We buy houses in McAllen TX If you are thinking about selling your McAllen property and it’s currently a hot seller’s market, that might be a great thing for you and for home buyers that offer cash for houses in McAllen. Keep reading this blog post to discover the 5 ways to attract multiple offers in a seller’s market in McAllen…
A seller’s market is one in which the seller has an advantage because there are a ton of people out there wanting to buy a house to live in, rent out or flip. To put it simply, it means there are more buyers than sellers: so many buyers are looking at just a few available properties.
But just because you naturally have an advantage in a seller’s market, doesn’t mean you’re home free to sell at massive profit. You should still strive to get as many offers as possible and, in doing so, give you the opportunity to select the best offer for yourself. Along with these ways to get various offers, these five tips will help sell your house now.
Why do you want multiple offers? It’s the simple concept of a “bidding war” – if you get one offer, you might feel forced to take it. But multiple offers allow you to choose from the best one, and even to negotiate from a stronger position.
Here Are 5 Ways To Attract Multiple Offers In A Seller’s Market In McAllen
#1. Open House
One way to attract multiple offers is to have an open house. If it’s marketed properly you’ll likely get several people looking at your property within a very short period that could increase the number of offers you’ll get at once. You can even schedule open houses directly on sites like HAR.
Even though you might ask for and even get a high selling price, asking for a slightly lower price to attract multiple offers could be a better strategy. If your home is worth $150,000 in its current condition, but you start marketing it at $160,000 then have to do a price drop to $150,000 to get more interest, then that might hurt your home’s reputation in the long run. How so? If a buyer sees that your house didn’t sell, and had a $10,000 price drop, then they might question why and believe that there must be a hidden issue with the property. This can drive off potential buyers so it is important to get the price right from the start.
#3. Accept Offers At A Certain Time Only
One way to attract multiple offers is to only accept offers at a certain time. That way, if someone wants to make an offer, they have to comply with your time frame and you may get multiple offers all at once. Typically, there is a 21-day window where the buyers will not accept “investor” offers so that they can attract more traditional buyers with a bank loan.
#4. Stand Out
Another addition to the tips on selling houses in Houston jar is to STAND OUT in some way. Take your property to the next level by making it beautiful, memorable, and desirable. Perhaps even paint the door a dramatic color so that it stands out. This will make it memorable in people’s minds and they may add their offer to your growing pile of offers.
#5. Targeted Buyers
A very powerful way to attract multiple offers (although it’s often overlooked) is to identify who might be the perfect buyer for your home and then laser-target your marketing to reach them. For example, if you determine that first-time home buyers are ideal then stage your home for that buyer and then laser-target your marketing to reach them.
In a seller’s market you might normally attract multiple offers anyway – but the more offers you get, the better. Use these 5 ways to attract multiple offers in a seller’s market in McAllen.
Sell My House Fast McAllen
We are local house buyers in McAllen TX and the surrounding areas. We are a credible house buying company that offers cash for houses in McAllen. Selling in a seller’s market might seem like the best option but one way to get another offer is to have us give you a cash offer for your house. We Buy Houses in McAllen and can make you a fast, cash offer too.