Are you thinking about selling your property and it’s currently a seller’s market? Keep reading this blog post to discover the 5 ways to attract multiple offers in a seller’s market in North Richland Hills…
A seller’s market is one in which the seller has an advantage. Often, it means that there are more buyers than sellers: so many buyers are looking at just a few available properties.
But just because you naturally have an advantage in a seller’s market, doesn’t mean you’re home free to sell at massive profit. You should still strive to get as many offers as possible and, in doing so, give you the opportunity to select the best offer for yourself.
Why do you want multiple offers? It’s the simple concept of a “bidding war” – if you get one offer, you might feel forced to take it. But multiple offers allows you to choose from the best one, and even to negotiate from a stronger position.
Here Are 7 Ways To Attract Multiple Offers In A Seller’s Market In North Richland Hills
Price the property a little bit lower than market value. You might be surprised at the number of offers that come in. Your broker can help you assess and navigate the offers and to possibly request potential buyers make a bid or to resubmit their best offers, which allows you the option to select the highest bid and the best terms regarding financing, buyer inspections or contingencies, closing costs and more.
#2. Hold an Open House
Cast a wide net by having an Open House will pull in a wider pool of people. This could lead to having multiple offers simultaneously
#3. Set the Stage
Even in a Seller’s Market you want to present your home in a way that will pique the interest of prospective buyers. Whether you’re holding an Open House or getting ready for showings you’ll want to do a thorough cleaning and spend some time simplifying the space to allow the prospective buyers the ability to imagine their belongings there.
#4. Allow Private Showings
Some Sellers opt to limit showings to certain time frames to create competition among the prospective buyers who show up. This is sometimes effective. But you might be preventing the most serious buyers from being able to see the home. Accommodating as many private showings as you can, just might be a better strategy. Many people have busy schedules and can’t attend an open house or showing at a particular time.
#5. Make it Pop!
Appeal to the senses to make your house one to remember. How can you use paint or lighting to make the entryway inviting? Because scents are connected to memory, consider how a fresh clean scent like orange or lemon might enhance your home’s appeal. Painting the door or the frame a bright color that is complementary with the exterior or adding some décor like a wreath, a fountain or a porch swing, or changing your house address numbers to a more unique font will be just the right touch to make your house stand out from all the rest.
#6. Market Your Ideal Buyer
Would your home be attractive to people who are looking to downsize or to those who are looking to move to a larger, more luxurious home? Would your home be a good fit for a first-time home buyer? Or would your home be a good fit for someone looking to fix and flip or for an investor? Focused marketing on the right types of buyers may lead to having many more offers.
#7. Consider a Cash Offer
Texas Best Home Buyers is buying homes in the North Richland Hills, Texas area. We’d be happy to discuss this option with you. Fill out the form below or contact us at (817)808-4911
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Increase your options with receiving multiple offers with these 7 Tips for a Seller’s Market. Texas Best Home Buyers is here to assist you!