Are you thinking about selling your property and it’s currently a buyer’s market? Keep reading this blog post to discover the 5 ways to attract multiple offers in a buyer’s market in Edmonton…
A buyer’s market is one in which the buyer has an advantage. Often, it means that there are more sellers than buyers: so many sellers are looking to sell to few available buyers.
But just because you naturally have an advantage in a buyer’s market, doesn’t mean you’re home can’t sell at 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.
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 allows 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 Buyer’s Market In Edmonton
#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.
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.
#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.
#4. Stand Out
Another way to attract multiple offers 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 homebuyers are ideal then stage your home for that buyer and then laser-target your marketing to reach them.
In a buyer’s market you may not get any offers – but by following these 5 ways to attract multiple offers in a buyer’s market in Edmonton you can get multiple offers.
Selling in a buyer’s market might not seem like the best option but one way to get guaranteed offer is to get a cash offer for your house from us. We’re buying properties in the Edmonton area and we’d like to make an offer too. Click here now to fill out the form or call us at (780) 900-6899 and we’ll get in touch with our best cash offer.