The competition is tough for buyers due to low inventory in many parts of the country. For sellers, this is great news! If you play your cards right, this type of market leads to quicker sales for possibly more money. Here are some things for sellers in a sellers’ market to keep in mind…
- Don’t let the buyers find issues that you already knew existed. For example, if your roof is old and probably in need of some attention, let the buyers know so they can plan their offer accordingly. Buyers are much more likely to overlook a few flaws if you are honest and upfront with them. The worst thing to do is to keep it to yourself and let the inspector find an issue. You want the ball to stay in your court, right? So keep everything on the up and up. You will gain more respect and have less problems out of buyers that way.
- Know how to handle the offers as they come in. You and your agent need to have a plan. Are you going to jump on offers after being on the market for a couple of days? Or are you going to wait around to see how many offers come in so you can pick the best one? The correct answer depends on the market you are in, and your experienced agent is the best to guide you through this stage of selling your home.
- Know the market around you, and be competitive! Check out some open houses close by to see what else is out there. Then, you and your agent will work out a fair price based on comps in the area. If your price is good, it will get the attention of more buyers making your home look even more desirable which attracts more buyers and so on.
You are not expected to know the local market, be able to search comps, get your house listed, sold, and get moved out all on your own. This process goes much smoother with the help of an experienced real estate agent that stays on top of the market trends. If you are looking for that agent to help you get your home sold with as little stress on your shoulders as possible, look no further. You will only find professional, well-trained REALTORS® on our team. We would love to have the opportunity to serve you! Call us to get started today @ 720-593-2014