5 Ways to Start a Bidding War on Your Candlewood Lake Home for Sale

Download 5 Ways to Start a Bidding War on Your Candlewood Lake Home for Sale

Post on 16-Feb-2017

359 views

Category:

Real Estate

0 download

TRANSCRIPT

  • 5 Ways to Start a Bidding War on Your

    Candlewood Lake Home for Sale

  • Most sellers of Candlewood Lake homes dream of getting multiple buyers interested in their property. When that happens, a bidding war begins. It is a situation where two or more buyers are so interested in the home that they make increasingly higher offers on how much they are willing to pay to become the new owner of the home.

  • Here are five easy ways to spark a real estate bidding war:

  • Study the local marketAnalyzing the local market will help you market and price your property correctly. Find out how many lakefront properties in Candlewood Lake are for sale and what the median pricing is. Research which types of houses sell the fastest and what drives the price in your area. Arm yourself with as much information as you can so that you will be more prepared to handle bidding wars.

  • Price your home rightTo get the attention of buyers and to attract multiple offers, you need to price your home just right. Remember that if you set the price too high, you will not draw much buyer interest and your home will stay on the market for months or even a year.

  • Work with your trusted real estate agent and analyze the comparables. Price your home slightly below the fair market value. Avoid pricing your home too low because buyers might think something is wrong with the property.

  • Stage your homeMost of the time, buyers initially select a house based on how it looks. If your home is staged, it will attract more buyers and agents and could start a bidding war. Make sure your home is free of clutter, avoid loud colors, and has remove pictures or personal items.

  • The goal is to make it as inviting as possible so that buyers can easily envision themselves living in your home. Make sure to improve your homes curb appeal too because some buyers wont even get out of the car when looking for prospective homes.

  • Create a sense of urgencyLet buyers bump into each other so that they will be aware that there is a competition. Hold open houses that have been advertised widely. Then invite your friends to come to the open house and look around. Potential buyers are more likely to make a bid when they see apparent interest from other parties.

  • Make your property stand outSetting your home apart from other homes for sale in Candlewood Lake is especially important in a market with a tight competition. Consider why a buyer would bid on your home over dozens or hundreds of others.

  • Look for your homes unique features and highlight them in the listing. This will convince buyers that your home has features not found anywhere else in the market. Remember to take lots of pictures of your homes best features.

  • Follow these tips to attract multiple offers and start a bidding war. Check out http://www.

    CandlewoodLakeHomesforSale.com today for more home selling tips and suggestions.

  • If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real

    estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.