Lisa Yanowitz: C: (305) 986-1018  |  O: (305) 945-4100   Email
Facebook
twitter
linkedin
instagram
pinterest

Miami real estate news

Ready to make a move? Have a certain figure in mind that you need to sell for? Depending on your market, you might be able to get a little more than what you may be needing. Go over with your agent if setting a bidding war is smart for the sale of your home, and if they give the green light, here are a few things to consider to help get your sales price over asking after starting a bidding competition.

1. ATTRACT MORE BUYERS

When there isn't much interest in a property, buyer's get nervous and suspicious that there may be something wrong with the home that they may be missing, and that could sometimes be further from the truth. You want to price your home competitively to entice more showings. When you price your home right under the market standard, it leads to more showings, more appointments, and more excitement around your home.

2. PRICE IT TO MOVE IT

You want to make sure your price gets buyers interested in your property. Even if they end up paying more than asking, the excitement from feeling like they are getting a deal and landing your home sets the right mood for buyers to WANT your property. Always price the home in a way that is going to appeal to a large audience. Pricing a home at $399,900 can generally generate more foot traffic than one listed at $400,000. Advertising a home for sale that is listed for slightly under the market value can garner a lot of interest, which can lead to the home selling for more than what the seller originally wanted.

3. START UP THE BUZZ

Make sure you work with an agent that has the ability to start up a coming soon buzz around your home. You want to let the market know that your home is going to be coming soon, and start up conversation and interest. This gives time for word about your home to spread to get more foot traffic and competition on your house.

4. STAGING IS KEY

It's without question that to get over market value for your home, it has to be in tip-top condition. Discuss with your agent the importance of having your home professionally cleaned and stage to attract more buyers. Starting up a buzz won't lead to much if buyers walk into your home and turned off by orders, unappealing lighting, or rooms that are not properly staged. You want to allow buyers and opportunity to see your home in the best light the first time they walk through your door.

5. CREATE A DEADLINE

Have your agent set a deadline for offers, say a Monday or Tuesday, right after a weekend of doing open houses. This can generate a sense of urgency around your home, letting buyers think there is a large amount of interest and to get offers in quickly. Setting them up with this state of urgency generally makes them want to put their best foot forward with their first offer.

6. SWEETEN THE DEAL

To generate a little more excitement and foot traffic, you can offer an incentive for whomever purchases the home, or set a fun giveaway during an open house. Some people have given away cars, tickets to a major event - like the Super Bowl, given away vacation tickets, etc. Doing an out-of-the-box giveaway helps to generate organic buzz around your home. Some giveaways have even landed seller's homes in the local news. More buzz means more potential buyers, which means a potential opportunity for a bidding war to get you a better sales price.

The Hospitality Life
What is My Home Worth?
Resource Center
Client Testimonials
Thursday, November 15, 2018

The Smartest Fall Renovations ...
While some trends carryover, there is some great info here for those who are looking to make...

Credit Inquiries: Why Lenders ...
FICO scores are calculated using an algorithm originally developed by The FICO Company. This...

Copyright ©2018 - Realty Times®
All Rights Reserved.

HOME BUYING MYTHS.
Although the internet can be a great resource for a variety of information, a lot of that...

Residential Property Disclosures
When selling your home, you're obligated, by law, to disclose certain information about...

Cleaning 101 Before Listing
Before you put your home up for sale, you'll want to ensure it's clean for all of the buyers...

2019 Can Cost You Ten's Of Thousands
"I'll hold off buying a home until next year." If you've thought of purchasing...

KITCHEN IMPROVEMENTS UNDER $100
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545} p.p2...

TIPS TO GET SETTLED IN A NEW HOME
Moving into a new home? We know how exciting it can be! We’ve compiled a list of...

10 HOME CHORES TO DO ANNUALLY.
Sing me some graces, there is such a thing as over-cleaning! Here are ten chores around...

SPARK A BIDDING WAR
Ready to make a move? Have a certain figure in mind that you need to sell for? Depending...

Avoid The Wrong Real Estate Agent
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545} p.p2...

IT'S BECAUSE OF THE PRICE.
Are you getting frustrated that your home hasn't already sold? Has it been sitting on the...

Client Login
Recieve Email Alerts