There are stories abound relaying the news that we are in a seller’s market – meaning there are not enough homes for sale to meet the demand of home buyers. Often in a seller’s market, the time it takes to sell a home is decreased and the possibility of multiple offers is increased. This news could cause dollar signs to start dancing before your eyes. Before you count your cash, there are a few things to consider.
Tips On How To Get Multiple Offers For Your Home
1. Price your home competitively. When a home is priced and marketed correctly, your chance of getting multiple offers is increased. The longer a Fort Lauderdale home sits on the market, the larger its days on market (DOM) grows and with that comes a sense of staleness, thus reducing your negotiating power.
Check out our tips on Pricing A Home To Sell In Fort Lauderdale
2. Spruce up your home. “Move-in ready” is music to a buyer’s ears. Walk through your home as if you were a buyer and fix up those areas that don’t reflect well on your home. Putting in a little elbow grease before your home is listed for sale could net you a larger profit.
Check out 10 Easy Ways To Increase Home Value
3. Build anticipation. A great Realtor will know ways you can build anticipation. For example, listing your Fort Lauderdale home for sale in the Multiple Listing Service (MLS) – the database used by Realtors – on a Monday with no showings until Saturday can generate interest and draw a crowd. Consider taking your family out of town for the weekend to give your Realtor extra freedom to show your home all weekend. From hosting an exclusive Broker’s Open to an Open House and other marketing can make sure your Fort Lauderdale home draws lots of attention.
4. Listen to your Realtor. A skilled Realtor will supply you with sound advice that comes from experience. For example, it’s best not to get emotional when you receive offers to buy your home. High offers with a long list of contingencies are not always the best offers. Your Realtor will be able to help you differentiate between solid offers and questionable offers.
Multiple offers are making a comeback in the Fort Lauderdale real estate market. With a skilled Realtor working to sell your home and get the highest possible price, you might be in for a pleasant surprise!
If you are thinking of selling your home, contact us for a free, no-obligation consultation. Selling Fort Lauderdale real estate is our passion.