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How to get the best sale price as a home seller

What academic research on housing markets says about getting the best sale prices

Alex Steryous·
How to get the best sale price as a home seller

So, you want to sell your house. Or...you are selling your house. How do you get the best sale price?

Here's what academically backed research and data say:

Pricing strategy matters...
Listing slightly below market value can trigger competing bids and a higher final price than overpricing and cutting later. Homes that sit on market long tend to sell for less — buyers read stale listings as a red flag. --> Sellers love competing buyers. Try pricing slightly below what you or your realtor thinks is market value.

Round-number list prices anchor buyers differently than precise ones; some studies find precise prices (e.g., $402,300) signal the seller did careful analysis, which can support higher offers.

There's a negotiating book called, "Never Split the Difference." The author, a former FBI negotiator, mentions a similar tactic. Look into it.

Timing

Spring listings (especially April–June) tend to sell faster and at higher prices in most markets due to buyer demand cycles.
Weekend listings get more initial foot traffic/views.

Presentation
Staging and professional photography correlate with both faster sales and higher prices — buyers form judgments within seconds of seeing photos online. If you don't want to pay for staging, then consider having AI generate staged images for you, just be sure to include real pics too and explicitly mention the staged photos are AI renderings.

Curb appeal and "first five seconds" effects are well documented; landscaping and exterior touch-ups have strong ROI relative to cost.

Agent and process factors
Using a real estate agent, on average, correlates with higher sale prices, though part of this gap reflects agents selecting better-priced homes, not just negotiation skill.
Multiple-offer situations (achieved through pricing/timing above) are one of the most reliable levers for exceeding asking price.

Behavioral quirks
Sellers are subject to loss aversion — anchoring to what they paid or a past appraisal often leads to overpricing and worse outcomes.
"Left-digit bias" matters: pricing at $399,000 vs $400,000 affects which search filters catch the listing, not just perception.

Buying or selling? Let's talk.

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