Have you been thinking about selling your home in a seller’s market? Discover five ways to draw more offers in Savannah’s seller’s market in this blog post…
An environment in which sellers hold the upper hand is called a seller’s marketplace. Most of the time, there are more buyers than sellers: a lot of customers are searching for properties, but there are just a few available. Although you may have an advantage in a seller’s market, it does not mean you should promote your house at a premium.
Nonetheless, you should strive to receive as many viable offers as possible, so that you have the chance to select a first-rate offer. Why do you need a couple of offers? It’s the simple idea of a “bidding warfare” – if you get only one offer, you might feel compelled to take it. But more than one offer allows you to select from the best one, and even to barter from a better position.
Here Are 5 Ways To Attract Multiple Offers In A Seller’s Market In Savannah#1. 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.
#2. 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.
#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 which 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.
#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.
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 Savannah.
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 Savannah GA area and we’d like to make an offer too. Click here now to fill out the form or call us at (912) 421-9907 and we’ll get in touch with our best cash offer.