If you are a homeowner who is selling your property, you probably want the highest possible offer for the sale. The nature of the market is very competitive, so it is something you should take advantage of. In order to fuel the competition among your potential buyers, here are five tips you can follow.
1. Start Low to Finish High
One basic way to start a bidding war is to price your property low. You might think it’s scary to price your home lower than the average value, but a lower price will attract a lot of attention. You will end up generating multiple showings in just a few days, and this will prompt multiple offers that could potentially yield a price higher than your expectations.
2. Create a Deadline for the Offers
When you set a deadline for the offers, you lead your potential buyers to think that they have “one last shot” to make a lasting impression. This will also encourage those buyers who take their time to get into the competitive action.
You should, however, keep in mind that you must only set a deadline once you have at least two offers on the table.
3. Generate Lots of Interest about Your Home
In order to really reel people in, you have to use all the platforms available to pitch your home. The most common strategy is to get in the Multiple Listing Service (MLS), but you can also use your social media accounts to publish posts about your open house. You can even send out emails containing digital brochures about the amenities of your home.
4. Take Gorgeous Property Photos
A picture is worth a thousand words, but you will often find that listings showcase images in the same, boring way. To rise above the competition and spark a bidding war for your home, you have to upload or publish high quality graphics that highlight the unique aspects of your home. These photos have to present your home in such a way that it’s easy for potential buyers to see themselves living in the home. You can check out some tips for fabulous property photography if you want to take the images on your own, without the help of a professional photographer.
5. Wow Your Potential Buyers at the Open House
To really start a bidding war for your property, you really have to make sure that your home is perfect for the open house. A professional home stager can help you with this, but if you want to go DIY then you can search for inexpensive home staging ideas to impress your potential buyers.
Generally speaking, it is better that you keep the color palette of the rooms neutral, because these colors appeal to a larger audience than fanciful hues. You should also create homey vignettes that help your potential buyers easily imagine the kind of life they can have when they live inside your home. The vignettes can be as simple as a coffee cup in the living room or a tray of cookies on the countertop. Even these little things help buyers think about the mornings and evenings they could spend in their potential new home.
With these tips, you could have the offers you’ve always wanted and select which one is the best for you. However, if you don’t really like the idea of a bidding war and you are in a time crunch to sell your home, you can check out Blue Hen Homebuyers for quality real estate solutions. Contact us at 910-802-2222 and we can get back to you with an offer in 24 hours.