The Jersey Shore by Karl Hess

Is Your Barnegat House Priced to Sell Immediately?

Price your Barnegat Home Right from the Beginning!

Overpricing a home is the #1-way sellers sabotage their ability to get the most money for their property. The common logic is that pricing a home higher will lead to a higher sale price – that is faulty reasoning.

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do.

According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years but have started to slow to 3.6% over the last 12 months. By this time next year, CoreLogic predicts home values will be 5.4% higher.

In Barnegat, the sales price has increased by 5.03% over the last 2 years. The list price for homes have increased by 11.93%. But, the average sale price of Barnegat homes has actually decreased by 1.68% over the last year.

What’s Your Barnegat Home Worth – Get an Instant, FREE valuation!

With prices slowing from their previous pace, homeowners must realize that pricing their homes a little over market value to leave room for negotiation will actually dramatically decrease the number of buyers who will see their listing (see the chart below).

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price their house so demand for the home is maximized. By doing so, the seller will not be negotiating with a buyer over the price, but will instead have multiple buyers competing with each other over the house.

Barnegat Housing Market Trends

The secret is making sure your house is Priced To Sell Immediately (PTSI). That way, your home will be seen by the most potential buyers. It will sell at a great price before more competition comes to the market.

Bottom Line

If you’re debating listing your Barnegat house for sale, let’s get together to discuss how to price your home appropriately and maximize your exposure.

Karl Hess provides expert real estate services to residential buyers and sellers in Barnegat and the surrounding communities. Contact us today for more information on Barnegat Real Estate and for professional assistance navigating this complex home market.

As always, thank you for your time and feel free to get in touch if you have any questionsKarl Hess, Your Realtor on The Jersey Shore in Ocean County

 

 

 

 609-553-7926

Find Your Dream Home on The Jersey Shore in Ocean County!

www.TheJerseyShoreHomeFinder.com

 

 Licensed in New Jersey.  Keller Williams Shore Properties 

1400 Hooper Ave. Toms River NJ 08753 Phone: 732-797-9001

 

 

 

Comment balloon 1 commentKarl Hess • September 26 2019 11:42AM
Is Your Barnegat House Priced to Sell Immediately?
share
Price your Barnegat Home Right from the Beginning! Overpricing a home is the #1-way sellers sabotage their ability to get the most money for their property. The common logic is that pricing a home higher will lead to a higher sale price – that is… more
Real Estate Investing in Ocean County
share
The Surprising Profile of the Real Estate Investor Buying and owning real estate is an exciting investment strategy, that can be both satisfying and lucrative. Unlike stock and bond investors, prospective real estate owners can use leverage to buy… more
Southern Regional School District Gets “A”
share
Sothern Regional Schools District get’s high grade from Niche. The Southern Regional School District ranks third in Ocean County and in the top 20% in New Jersey, according to data compiler Niche. Niche released its rankings for the 2019-2020… more
Ocean County Mid-Year Housing Market Update
share
Ocean County Mid-Year Housing Market Update 6 Months into the 2019 Ocean County Real Estate Trends: Three Things to Know Today Shifting trends and industry-leading research are pointing toward some valuable projections about the status of the… more
Our Gang Players Fundraiser
share
Our Gang Players announces their 4th Annual Gift Auction: "42 Years at the Shore" on Saturday August 17, 2019 at St. Mary's of the Pines, 100 Bishop Way, Manahawkin. Doors will open at 4:30pm & drawing starts at 6:00pm. There will… more
Barnegat July 4 Celebrations 2019
share
The Fourth of July, wherein we celebrate The Declaration of Independence is right around the corner which means it's time for backyard barbecues at home followed by a concert and fireworks at the Barnegat Municipal Dock on July 3 (rain date July… more
Waterfront Home in Waretown (Ocean County) for Sale
share
28 Cable Rd, Waretown, NJ 08758 Attention boaters, fishermen, jet skiers and all water enthusiasts; here's your chance to own a move-in ready home on a wide lagoon under appraised value!! Literally minutes to the bay and directly across from the… more
Barnegat Open House this Weekend
share
Large Home on over Half an Acre, Minutes to the Beaches of Long Beach Island 124 Rockrimmon Blvd., Barnegat, NJ - This stunning 4-bedroom, 3. 5 bath home with 3300+ square feet on over 5 acre is the house you've been looking for! Hardwood floors,… more
Barnegat Bay Boat Tours 2019
share
The Ocean County Parks and Recreation will be offering a limited number of Boat Tours on Barnegat Bay this summer. Tours will disembark from Boat Dock, County Parks Administration Office, Toms River and Boat Dock, Tuckerton Seaport, Tuckerton.. more
Barnegat Dock Concert Series 2019
share
Summer is almost here, which means it’s time for the Barnegat Dock Concert Series! Here’s what you can expect: Sounds of the Streets claims to be NJ's premier oldies/doowop group featuring the sounds of the 50's, 60's and 70's. Reflections State… more