Listing Agent Mistakes in the Long Beach Island NJ Real Estate Market
There is no question that selling a home in the LBI real estate market is a major financial undertaking. Taken as a whole, the LBI real estate market is an extremely high value one with the average price of a single-family home over $1 million. With so much on the line, home sellers need to be aware of these common listing agent errors in the LBI real estate market which can, and often times do, cost a great deal of money.
Common Listing Agent Errors in the LBI Real Estate Market
For many listing agents on Long Beach Island, real estate is a part-time career. Even if an agent works full-time, they most likely handle rentals in conjunction with sales which will distract them from the primary goal of selling a home. Without a clearly thought out plan, selling a home can prove to be very difficult. Below are the most common mistakes seeing when listing a home for sale in the LBI real estate market:
- Improper price
- Poor photographs
- Typographical error’s
Above all else, price is the number one factor involved in selling your home. There are mountains of data to support the fact that a home which is overpriced will spend more time on the market and ultimately sell for less money than a home which is priced correctly. That said, pricing is not an exact science which is why so many online valuation tools are proven to be wrong. To properly price at home, an agent must have a complete understanding of the LBI real estate market and know what other homes are like in relation to the home they are trying to price out. As I mentioned above, many agents on Long Beach Island primarily handle rentals and an absence of knowledge regarding other homes for sale on Long Beach Island can be critical for pricing error. In the age of the Internet, photos are extremely important. They must be good quality and show the house in the best light possible. All too often I see photos taken with a cell phone that are dark, do not show much of the room, and frankly do nothing to attract buyers to the home. This simple critical step is essential to getting your home sold for top dollar. Lastly, typographical error’s can prove to be to be costly mistakes. Long Beach Island falls under one ZIP Code and it is very common for the multiple listing service to incorrectly map a home. There are many listings in the MLS where you click on the address of a house and the location is somewhere in the middle of the bay! This obviously does nothing to help perspective buyers who are looking to be in a specific area.
Selling Homes in the LBI Real Estate
Real estate, like any profession, is based on performance. When handling a large transaction on Long Beach Island, you want to make sure your home is displayed in the best light possible. These simple steps above all too often lead to homes sitting on the market needlessly. It is for this reason that we so often see a home having spent six months on the market, expire, change the listing agents and sell within a week! For more information about common listing agent errors in the LBI real estate market or selling a home on Long Beach Island New Jersey, please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | firstname.lastname@example.org
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