The success of selling your house depends on the market you’re selling in. In this article, you’ll read about how to take advantage of a seller’s market in Gainesville for home selling…
In a buyer’s market, there are many sellers and not many buyers. In a seller’s market, it’s the opposite – many buyers and not as many sellers. If you’re a seller in a seller’s market, you have the advantage already of having a scarce commodity that buyers want. Inventory levels are low and mortgage money is cheap. The demand for houses keeps growing along with the prices.
You’re a seller in a seller’s market. Don’t let the buyers dictate the terms. You have the advantage and you can still come out ahead.
Here’s how to take advantage of a seller’s market in Gainesville for home selling…
How To Take Advantage Of A Seller’s Market In Gainesville
Advantage #1 You Can Ask A Higher Price
Following the simple rule of supply and demand, you can ask a higher price (and often get it) because buyers don’t have as many choices available to them. So the first way to take advantage of the seller’s market is to simply ask for more money. Some people suggest listing the house at a slightly higher than market price to generate a lot of over asking price offers. This allows you to choose the best offer based on down payment size, offer price and the type of financing. Cash offers are always stronger than a bank financing offer that may not go through. If you ask for a much higher price up front you may eliminate some offers you would have gotten with a more realistic list price.
Advantage #2 Ask For Or Remove Conditions
Price is just one component of selling a house. Another component is the conditions that are also placed on the sale – including an inspection, a site survey, repairs, or appliances that will remain in place. VA and FHA buyers may also ask for purchase assistance up to 3% of the sale price. But these are what the buyer might ask for. As a seller, you can ask for certain conditions, too. For example, why not ask to just leave the house in as-is condition for the buyer to clean up?
Advantage #3 Generate Multiple Offers
When you only have one offer, you sometimes feel forced to take it. But when you’re presented with multiple offers from multiple buyers, you can get picky, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then go through each offer at your leisure to determine which one is right for you.
Summary
And that’s how to take advantage of a seller’s market in Gainesville for home selling! If you’re selling your house in Gainesville during a seller’s market, use these tips to take advantage of the situation and enjoy a higher return, the addition or removal of conditions, and multiple offers to choose from.