Selling Your Home on LBI? Avoid This Pricing Mistake
- Nathan Colmer
- Sep 3
- 2 min read
Selling Your Home on Long Beach Island New Jersey? Avoid This Pricing Mistake
If you are planning to sell your home in the Long Beach Island (LBI) real estate market, there is one critical mistake you will want to avoid: overpricing your property. While listing high gives you room to negotiate or increases your potential profit, it often leads to fewer showings, longer time on market, and ultimately, price reductions. Overpricing a home in the LBI NJ real estate market is, by far, the most common and costly mistake you can make!
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Selling Your Home on LBI? Why Overpricing Hurts Your Sale
Today’s buyers are navigating high home prices and elevated mortgage rates. That means they’re watching every dollar—and they’re quick to skip over listings that feel overpriced. Instead of thinking, “I’ll negotiate,” many buyers simply move on to the next home that fits their budget. When your home is priced above market value, it risks being overlooked entirely. And fewer views mean fewer showings, which in turn lead to fewer offers. Worse still, homes that linger on the market often raise red flags for buyers. This is especially true in the LBI real estate market, where inventory is low and homes typically sell in a few months at most. Even if the only issue is the price, extended time on the market can create doubt. Buyers may wonder if there’s something wrong with the home or assume it’s undesirable. And once you reduce the price, it can reinforce those concerns.
LBI Real Estate Market Data Supports Smart Pricing
Data from the LBI real estate market shows that homes priced correctly from the start are sold faster and closer to the asking price. In fact, the average close-to-list price ratio across oceanside, oceanblock, and oceanfront homes is consistently around 95–100%. That means sellers who price right are seeing strong buyer interest and successful closings. The key to a successful sale is working with a local real estate expert who understands the nuances of the LBI market. A knowledgeable agent will:
Use current market data to assess your home’s value
Recommend a competitive price that attracts qualified buyers
Help you avoid costly price reductions and delays
You want someone honest, experienced, and focused on helping you get the best possible outcome—not just someone who agrees with any number you suggest. In the LBI real estate market, pricing your home correctly is everything. Overpricing can lead to missed opportunities, longer time on market, and lower final sale prices. Instead, partner with a trusted local agent who knows how to position your home to sell quickly and profitably.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
