Are you thinking about selling your property and it’s currently a seller’s market? Keep reading to discover the 5 ways to attract multiple offers in a seller’s market in Charleston…
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. This will allow you to be in control, but you don’t want to get overly confident during this process. If you try to force a bidding war too hard, you could end up losing all the offers.
Here Are 5 Ways To Attract Multiple Offers In A Seller’s Market In Charleston
#1. Open House
One way to attract multiple offers is to have an open house. If your property is marketed properly you’ll more than 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.
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. Once again, don’t be overly confident when pricing your home even though it is a seller’s market. You don’t want to lose your opportunity to make top dollar on your home.
#3. 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. You can also give a fair chance to those who may be between your property and another one.
#4. Stand Out
Another way to attract multiple offers is to stand out in some way. Take your property to the next level by making it beautiful, memorable, and desirable. Perhaps even paint the door a dramatic color so that it stands out. This will make it memorable in people’s minds and they may add their offer to your growing pile of offers. Front door not visible from the street view? That’s okay, try planting some bright flowers in the front yard.
#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 stage your home for that buyer and then laser-target your marketing to reach them. Remember, less is more!
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 Charleston.
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 Charleston South Carolina area and we’d like to make an offer too. Click here now to fill out the form or call us at (843)548-5510 and we’ll get in touch with our best cash offer.