Now Raise a Bidding War for Your House- How? (Here’s the Solution)

If your house in California is for sale, you might be waiting for a potential buyer who pays you something your property is worth; in fact, a little more than it. Right? Well, there is nothing wrong in expecting ‘more’, but it is just that you need to look for right strategy.

The good news for residents in California is that the median home value is on rise. Yes, the house values have gone up 7.0% over the past year. Not only this, the trend is expected to continue with a 2.5% rise this year.

Do you know that around 34 percent of homes were sold above the asking price in July, 2016? Without doubt California’s real estate market is going strong. As far as the reason behind are concerned, the demand for homes is getting higher, making it a great time to sell. Hence, the buyers need to be prepared before putting their house in California for sale.

Are you known to ‘bidding a war for your home’?

Basically, it is a process where the seller lists their house at an artificially reduced price. After allowing the buyers to visit the house over a period of about a week, an offer date is given where all interested buyers present their offers.

The good thing about this method is that you will be able to get an amount over the asking price, as there will be multiple buyers bidding against each other.

A Right Price:

Don’t go for too low or high pricing for your home. This won't draw much buyer interest. If you seriously wish to drive demand and attract multiple offers, you must price your home just right. Start analyzing the prices in market and if required, take help of an expert.

The Picture Game:

It is rightly said that- a picture is worth a thousand words. And it turns more truthful when it comes to marketing your homes for selling purpose. You need to follow a straight approach for the picture. For example, it should include the front part of house. Other angles of the house can be added, but only the more attractive ones. You must highlight spectacular features of your home including backyard, kitchen, outside area and much more.

Raise the Excitement Level:

You can simply tempt and charm the buyers in advance to bid a war. It can be done with the help of advance marketing. Make best use of social media channels, like Facebook and Twitter. Email marketing can also be done to tell your contacts, agents, and customers that you are selling your property soon. What about multiple listing services? You have to make the buyers more curious about the property, that’s it!

Home Staging:

After you put your house for sale, buyers would walk in to check. Make them fall in love immediately, and it is possible only when your home appears well. Certainly, why would we buy a house which is not appealing and why to battle it out for a cluttered home? Home staging might cost a little bit of money. But when you wish to spark a bidding war, it is necessary.

In case you are running short of investment, it is advised to sell your home in as-is condition.

A Deadline for the Offers:

In this process, it is important to mention a deadline in order to avoid delays. Another benefit of mentioning a deadline is that it will impel the buyers to take an action before it is too late. But this is not as simple as it appears to be. If the experts are to be believed, it should be done only after you have priced the property correctly, have received several inquiries, and many offers are already there.

Lastly, don’t get allured by those ‘we buy homes’ taglines. You can get multiple offers for your home. All you need to do must strategically set a marketing plan before listing the home. Make sure you do your homework prior to listing the property. All the best!