Here’s what you need to know about creating a bidding war for your home.
How can you create a multiple-offer situation when selling your home? Despite the fluctuations in the real estate market, home values have remained high. However, many sellers find their homes falling into one of two extremes: either receiving multiple offers above asking price or languishing on the market without any offers in sight. If you want to be one of the homes with multiple offers, here are five tips you can follow:
1. Price your home aggressively. Pricing slightly below comparable properties can attract more showings and, consequently, more offers. Collaborate with your agent to analyze recent comparable sales and list your home at a slight discount to generate buyer interest.
2. Make your home readily available for showings. While it may be inconvenient to keep your home show-ready, this proactive approach maximizes visibility and potential offers.
3. Enhance your curb appeal. Aim for a property that others want, meticulously staged and maintained to captivate prospective buyers’ hearts and minds.
“You can still get a great deal in this market; you just need to work with the right people. ”
4. Have a strong marketing strategy. Balancing urgency with ample time for buyers to view your home and submit offers can drive competition without alienating potential buyers.
5. Adjust your price if necessary. If your home has sat on the market for a long time, you might need to adjust your price. The market is moving all the time, and if you can catch the right wave, you can create a bidding war.
You can still get a great deal in this market; you just need to work with the right people. If you’re thinking about selling your home or would like a free value analysis, feel free to call or email us. We’re here to assist you every step of the way.
