Are you thinking about selling your property and it’s currently a seller’s market? Keep reading this blog post to discover the 5 ways to attract multiple offers in a seller’s market in Chicago….
In a seller’s market there are typically less homes available for sale than what the current pool of buyer’s demand. This is an ideal scenario for a home seller and if the market is strong enough, the seller may find themselves in a multiple offer situation when selling their house.
In most cases being a seller with multiple offers on the table is the best-case scenario when selling your property. It will put you in a position to choose an offer that is best suited to your specific needs versus having to compromise on the various demands of an individual buyer. At the end of the day when you are selling a house that has multiple offers you are in a position of power and will be able to have more control over the terms and sale of your property than selling without multiple offers.
Here Are 5 Ways To Attract Multiple Offers In A Seller’s Market In Chicago
#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.
#2. Price
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.
Summary
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 Chicago.
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 Chicago IL area and we’d like to make an offer too. Click here now to fill out the form or call us at 630-387-6861 and we’ll get in touch with our best cash offer.