Wednesday, February 20, 2019 / by Connie Tracy
Thinking about moving? Scaling down or retiring? Looking to spread out and have a place to store your toys? Have a certain figure in mind that you need to sell for? Our market continues to heat up even in in the dead of winter. Multiple offers are continuing to inundate our market. As a seller, if you your home is priced right, you might be able to get a little more than what you may be needing. Go over with your agent if setting a bidding war is smart for the sale of your home, and if they give the green light, here are a few things to consider to help get your sales price over asking after starting a bidding competition.
1. ATTRACT MORE BUYERS
When there isn't much interest in a property, buyer's get nervous and suspicious that there may be something wrong with the home that they may be missing, and that could sometimes be further from the truth. You want to price your home competitively to entice more showings. When you price your home right under the market standard, it leads to more showings, more appointments, and more excitement around your home.
2. PRICE IT TO MOVE IT
You want to make sure your price gets buyers interested in your property. Even if they end up paying more than asking, the excitement from feeling like they are getting a deal and landing your home sets the right mood for buyers to WANT your property. Always price the home in a way that is going to appeal to a large audience. Pricing a home at $399,900 can generally generate more foot traffic than one listed at $400,000. Advertising a home for sale that is listed for slightly under the market value can attract a lot of interest, which can lead to the home selling for more than what the seller originally wanted.
4. STAGING IS KEY
It's without question that to get over market value for your home, it has to be in tip-top condition. Discuss with your agent the importance of having your home professionally cleaned and stage to attract more buyers. Starting up a buzz won't lead to much if buyers walk into your home and turned off by orders, unappealing lighting, or rooms that are not properly staged. You want to allow buyers and opportunity to see your home in the best light the first time they walk through your door.
5. SET A DEADLINE
Have your agent set a deadline for offers, say a Monday or Tuesday, right after a weekend of doing open houses. This can generate a sense of urgency around your home, letting buyers think there is a large amount of interest and to get offers in quickly. Setting them up with this state of urgency generally makes them want to put their best foot forward with their first offer.
Check out my website at connie.viewhomesinspokane.com for more helpful articles for buyers and sellers! The more you know, the more prepared you will be in this competitive market.
Ready to sell your home? Want to purchase the home of your dreams? Have more questions?
Call or shoot me a text and I will be happy to share more with you about selling or buying a home!
Your friendly Real Estate Expert...Cheers!
Haven Real Estate Group