How To Create A Bidding War On Your Home



We all thought it wouldn’t last! After all Houston’s real estate market has not seen this kind of activity since 2006 (per HAR). Home prices continue to rise and inventory continues to shrink creating the best opportunity in years for home owners to sell with a maximum return on their investment. As a REALTOR specializing in Houston’s Inner Loop neighborhoods I commonly see listings receive multiple offers and many times before the pictures are even uploaded onto the MLS site. houston real estate, spring  tx real estate, texas city tx real estate, katy tx real estate, woodlands tx real estate, conroe tx real estate, galveston tx real estate, sugar land tx real estate, pearland tx real estate, baytown tx real estate, humble tx real estate, kingwood tx real estate, clear lake tx real estate, pasadena tx real estate, richmond tx real estate, spring branch  tx real estate, tomball tx real estate, alvin tx real estate, friendswood tx real estate, league city texas real estate, league city tx real estate, seabrook  tx real estate, santa fe tx real estate, deer park tx real estate, missouri city tx real estate, dickinson tx real estate, la porte tx real estate, rosenberg tx real estate, stafford tx real estate, webster tx real estate, river oaks tx real estate,


With all of this surge in activity, bidding wars and limited inventory the temptation for many sellers is to take the marketing/preparation of their home for granted. This is a HUGE mistake! The work must still be done.


Sellers should always understand that location is paramount. If you live in an area that’s in demand there will always be buyers. However, in order to secure the highest sale price in the least amount of time with the potential for multiple offers I would like to suggest the following:


1. Do Not Overprice Your Home! In the past if a home was on the market for 2 to 3 weeks it was not a big deal. Now with many homes going under contract in the first 24 to 48 hours those 2-3 weeks will look like eternity to a buyer.


2. Open Houses can still be an effective tool, don’t forget the basics. Effective, quality marketing could secure multiple offers and potentially over the listed price.


3. Make sure the REALTOR you choose is familiar with using the internet and social networks to create an on-line interest in your home. According to recent studies an est. 80% of all home buyers previewed the home they purchased on the internet.


4. Clean the interior, remove all clutter and have the home professionally cleaned. Buyers will be less likely to want to compete with other buyers if your home feels dirty and not well maintained.


5. Create a reason for the buyer to get out of the car with appealing curb appeal and exterior. Buyers know there is limited inventory and that they may be paying over the list price so they are going to be picky.


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