your marketing plan. These include traditional methods such as putting a “for sale” sign in your front yard in addition to online and digital marketing efforts. Many sellers succeed in running promoted social media ad campaigns that allow them to target specific demographics based on age and geography. Others use SEO-optimization tactics to increase the visibility of their online listing as buyers use search engines to shop for homes. At a minimum, you’ll want to create a compelling online listing that includes high-quality professional photographs and a brief written description of your home that emphasizes its best features.
You don’t have to accept the first offer you receive
Once you have your home ready to go on the market and buyers begin seeing the property in person, you’ll likely receive an initial offer for an amount below your listing price. You don’t have to accept the first offer as-is: you can reject the offer outright or propose a counteroffer.
Your real estate agent has plenty of experience in negotiating home sales, and they will advise you on how to respond to each offer as they come in. If you reach a point where you are trading offers back and forth with a prospective buyer, your agent will advise you on when to ask for more and when it’s best to accept the offer and lock in a deal.
You don’t have to work alone
FSBO (for sale by owner) listings are becoming more popular, but most sellers still prefer to team up with a local real estate agent who can make the sale easier and help you walk away with a better deal. Your real estate agent will assist you in pricing, marketing, and staging your home. They will represent you in negotiations so that you can get the best deal possible. They will stand by your side in the days and weeks leading up to closing so that you are fully prepared to come to the table and sign papers. You’ll thank yourself for choosing not to go through the process alone.
When you work with
Team Francesco, you’ll partner with a group that consists of several of the most highly-respected and top-producing agents in the New Jersey area. The team leader Francesco Mazzaferro brings over 20 years of experience into each transaction. The group’s goal is to consistently exceed the expectations of their clients as they help each person shop for Hoboken homes for sale. Contact their office if you’re looking for a trusted advisor who can walk alongside you while selling your home. They would be glad to help you!
*Header photo courtesy of Team Unsplash
