Do you need to sell your home? Is it currently a sellers market? We have listed the 5 ways to attract multiple offers in a seller’s market in Little Rock.
A seller’s market is just how it sounds, the seller will typically have the upper hand. A seller’s market is indicative of more buyers and less sellers. This means there will be more offers on the sellers home because their is lower inventory to choose from.
Do not make the mistake that you will automatically walk away with a substantial profit from your first offer just for selling in a seller’s market. You should field as many offers as you can to try and drive up the price and create a “bidding war”.
Here Are 5 Ways To Attract Multiple Offers In A Seller’s Market In Little Rock
#1. Open House
This is a given. Hold an open house so that you have multiple buyers in the property all at once. This will create a sense of urgency from the buyers and will set a competitive atmosphere. You are likely to receive multiple offers over asking price just from this alone.
A good strategy to use is to set your asking price slightly lower so that you will generate more offers in hopes of creating that “bidding war” that we spoke about above.
#3. Accept Offers At A Certain Time Only
Set a time-frame for when you are accepting offers. This will allow most of the offers to come in at the same time that way you can sort through them and choose which offer you would like to accept.
#4. Stand Out
We have spoken about this in other articles that we have written. Making your property stand out in some way will surely drive in multiple offers. you can do this by properly staging the property, having it upgrading to market standards, or creating a uniqueness around some of the features.
#5. Targeted Buyers
This method is not utilized often but can be extremely effective for getting that offer that you are looking for in a sellers market in Little Rock. Identify what type of buyer your home will attract (ex. first time home buyer). Stage the home in a way that will attract this type of buyer and then focus all of your marketing on the subgroup.
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 Little Rock.
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’re buying properties in the Little Rock Arkansas area and we’d like to make an offer too. Click here now to fill out the form or call us at (501) 400-0505 and we’ll get in touch with our best cash offer.