Putting your home on the market at the right price and marketing it
through 3D virtual tours and property videos are ways to entice buyers to come and
see your home in person and make an offer for your property. Many real estate agents have great
success when they practice this.
Open houses are great for the realtor to get to know the neighbors and
help spread the word that the house is on the market. Open houses are no longer
necessary, however, if the home is marketed properly.
How exactly do you get more bids, maybe even start a bidding war among
your prospective buyers? Here are tips on how to do it.
Do a
thorough absorption rate analysis and position the home right where it needs to
be
The best strategy for getting buyers to make an offer, therefore is to
price the home right where it needs to be.
Too high, over-pricing the property, will make it invisible to buyers
searching on the internet. Under-pricing
can spark a bidding war, and that is exactly what you want.
Advertise
the home’s availability on the internet
Once you put your house on the market, advertise far and wide using
every tool within your budget. Use real estate websites, multiple listing
services, apps, social media, and even word-of-mouth. Ask friends and family
who have sold their homes about what they did to sell their home profitably.
Keep it
clean
Tidy up your home for sale and clear any clutter. Don’t put too much of
your personality in it. You want your home to look modern but not too
distinctive, as you want your buyers to picture themselves and their belongings
in it. Hire stagers if you must.
Provide
all the necessary information
Make it easy for your buyers to obtain information related to the
property you’re selling. Provide information sheets that include key facts
about the neighborhood and the community as a whole. List nearby lifestyle
amenities and facilities. Likewise, list down the house’s best features, taxes,
square footage, lot size, and other pertinent information.
Set a
deadline for making offers
Don’t be afraid to put some pressure on prospective buyers, just do it
in a respectful manner. Once a buyer knows that he has to meet a certain
deadline, you may inspire procrastinators to decide faster.
A well-executed marketing plan can create enough buzz for a bidding war.
Hire a realtor to market your property ahead of time to gain enough interest
from buyers.
Source:
5 tips
to start a bidding war for your home, Bankrate.com
