Are you thinking about selling your property and it’s currently a seller’s market? Keep reading this blog post to learn 5 ways to attract multiple offers in a seller’s market in [market city].
In a seller’s market, the seller has a competitive advantage. It usually indicates that there are more buyers than sellers, as a large number of buyers are looking at a small number of available properties.
However, just because you have a natural advantage in a seller’s market doesn’t mean you’re free to sell for a huge profit. You should still try to get as many offers as possible, as this will give you the best chance to choose the best one for you.
Why are you looking for multiple offers? It’s the basic concept of a “bidding war”: if you only get one offer, you may feel compelled to accept it. On the other hand, multiple offers allow you to choose the best one and even negotiate from a stronger position.
Here Are 5 Ways To Attract Multiple Offers In A Seller’s Market In Raleigh
#1. Host An Open House
One way to attract multiple offers is to have an open house. If it’s properly advertised, you’ll likely maximize the exposure of your property and eventually get several people looking at it in a short period of time, potentially increasing the number of offers you’ll receive all at once.
#2. Set A Lower Asking Price
Even though you may be able to ask for and receive a high selling price, it may be a better strategy to ask for a slightly lower price in order to attract multiple offers.
#3. Accept Offers At A Certain Time Only
Accepting offers only at a certain time is one way to attract multiple offers. That way, if someone wants to make an offer, they must adhere to your deadline, and you may receive multiple offers at the same time.
#4. Make Your House Stand Out
Another way to attract multiple offers is to make a strong first impression. Take your property to the next level by making it beautiful, memorable, and desirable. You might want to consider sprucing up the front door with a striking paint color to make it stand out, or boosting your home’s curb appeal by installing flower boxes filled with colorful and beautiful flowers or adding potted plants. These will make it memorable in people’s minds, bringing in more potential buyers, and they may decide to add their offer to your growing pile of offers.
#5. Target Buyers
Identifying who might be the perfect buyer for your home and then laser-targeting your marketing to reach them is a very powerful way to attract multiple offers (though it’s often overlooked). For example, if you determine that first-time homebuyers are ideal, you should stage your home and then market to them specifically.
In a seller’s market, you’ll almost certainly receive multiple offers – and the more offers you receive, the better. Use these 5 ways to attract multiple offers in a seller’s market in Raleigh.
While selling in a seller’s market may appear to be the best option, having us make you a cash offer for your home is another option!
We’re interested in making an offer on a property in the Raleigh NC area. Click here now to fill out the form or call us at 984-689-9785 and we’ll get in touch with our best cash offer.