Are you thinking about selling your property and it’s currently a seller’s market? Keep reading this blog post to discover the 5 ways to attract multiple offers in a seller’s market in Ocala…
A seller’s market is one in which the seller has an advantage. This occurs when there are more buyers looking for houses than the market has available to buy. A large pool of buyers are looking at a small pool of houses available. Often, it means that there are more buyers than sellers: so many buyers are looking at just a few available properties.
But just because you have a big advantage in a seller’s market, doesn’t mean you’re home free to sell at massive profit. You should still strive to get as many offers as possible and, in doing so, give you the opportunity to select the best offer for yourself. You will be able to choose the best offer based on purchase price, down payment, financing and loan type.
Why do you want multiple offers? It’s the simple concept of a “bidding war” – if you get one offer, you might feel forced to take it. But multiple offers allows you to choose from the best one, and even to negotiate from a stronger position. I myself have contacted the top five offers and let them know I have multiple offers and to resubmit their highest and best offer.
Here Are 5 Ways To Attract Multiple Offers In A Seller’s Market In Ocala
#1. 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 that 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 an at market or a slightly lower price to attract multiple offers could be a better strategy.
#3. 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.
#4. 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. Don’t forget to have a photographer take professional pictures. 73% of all house shoppers start their search online. Don’t let your house fall out of consideration because of poor pictures. Also since the pandemic hit most houses have a virtual tour. These virtual tours are generating offers site unseen other than the tour.
#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 Ocala.
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 Ocala Fl area and we’d like to make an offer too. Click here now to fill out the form or call us at (352) 446-8559 and we’ll get in touch with our best cash offer.