How to Avoid the Most Common Mistakes When Selling in the Long Beach Island New Jersey Real Estate Market
Selling a Home in the LBI NJ Real Estate Market
The real estate market on Long Beach Island New Jersey has shown an increasing price point and an increase in activity over the past few months. There has been major investment in the Long Beach Island area, plans for beach replenishment to help safeguard against future storms and many new homes being built all of which have helped to increase the value of homes in the area. With heightened activity in the sales market on LBI, it is important for sellers to understand the changing market, what determines the price of a house and how to avoid the Biggest Mistakes When Selling A Home in the LBI NJ Real Estate Market. Click here to search all homes for sale on Long Beach Island NJ
Biggest Mistakes When Selling A Home in the LBI NJ Real Estate Market
While there can be a number of reasons a home does not sell, a few stand out from the crowd in the LBI NJ real estate market. They are:
- Overpricing a listing
- Unpleasant odors
- Cluttered spaces in the home
Above all else, a house that is overpriced is the biggest impediment to a house not selling on Long Beach Island. While pricing a home can be difficult (remember no two homes are exactly alike) it is imperative that a house be priced in line with the market. Buyers are very well informed and with national real estate websites such as Zillow.com, Realtor.com and Trulia.com, it is easy for a buyer to see where a new listing falls into the local real estate market. Any house in any location on Long Beach Island will sell provided it is priced at a point reflective of its condition and location. The mentality that a house can be priced high to test the market and reduced at a later time will end up costing money. Apart from the additional carrying costs incurred when a house is on the market (such as a mortgage, insurance, taxes, etc) a study of homes that have sold on Long Beach Island shows that properties with price reductions sell for less money and spend longer on the market than a house that was priced well to begin. By far, overpricing a house is the Biggest Mistake When Selling A Home in the LBI NJ Real Estate Market.
Unpleasant odors can also contribute to a home not selling in the LBI NJ real estate market. What many call, “that beach smell” is most often due to a house being closed up over the winter months. This smell can very easily turn off potential buyers but there are some easy fixes to the problem. Carpet is one of the main culprits in bad odors as it will retain the moisture in the air and develop a musty or moldy smell. By removing carpet or at the very least replacing it, a potentially deal killing problem can be easily overcome. It is important to remember that bad odors can also be caused by trying to hide another smell. Buyers are actually turned off by air freshener designed to mask a smell and often leaves a feeling of wondering, “what are they trying to hide?”.
Clutter spaces are perhaps the easiest problem to correct when trying to sell a home on Long Beach Island New Jersey. It is important to remember that homes are by nature smaller on LBI so it is important to show as much space as possible. Clearing off counters, taking out some unused furniture or rearranging certain items in the house can not only make the house feel larger, it can also help a would be buyer envision themselves in the space. One thing I suggest leaving in the house (although it contradicts conventional thinking) are photos of your family having fun at the house. It is important to remember that for most, a home on Long Beach Island is all about fun and showing the fun that can be had at your property can help a buyer picture themselves sharing in the same experiences.
Selling a Home in the LBI Real Estate Market on Long Beach Island New Jersey
Selling a house on Long Beach Island is a major investment of time and energy. In order to sell, a house must be marketed correctly with the proper pictures to gain as much attention as possible when buyers being their searches. Since the vast majority of home buyers begin their searches online, it is important to market the house towards these digital consumers. I include virtual tours, interactive floor plans and as many photos as the MLS will allow so that buyers can obtain as much information and excitement about a listing as possible! For more tips about the Biggest Mistakes When Selling A Home in the LBI NJ Real Estate Market or to discuss your homes value in the LBI real estate market please do not hesitate to contact me, Nathan Colmer and I will be happy to answer any questions you have!
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | email@example.com