Selling a home is an exciting time in any person's life. However, it can also result in many other emotions, including stress and anxiety, especially as you wait for the offers to come in. Unfortunately, even if your home is the most gorgeous property on the block, with exquisite amenities and unique features, it will not always be easy to sell your property for the price you want. And sometimes, it may be a struggle to get even one offer, let alone multiple. Thankfully, with the right strategies, you can improve your odds when it comes to this selling process and even start a bidding war when it comes to your home.
To help you with this process, we have prepared the below guide. In it, we go over eight ways to boost buyer interest and discuss how working with the right real estate agent can be the key to selling your property for the right price.
1. Figure out what the real estate market is doing
Before you decide to list a home for sale, it is important that you figure out what the local real estate market is doing, as this can impact the number of offers you receive on your home and, ultimately, what you end up selling the house for.
Typically, there are three different states that a real estate market can experience: a seller's market, a buyer's market, and a balanced market.
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Seller's Market: In a seller's market, your chance of generating multiple offers on your home is high because this market occurs when there are limited houses for sale, and there is a surplus of buyers in the marketplace.
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Buyer's Market: A buyer's market happens when there are a lot of homes for sale, and the number of potential buyers is low. In this situation, the chance of obtaining multiple offers is low.
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Balanced Market: In this market, buyers tend to list their homes for a reasonable price, and sellers tend to accept them. Homes usually remain on the market for a fair amount of time, and the prices remain stable or grow at a steady pace.
Consequently, based on these markets, your best chance of obtaining numerous offers on your home is when the market is a seller's market or a balanced market. However, to figure out which market you are in when you try to sell your home, it may be worth consulting with an experienced real estate agent. These professionals can help you determine what the real estate market is doing and how it can impact your ability to get the offers you want.
2. Find an experienced real estate agent with the marketing skills you need
When the real estate market is slow and individuals are not looking for houses, you will need to figure out ways to spark interest in your home. One of the most ideal ways to do this is to work with a knowledgeable real estate agent who can create a strong marketing campaign to help show that your home is a perfect choice for those looking for a property.
However, before you choose just any agent to take on this task, look for agents who often outsell their competition. These agents will usually know what it takes to bring in the offers and get you the results you are looking for.
3. Make sure your home is ready to shine
When you finally decide to list your home, you need to make sure your home is "showtime" ready. What does this mean? The best way to generate multiple offers on your home is by making minor improvements before listing it. This does not mean you must completely remodel the bathroom or remove walls to open up your kitchen. Rather, some low-cost home improvements can go a long way to really turn on that wow factor when it comes to a first impression.
Some things you may want to consider doing include:
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Getting rid of clutter around your home
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Replacing fixtures that are outdated or falling apart
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Sprucing up the interior with a fresh coat of pain
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Replacing carpets or giving them a thorough cleaning
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Refinishing floors
4. Freshen up the curb
Fixing the inside of the home is a great way to bring in the offers. However, before you can get even one offer, you need to bring in the buyer, and something that can stop this from happening is your curb appeal. In fact, the outside of your home can have a detrimental effect on the selling process. If a buyer decides to judge a "book by its cover," they may make their decision about your home just from the outside and, as a result, determine the house is not for them.
However, painting your door, trimming your bushes, or even adding some outdoor decor can go a long way to make the outside of your home not only look amazing but make the house more appealing to buyers, helping you get through slow markets and even bringing in multiple offers.
Yet, if you need help in this area, try reaching out to a qualified landscaping team like those from Precision Landscaping, who can ensure your outside is ready to sell.
5. Invest in amazing staging
When staging is done well, it not only helps bring in the buyers but can even reduce the amount of time the property sits. Staging a property is usually an investment in marketing the property since this staging aims to showcase the space and make sure it highlights specific features of the property.
As a result, when sellers invest in staging, they get a house that not only looks fantastic but is ready to make an impression on the buyers and ultimately bring in the offers. Plus, these staged homes are more appealing to the eye, have a better flow, and limit the distractions that may deter buyers from seeing the full potential of the property.
However, if you do not know where to start when it comes to staging, try working with expert home stagers, such as those from REDESIGN4MORE Home Staging Services. These professionals can help you elevate the feel and look of your home, provide a thoughtful approach to your space, and help get your home ready to bring in the buyers.
6. Price your home correctly
Every seller wants to get the most they can for their home. That is why it is always a goal to get multiple offers on a listing and hopefully go beyond the listing price.
Unfortunately, depending on the market, this is not always possible. For instance, in a slow market, there is usually a limit to how much you can ask for, and those sellers who overprice their homes will have issues with their house sitting on the market for a significant period of time.
For these reasons, one of the top things you can do if you are looking to get in more than one offer on your home is to speak with a knowledgeable real estate agent and figure out a price that can help you get the buyers you want.
7. Carefully schedule showings of the home
If you are looking to bring in multiple offers on your home, you need to do more than just take a few pictures and put a sign in your yard that says the property is ready for a bidding war. In truth, before you can even get one offer, you need to ensure your home gets the attention it deserves. That is why working with a top realtor is critical if you want your home to be seen by many potential buyers.
These agents can also help you schedule strategic showings. Why is this so important? By carefully scheduling showings around the same time or very close to each other, you can get buyers to start competing against one another when they see how many people are interested in the property. This will often result in multiple offers that may even go above the asking price because buyers will have a sense of urgency to get an offer in so they have an opportunity to secure your amazing home.
8. Work with Giulia Gallina and get the offers you want
Selling real estate is in Giulia Gallina's blood. Not only has she grown up around top real estate agents, including her parents and grandfather, but her own fifteen-year real estate career has been filled with fast-paced sales and extensive deals. However, through it all, Giulia remains there for her clients, providing them an edge in the marketplace and finding them the properties they have been searching for.
If you want to sell your Leaside real estate or are searching for Lawrence Park homes for sale, then look no further. Giulia is here to help. Contact her today for more information or to schedule a consultation.
