Every seller’s dream is to get multiple buyers interested in their property, prompting a bidding war that results in a sales price that is higher than the original asking price. Although this may sound too good to be true, it happens all the time. You can even help encourage a bidding war when selling Dallas, TX real estate by using the following tips:
1. Price your home right. The key is to lure in as many buyers as possible. Usually, that means pricing your home just below its fair market value. Don’t make the mistake of setting the selling price too low, however. If it is exceptionally low, it may wind up scaring buyers away. People usually think that there must be something wrong with a house if it is priced significantly lower than other homes on the market. Pricing it a little bit low, however, is a great way to generate interest from multiple parties.
2. Get professional photos. Most people decide whether or not to visit a home based on the photos that they see online. Hire a professional photographer to take high-quality photos of your home that evoke an emotional response.
3. Stage the home. You want to make it as easy as possible for buyers to see themselves living in your house. Staging your home with attractive furnishings is a great way to do just that. The goal is to get people to fall in love with your property so that they are emotionally invested in the bidding process.
If you are lucky enough to be able to start a bidding war when selling Dallas, TX real estate, you most likely will get a number of great offers for your home. When people fall in love with your house, they often will drive the price up higher than its true value, making this a great strategy for selling a home.