Most home sellers are thrilled to get the asking price they're looking for when putting their home up for sale, but many have not thought about the possibility of getting even more! If you're wondering what tricks of the trade your agent can use when it comes to getting a higher offer, you may want to have them test out some of the following tips.
Price It A Little Lower
It's generally said that you should price your home at market value so it will not linger on the market, but by having your real estate agent price it slightly lower you may be able to get a lot more people through the door. Instead of lowering the price of your home, this can work to stimulate a bidding war for those who see the value in your home and are willing to pay more.
Hold Off For The Right Offer
The benefit of using a real estate agent is that they know the market and will be able to determine what amount the offer on your home should be, so make sure you consult with them before saying yes. It's easy to be tempted by the first good offer that's close to your asking price, but it's often worth it to hold out for the amount you really want.
Sell In The Springtime
It's possible to get a good price for your home at any time of the year, but Spring is the time that homebuyers like to hit the market and this means that you may have a lot more interested parties to choose from. Instead of waiting for buyers to come to you, put your home on the market when there will be a lot of people ready to invest.
Make It Unique
Whether you've recently made some renovations or your home has several unique features, ensure that these details are being properly promoted in your marketing material and at your open house. Not only can these features add a lot of value to your home, they can make potential homebuyers remember it so they'll be willing to negotiate.
Most home sellers put their home on the market with the hope of getting a certain amount, but by highlighting unique features and holding out for a better offer you can get more than you asked for. If you're currently on the market for a home, you may want to contact one of our real estate professionals for more information.