Thanks to the low interest rates, home sales and home values have been on a noticeable uptick around the nation. Lending standards are far more lenient than they’ve been for a while and foreclosure rates are continuously dropping. Sellers around the nation are rejoicing.
However, even with all of that buyer activity, there seems to be one of two situations with most of the houses on the market. Homes either get lapped up the moment that they hit the market or they sit around the market without any offers at all.
Every seller wants the latter. The good thing is, it’s not totally up to luck. Here are a few ways that you can get multiple offers on your home as a seller.
Price Your Home Aggressively
Homes that tend to get more offers than one are typically sold in what we like to call an “auction” atmosphere. Think back to the last auction that you participated in online or saw on television. If you remember anything, you probably remember that the starting price was much lower than the final price of the sale.
Pricing your home a bit lower than people expect will get them excited. More buyers will show up to view your home and eventually enough buyers will bid it up to a higher price point.
Give Brokers and Buyers Access
You need find your target buyer and get yourself into their shoes. Let’s say there are currently 50 homes on the market, all of which meet their desired specs, including square footage, bedrooms, bathrooms, location, and price range. 20 of those homes sit at the top of the list. However, they only have time to check out five of those homes today.
If a buyer or broker can’t get into your house today thanks to the limitations you have put in place, you might miss out on a potentially successful showing.
Yes, it might seem quite simple, though if you’re looking to procure multiple offers, you must make sure your home is ready to view whenever prospective buyers are ready to view it. It may be inconvenient and frustrating, though selling a home is a challenge and this is just one of the difficult parts.
You need to consider your priorities and get ready to deal with the potential inconvenience to acquire multiple offers.
Spruce It Up
Most homes that receive multiple offers exude both form and function. Remember, you’re in competition with every house on the market that is in your area. You don’t simply want to edge past the other house that looks good at the end of the street. You want to enter the HEARTS of your prospective buyers.
If you want multiple offers at your doorstep, then you need to get buyers to fall in love with your home as much as you have.
Ensure that your home is immaculately cleaned on the inside and outside. Declutter your home and get rid of all personal belongings. Add a fresh coat of paint.
If you’ve recently renovated your home or threw in the addition of a new appliance, market it! Show buyers that your home is ready to move into NOW and will act as the perfect home for them in the long run. This will ultimately help you sell your home in Washington.