How to receive multiple offers on your home

This winter has been a cold one, however the spring real estate market is already blooming. For the last year home owners have been hesitant to put their homes on the market, resulting in low inventory for home buyers to look at.  Feeling as though they have not seen enough homes to make an offer some buyers are just waiting for more homes to come on the market to make a decision on which ones to place an offer on. Other buyers have lost out on a home they truly love because there were multiple offers and they lost out.

So you may ask yourself, how can my home have a better chance of receiving multiple offers? Here’s how.

1. Have you home priced right. It is not a sellers market just yet, and the buyers who are out there are still looking for value when they buy their next home.  As a result you need to make your home appealing to as many buyers as possible through your pricing strategy. I am not suggesting you price your home below market value, but rather ensure that your home is not priced over market value.  It will deter buyers from even walking in your home. If you home is listed at market value more buyers will be inclined to view and subsequently place an offer on your home.

2. Make your home a value. Speaking of making your home seem like a value I can’t emphasize enough how important it is to make your home show ready. Many millennials out there are looking for a home they can move right into. Before putting your home on the market make minor repairs that will make a big difference when your home is shown. Paint every room, de-clutter, keep your home clean, replace broken tiles, re-grout tiles, update antiquated appliances etc. You need to demonstrate to buyers that your home is worth what you are asking for it.

3. Hire an agent who has a buyer pool. Some buyers have been looking for 6 months to a year already trying to find their dream home. By hiring an agent who has an established, ready and willing to purchase buyer pool, your agent may be able to bring buyers to your door with offers just days of being on the market.

Following just simple steps will help you take advantage of the buyers who have been holding off on placing offers, and hopefully will bring multiple offers to your home this spring.