If you’re looking to sell your home, it’s important to learn how to maximize your benefits in a seller’s market. If home sale prices in your area have increased while the number of home listings has decreased, you’re in a home seller’s market. Plan accordingly and you’ll be on the right path to getting the most value from your home, and finding the perfect buyer.
Check out these three tips below:
- Do your research. Find out what homes are selling for in your area so you can determine the right listing price for your home.
- Set the right price. In a seller’s market, there’s more demand than supply so you may think your best bet is to list your home for a higher price than it’s worth. Think again. Pricing your home at just below the expected price will attract buyers and encourage a bidding war.
- Examine multiple offers. If a bidding war occurs, you can counteroffer, but it may be useful to examine the potential buyers first. Your highest offer can come from a buyer who isn’t pre-qualified or pre-approved or a buyer who wants to move in more quickly than you expected. Analyzing all offers and looking beyond just the highest bid can help you find the right buyer for your situation.
If you are in the market to purchase a new home, we can get you pre-qualified and pre-approved, so you can shop with confidence.