Are you thinking of selling your home in Orlando, Florida? Do you want to get the best possible price and terms for your property? If so, you need to know how to attract multiple offers in a seller’s market.
A seller’s market is when there are more buyers than sellers, which means that the demand for homes is high and the supply is low. This creates a favorable situation for sellers, who can often sell their homes fast and sometimes more than the asking price if done right.
But how can you make sure that your home stands out from the competition and attracts multiple offers from qualified buyers? Here are four tips from an experienced real estate agent in Orlando, Florida:
Attract Multiple Offers: Price it right
The first and most important step is to price your home correctly. You don’t want to overprice your home and scare away potential buyers, who will quickly ignore your property as they may think it is a waste of time to look at.
The are two ways to price your house. The first is to use a home pricing tool like what we have on this website. This will give you the cash value of your home today.
The alternative way to determine the optimal price for your home is to consult with a professional real estate broker who knows the local market and can provide you with a comparative market analysis (CMA). A CMA will show you how much similar homes in your area have sold for recently, and help you set a realistic and competitive price that will attract multiple offers. Keep in mind that you should try and get personal references for any agent you ask for this information; the CMA provided is only worth the paper it’s written on if it is done correctly.
Attract Multiple Offers: Stage your home to impress
The second way to attract multiple offers is to make your home look its best for the buyers. Before you even think of marketing it, you want to create a positive first impression and make the buyers fall in love with your home. To do this, you need to stage your home by decluttering, depersonalizing, cleaning, and repairing your home.
Depending on your budget, you may also want to hire a professional home stager who can enhance the appeal of your home by adding furniture, accessories, lighting, and other elements that showcase its features and benefits.
Attract Multiple Offers: Hire a professional photgrapher
The third step is to hire a professional photographer who can capture the beauty and charm of your home in high-quality photos and videos. These photos and videos will be used to market your home online and offline, and they will be the first thing that buyers see when they search for homes in Orlando.
In this era, over 90% of every buyer’s home search starts online. If your photos don’t look amazing, they will just “swipe left” and move on to the next property.
You want to make sure that your photos and videos are attractive, accurate, and highlight the best aspects of your home. A professional photographer will know how to use the right angles, lighting, and editing techniques to make your home look amazing.
Attract Multiple Offers: Market your home effectively
The fourth and critical step to attracting multiple offers is to market your home effectively using various channels and strategies. You want to reach as many potential buyers as possible and generate interest and excitement for your home. Some of the ways you can market your home are:
- Listing your home on the Multiple Listing Service (MLS), which is the main database of homes for sale in Orlando. Although you can sell a house without a realtor, the MLS is the most far-reaching database that buyer’s agents use.
- Creating a dedicated website for your home with photos, videos, descriptions, features, and contact information.
- Posting your home on social media platforms such as Facebook, Instagram, Twitter, Pinterest, and YouTube.
- Tell everyone about it! Your family, friends, neighbors and contacts.
- Hosting open houses and private showings for interested buyers and their agents.
If the above sounds like a lot of work, that’s because it is! That’s why many people prefer to get cash offers, as it is totally stress free and goes quickly. The alternative is to hire a real estate agent who will do all of the marketing work for you, but at a very hefty price (in the tens of thousand of dollars).
By following these four tips, you can increase your chances of attracting multiple offers in a seller’s market in Orlando, Florida. If you need more help or advice on how to sell your home fast and for top dollar, contact me today. I am quite experienced in selling property in Orlando and can guide you through every step of the process and make it easy and stress-free for you.