If you’re getting ready to sell your home, your top priority is going to be selling your house for the best possible price. But while there are a lot of factors that will go into how much you’ll be able to sell your home for and how much money you’ll end up making off of the subsequent sale, there are also things that you can do to try and give yourself the best chance of getting the greatest return.
One way to make a bigger profit off of the sale of your home is to get buyers to bid against each other and drive the price up. So to try to facilitate this type of situation, here are three ways you can encourage multiple offers when selling your home.
Create Buzz Beforehand
To set the stage for bringing in multiple offers on your home, you first have to get the word out about your property and start making buzz both with real estate agents and those who are looking to buy a home on their own.
With the right marketing, this type of buzz can easily be created well before your house even hits the market. So when you’re getting ready to sell, Cathie Ericson, a contributor to Realtor.com, recommends that you use social media, email marketing, and any contacts you have with real estate agents to help spread the word about your property in order to get lots of action within the first few hours of it being on the market.
Get More People To See The House
Another way you can increase the chances of you getting more offers on your home is by getting more people to and through your property.
While an open house can accomplish this, Kimberly Manning, a contributor to HomeLight.com, recommends that you combine an open house and a garage sale by holding a “moving sale”. With a moving sale, you’ll get both those who are wanting to get some secondhand items for cheap in addition to those who are looking for a new home. This will increase the number of people who walk through your home when it’s ready to go to market, which can create a multiple offer situation.
Price It Just Right
If you’re really serious about wanting to get multiple offers for your home and then take the best offer that comes in, you’ve got to get your house priced just right.
To do this, Donna Fuscaldo, a contributor to Bankrate.com, recommends that you list it just below what it’s actually worth. If you list it too low, people will think that there’s something wrong with it. But if you list it too high, or even at the right value, you won’t encourage a lot of offers to come in.
If you’re wanting to create a bidding war around the sale of your home, consider using the tips mentioned above to help you accomplish this.