Having a bidding war on your home is something that makes home sellers ecstatic. Having a bidding war on your home comes with many benefits when it comes to selling, the obvious reason being getting more money for your property. Other benefits include having more leverage with terms of the sale like dictating deposit amounts, dates, etc. Here are 5 strategies a Waltham Realtor suggests to create a bidding war on your property.
Price it right
Pricing your home at the right amount or even a little less is more likely to bring in a lot of buyers. If people know they are not the only ones interested in your home, they will automatically become competitive and most likely raise their offer to beat out others. Everyone wants what other people want, so it’s only natural for people’s competitive side to come out. Pricing your property right means pricing it in accordance to what similar homes have recently sold for in the neighborhood and surrounding neighborhoods. It is not recommended to price your home higher just because of one feature that you believe is good enough to do so. Some people may not agree, and you could suffer in selling your home because of it.
List in the winter
It is possible to create a bidding war on your property at any time of the year, but Waltham Real Estate agents suggest you can add even more to your chance if you list in the winter. In the winter and early spring, inventory is lower than in the summer and fall. Because of this, when buyers have less to choose from in the winter and early spring, they tend to bid more money on properties that they like knowing that others are also interested in those properties. Bidding wars slowdown in the summer because there are more properties up for sale.
Market more than others
There is more to marketing your home than just putting it on MLS. Top real estate agents have special agreements with the top websites like Realtor.com, Trulia, Zillow, etc. They make sure their listings come up at the top of these websites when people are searching. Although most agents have access to these websites, they don’t always take advantage of them. Taking advantage of these websites is crucial if you want to market your property better than others.
High-quality photos and videos
In addition to marketing your property on these websites, Waltham real estate top sellers recommend to post high-quality photos and maybe even videos to social media. Don’t just post these on your personal page and leave it for just your followers. You want to boost your posts and target them to the right audience so that you put the listing in front of people who are actually looking and are more likely to buy.
Hire an experienced Waltham real estate agent
An experienced real estate agent will know exactly how to negotiate and find the best buyer that will pay the highest price possible. This is very important when selling a property because you need an expert to guide and help you through the selling process to make sure you get the best outcome possible. Having an experienced Waltham Realtor will keep you on the right track.