Critical Stages Your LBI Real Estate Agent Needs to Sell a Home in the Long Beach Island Real Estate Market
Long Beach Island Real Estate
The LBI real estate market has seen enormous changes in the value of homes and the equity they now possess. Buyers face more challenges with high prices and mortgage rates, but the LBI real estate market is still strong and favors sellers. Selling a home in the Long Beach Island (LBI) real estate market can be challenging, especially for those unfamiliar with the LBI real estate market. To successfully list and sell a home in the LBI real estate market, a real estate agent should take the following key steps and approach the sale with methodical phases of pricing, marketing, and negotiation.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Market Listing Agent Selling Steps
There are many aspects to selling a home in the LBI real estate market. While every home will require a customized approach, there are a few common threads that all agents should employ when selling a home on Long Beach Island.
1. Determine the Home’s Market Value
One of the first steps in successfully selling a home in the LBI real estate market is to determine the home’s market value. This involves conducting a thorough market analysis of recent transactions on Long Beach Island to see what similar homes in the area are selling for. A real estate agent can help homeowners determine the value of their home by conducting a comparative market analysis (CMA), which considers various factors such as location, size, condition, and recent sales. In the LBI real estate market, subtle but significant attributes can have a major impact on price. For example, the future development potential of a home site, the cost of flood insurance, the frequency of flooding, and local zoning laws can swing the value of a home by hundreds of thousands of dollars!
2. Prepare the Home for Sale
Once the home’s market value has been determined in relation to sales in the LBI real estate market, the next step is to prepare the home for sale. This involves making any necessary repairs or updates to the home to make it more appealing to potential buyers. A real estate agent can provide recommendations on what improvements should be made to the home to increase its value and appeal. This may include staging the home, decluttering, and cleaning to make it more presentable to buyers. There are seasonal factors to consider on Long Beach Island as well. Since this is a second home market, you may want to open your home up with heat during the winter or keep the air conditioning on in the summer to keep it more comfortable when showing.
3. List the Home on the MLS and Other Online Platforms
After the home has been prepared for sale, the next step is to list the home on the Multiple Listing Service (MLS) and other relevant online platforms that service the LBI real estate sales market. This includes creating an eye-catching listing with professional photos and a detailed description of the home’s features and amenities. While entering the listing into the MLS will automatically port it out to major websites, there are ways to make the home rank higher in online showings and attract more digital attention.
4. Host Open Houses and Showings
Real estate agents should host open houses and showings to attract potential buyers to the home. While some may argue that this is an obsolete method, the LBI real estate market has a surprisingly high rate of success with open houses. Holding an open house in the LBI real estate market allows interested buyers to tour the home and see its features and amenities in person. Since many buyers come from a long distance away, they may want to explore other options that may not have been on their radar. An open house is a great way to introduce a home that may otherwise have yet to be seen by a home buyer. A real estate agent can coordinate and host these events, providing guidance to potential buyers and answering any questions they may have about the property.
Critical Stages Your LBI Real Estate Agent Needs to Sell a Home in the Long Beach Island Real Estate Market
Successfully listing and selling a home in the LBI real estate market requires a strategic approach and a deep understanding of the local market. Every market is different, and the second home market on Long Beach Island is highly specialized. It takes far more than just entering a home into the MLS to achieve a top dollar sale in the LBI real estate market, but by taking these key steps, real estate agents can help homeowners navigate the selling process smoothly and successfully sell their home for the best possible price. For more information about Long Beach Island or about the LBI real estate market please do not hesitate to contact me.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market