Engaging in the tricky realm of real estate business is never a piece-of-cake unless you do your homework. If you are aiming to focus on selling your property efficiently, you may want to target getting multiple offers from potential buyers. With the ubiquity of mobile devices and the Internet, you can definitely find a tool or two to help you achieve your goal.
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Factor #01: Your figures must be within good starting or ceiling price
Bidding wars have become more common these days as the interest of mortgage has reached one of its lowest in the last 50 years. To initiate a bidding war of your own, see to it that you offer a reasonable figure. There are buyers in the market who would even shun a markup of 10% in the market value. The value range of the property mist be enticing enough to get noticed in a strong and busy sellers’ market. It is not easy to pin point the exact price of a home as the market value is highly dependent on the general economy of a country. With all these uncertainties in mind, it is crucial that you offer a price range within the perceived value of the buyers. To obtain multiple offers, price your property within the minimum of that range.
Factor #02: Your home must be located in a good and safe area
This is probably one of the first factors to consider when buying a home. One of the criteria of obtaining potentially multiple offers from buyers is the location. Real estate buyers would prioritize this factor even before checking the size, the number of bedrooms, and sometimes, even the price of the property. Potential young owners or buyers that are starting their families consider this factor non-negotiable. However, if the property you are selling is not within a ‘good’ location, you may want to check the developments close to the area and highlight them instead. Better yet, you may get in touch with us to help you find the perfect homeowner for your property.
Factor #03: You must offer an excellent ‘showroom’ for your property
Open houses are recommended as they have always been for the past decades. Sellers engage in the traditional de-cluttering to make their homes more cozy and appealing. Since real estate buyers today are also looking for emotional connections to the home, it is imperative to make the setting not only as enticing but a realistic as possible, too. By investing in some staging, you can help the buyers imagine the time they would be spending in the home.
Factor #04: You must offer ample information on-line
Everyone wants instant information. This is also particularly true in the world of selling properties. Going ‘mobile and social’ is an essential method of reaching out to potential clients instantly. Potential client may use their devices – mobile phones, tablets, and laptops, to obtain information and pictures they want. You may start by posting professionally-taken photos to entice potential buyers. Based on a recent study, there are now more than 600 million users who are active on social platforms such as Facebook, Instagram, and Twitter. Being able to post information on homes to be sold on these websites is a good marketing strategy as it offers excellent visibility that could lead to multiple offers in the end.
Factor #05: You must know your market trends
It is important to understand the current condition of the sellers’ market in your locality. It would also be helpful to understand that national trends do not exactly apply and they could be misleading. Do your homework and see there are present bidding wars in your locality. A good market data in your locality can optimize your chances of obtaining a good number of offers. This would also help you stay educated on the matter.
Factor #06: You must know and understand the perfect time to put your home on the market
Timing is crucial in any business endeavor and you must take the time to understand when exactly the perfect time for you to sell your home. At the end of the winter period, many families or individuals start their search for the perfect home. This is to give them ample time to process all documentary and financial requirements before the summer. The summer is the perfect time for moving in. As a seller, you may want to take advantage of the time when the real estate market is saturated with buyers. This is to increase your chances for sales.
Another general tip that you need to bear in mind is to stay responsive and reactive with all the queries that may flood your message boxes after your advertisements and listings have all been made public. As this could be highly time-consuming, you can rely on our expertise to help you gain those real estate offers you have been targeting.