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THE ULTIMATE LBI SELLERS GUIDE

Everything You Need to Know About Selling a Home on Long Beach Island

SELLERS IN THE LONG BEACH ISLAND REAL ESTATE MARKET

LBI New Jersey Real Estate

When the time comes to sell your home on Long Beach Island, it's essential to work with an agent who has a comprehensive marketing strategy, an effective pricing structure, and a clear, day-by-day plan to guide you through the entire selling process. Simply listing your property on the MLS won’t generate the necessary traffic to ensure it sells for its true value. In the Long Beach Island real estate market, where demand can fluctuate and competition is high, a well-crafted approach is key.

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My strategy for selling homes on Long Beach Island is thorough and tailored to your unique property. From preparing your home for sale to setting the right price and utilizing the latest in marketing techniques, my plan is designed to get your home in front of the most potential buyers. I’ll also help you navigate the compliance requirements, particularly in the aftermath of Hurricane Sandy, and provide a detailed timeline for the process. With my expert guidance, you can feel confident that your home will stand out in the market and attract serious buyers, ensuring the best possible outcome.

EXPERT INSIGHTS TO NAVIGATE THE LBI REAL ESTATE MARKET

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Pricing Impact on Days on Market in LBI Real Estate

Pricing and Days on Market

When selecting the right agent to sell your house on Long Beach Island, you should make sure he or she has a complete understanding of the current market dynamics and how to price a home effectively. The difference between the correct listing price and the wrong listing price can be seen below:
 

A review of single-family home sales in Long Beach Township over a 90-day period shows the following trends.
 

Homes Without A Price Reduction

  • Total Sales: 24

  • Average Sales Price: $2,689,544

  • Average Days on Market: 35

  • Average List/Price Ratio: The sales price was 98.7% of the listing price
     

Homes With A Price Reduction

  • Total Sales: 11

  • Average Sales Price: $2,154,677

  • Average Days on Market: 121

  • Average List/Price Ratio: The sales price was 93.1% of the listing price
     

The results are nothing short of astounding. Homes that were well-priced from the start spent an average of about one-third of the time on the market, compared to homes that required a price adjustment. Roughly twice as many homes were sold, and the average sales price was considerably higher! Perhaps the most notable fact is the percentage of the sales price achieved in each category. The homes that were priced well from the start sold for 98.7% of their listing price, nearly full price. The homes were overpriced and had to be reduced, sold for 93.1% of their reduced price. This is a significant difference in the net sales of a home in the LBI real estate market. The benefits of pricing a home correctly cannot be overstated.

REAL ESTATE TIP:

If you negotiate a reduced sales commission make sure that reduction is taken by the LISTING broker only. Unfortunately some buyer agents will either not show or advise again a house with a reduced sales commission and the last thing you want to do is discourage a showing of your house.

EXPLORE MORE SELLER RESOURCES IN THE LBI REAL ESTATE MARKET
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