Worried it is a seller markets and you need to sell your house fast. Don’t worry! Keep Reading.
This blog post will give you the 5 ways to attract multiple offers in a seller’s market in Austin…
A seller’s market is one in which the seller has an advantage. Often, it means that there are more buyers than sellers: so many buyers are looking at just a few available properties.
But just because you naturally have an advantage in a seller’s market, doesn’t mean you’re home free to sell at massive profit. You should still strive to get as many offers as possible and, in doing so, give you the opportunity to select the best offer for yourself.
Why do you want multiple offers? It’s the simple concept of a “bidding war” – if you get one offer, you might feel forced to take it. But multiple offers allows you to choose from the best one, and even to negotiate from a stronger position.
Here Are 5 Ways To Attract Multiple Offers In A Seller’s Market In Austin
#1. Price
Pricing your property is always the most important thing to do when selling. Even though you might ask for and even get a high selling price, asking for a slightly lower price to attract multiple offers could be a better strategy.
#2. Stand Out
Another way to attract multiple offers is to stand out in some way. You have to do something different. Take the time to beautify your house. Curb appeal is must, make sure your lawn or the exterior of your house is attractive and inviting. Take your property to the next level by making it memorable, and desirable. Perhaps even paint the door a dramatic color so that it stands out. Nothing too outrageous but something that compliments the exterior of your property. This will make it memorable in people’s minds and they may add their offer to your growing pile of offers.
#3. Open House
One way to attract multiple offers is to have an open house. If it’s marketed properly you’ll likely get several people looking at your property within a very short period that could increase the number of offers you’ll get at once.
#4. Accept Offers At A Certain Time Only
One way to attract multiple offers is to only accept offers at a certain time. That way, if someone wants to make an offer, they have to comply with your time-frame and you may get multiple offers all at once.
#5. Targeted Buyers
A very powerful way to attract multiple offers (although it’s often overlooked) is to identify who might be the perfect buyer for your home and then laser-target your marketing to reach them. For example, if you determine that first-time homebuyers are ideal then in your marketing point out that their are first-time homebuyer programs available for down payments. Provide a link or phone number to your local HUD and Housing Authorities programs.
Summary
In a seller’s market you might normally attract multiple offers anyway – but the more offers you get, the better. Use these 5 ways to attract multiple offers in a seller’s market in Austin.
Selling in a seller’s market might seem like the best option but one way to get another offer is to have us give you a cash offer for your house. We’re buying properties in the Austin Texas area and we’d like to make an offer too. Click here now to fill out the form or call us at 512-686-4548 and we’ll get in touch with our best cash offer.