In theory, all you need to sell your home is one buyer with the right bid. However, simply listing a home and waiting for a buyer to come along is normally a futile exercise. As a seller, you must put in several deals in order to be in the driver’s seat. This allows you to be more selective, negotiate harder, and make less compromises. Simply put, you almost always get a better deal when you compare different deals. So, let’s look at how to get several offers for your house in Dallas Fort Worth.
Understand the Local Market
When selling a home in Dallas Fort Worth, knowing the local real estate market is key to generating numerous offers. Of course, you can’t control the market (whether it’s a buyer’s or seller’s market), but you can react to it (especially in terms of pricing) and take advantage of current conditions.
Suppose, for example, yours is a seller’s market. In such a market, “Homes are said to literally sell themselves. But this isn’t completely right. Throngs of excited buyers are likely to concentrate on the “it” houses that are being seen one week, while skipping others. Obviously, you want your home to be the one that everybody wants to visit.”
Your Dallas Fort Worth agent can help you adjust your methods and strategies to best leverage current market conditions to generate multiple offers. Discover more about this by calling 972-284-9713.
Make It Shine and Make It Move-In Ready
Selling your home in [market city], particularly if you want to get multiple offers, means making it look its best and getting it ready to move into.
Multiple offer homes are attractive, causing potential buyers to overlook similar listings in the neighborhood. Your home must be in such good condition that buyers fall in love with it and want to make an offer right away. Here are some of the things you’ll need to do to get there:
- Cleaning thoroughly both inside and out, including closets, garage, basement, and crawl spaces
- Repainting and refurbishing/replacing flooring
- Decluttering and staging
- Ensuring that everything is in good working order – doors and windows, appliances, major systems, bathroom and kitchen fixtures
Furthermore, making your home move-in ready will help you receive more deals. More and more investors are searching for homes that they don’t have to do something with. They are more willing to make an offer if all they have to do is carry their belongings in.
Price Strategically
Potential buyers typically look at the price first, even before looking at the listing images or the summary. So pricing your home correctly, that is, strategically, is one of the most critical aspects of selling your home in Dallas Fort Worth and creating numerous offers.
Here are a couple of market-related pricing strategies to keep in mind:
- “In a seller’s market, it’s always a good idea to set the price lower than you think you’ll be able to sell it for. What’s the depth? It’s enough to place you in a different tier of online searches (which filter based on price, among other things), but not enough to make people suspicious of hidden flaws.”
- “In a buyer’s market, it’s typically a smart idea to sell your home for less than its true worth. You aren’t in a position of control, and you don’t want to give too much away too fast.”
In order to price wisely and in line with market conditions, you can focus on your agent’s pricing experience.
Market Widely and Aggressively (Both You and Your Agent)
The more people who know you’re selling your house in Dallas Fort Worth, the more offers you’ll get. As a result, both you and your agent can sell vigorously and broadly.
Many home sellers are unaware that they have a part to play in the marketing process. Obviously, this entails informing your friends and posting it on your Facebook profile, but there’s more. “It all begins with being a team player during the cleaning and tidying of your home in preparation for pictures and showings, as well as preparing for pet care during open houses. If you’ve selected a good agent, you can trust their advice on decorating, recruiting a stager, and other matters.”
Your agent, though, should take the lead in marketing efforts “by commissioning professional photographs of the property, creating a website for it, listing it on the Multiple Listing Service (MLS) and his or her agency’s website, hosting open houses for buyers and brokers, and sending postcards about the sale to neighbors, among other items.” For multiple offers, your agent should also know how to leverage the reach and power of social media to the fullest.
Use an Agent Who Can Generate and Handle Multiple Offers
Finally, if you want to create several offers when selling your home in Dallas Fort Worth, you’ll need an agent who can not only generate them, but also manage them when they come in..
“Managing a bidding war is an art form. Before any bids are submitted, the real estate agent will need to pique interest, for example, by dropping clues about the degree of interest without disclosing too much and jeopardizing the confidentiality of the buyers.” After that, your agent would need to know how to properly vet deals and set deadlines for accepting them. All of this necessitates skill, experience, and a certain degree of maturity in dealing with other agents.
Then, when you receive several offers, you must decide the criteria on which you will select the best one. (The highest price isn’t necessarily the best.) Your agent will help you with this as well.
As you can see, getting the right agent is extremely important. So, if you want to generate multiple offers when selling your home in Dallas Fort Worth, Top DFW House Buyers, call us today at 972-284-9713.