If you want to sell your Lake Whatcom property, generating multiple offers is the key to a successful sale. There's no doubt that selling a home can be a stressful experience. But if you're smart and strategic about it, you can dramatically increase the number of offers you receive on your Lake Whatcom homes. Here are eight ways to do just that!
1. Have your home inspected and make needed repairs
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While sellers often wait to have their Lake Whatcom homes inspected only after a buyer requests it, there is value in hiring an inspector before putting it on the market. This will give buyers confidence that your home is in good condition and help you avoid problems later on.
Buyers are always looking for move-in-ready homes, so if you can show them that your home doesn't need any work, they'll be more likely to make an offer. If any repairs need to be made, it's best to do them before putting your Lake Whatcom property on the market. This will give buyers peace of mind knowing they won't have to deal with unexpected repairs after moving in.
2. Enhance curb appeal
First impressions are everything, so you want to ensure your Lake Whatcom property looks its best from the street, a phenomenon often referred to as curb appeal.
You can do a few simple things to enhance curb appeal and make your property more inviting to buyers of Lake Whatcom homes. Start by power washing the exterior, trimming any overgrown bushes, and adding a fresh coat of paint to the front door.
You can also add some potted plants or flowers to the entryway to warmly welcome buyers of Lake Whatcom homes. These small touches can make a big difference in how buyers perceive your home.
3. Hire a staging company
Even if you feel your Lake Whatcom property will show well as is, you will benefit from the services of a professional staging company. A staging company will bring furniture and decor to make your home look its best. They will also help you declutter and remove any personal items that could distract buyers of Lake Whatcom homes from seeing the potential of your home. Be sure to ask your real estate agent for recommendations on reputable staging companies in your area.
4. Work with the right agent
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If you want to generate multiple offers on your Lake Whatcom property, working with an experienced real estate agent who knows the Lake Whatcom real estate market is essential. Your agent should have a proven track record of successfully selling Lake Whatcom homes and will be able to guide you through the process from start to finish. When meeting with potential agents, ask about their experience selling homes in the area and what strategies they would use to sell your home.
5. List at the right price
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One of the most critical factors in generating multiple offers is pricing your Lake Whatcom real estate correctly from the start. If you price your home too high, buyers will hesitate to make an offer because they know they can find a better value elsewhere. On the other hand, if you price your home too low, you'll likely miss out on potential profits.
The best way to determine the right price for your home is to compare it to recent sales of similar homes in the area. This will give you a good idea of what buyers are willing and able to pay for a home like yours. Once you have a price, consult your agent for their professional opinion.
6. Use professionally shot photos and video
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In today's digital age, buyers are doing much of their home viewing online. This means the photos and videos you use to market your home are more important than ever.
If you're not a professional photographer, hire someone to take high-quality photos and videos of your home. These photos and videos will be the first things buyers see when they start their search, so you want to ensure they're impressive.
In addition to photos and video, your real estate agent may recommend a virtual tour to give buyers a complete picture of your home.
7. Host showings back-to-back
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When potential buyers tour your property, you want to ensure they have a good experience. This means being flexible with showings and accommodating as many buyers as possible. One way to do this is by hosting showings back-to-back. This allows multiple buyers to see your home quickly, but more importantly, it lets them see there is already interest in the property, which can spur them to make an offer.
You'll want your agent to host the showings since homebuyers are more comfortable talking to an objective third party than the current homeowner. While showings are taking place, be sure to leave the house so buyers can feel comfortable and take their time touring the property.
You may also want to consider open houses as another way to generate interest in your home. Open houses are typically held on weekends when more people are available to tour homes. Remember that the more flexible you are in hosting multiple showings, the more likely you are to generate multiple offers. The goal is to make your home accessible to potential buyers so they can easily imagine themselves living there.
8. Set a fixed offer deadline
One strategy to generate multiple offers on your Lake Whatcom real estate is setting a deadline for bids. By giving buyers a specific date by which they need to submit their offer, you're encouraging them to act quickly instead of dragging their feet.
At the same time, setting a deadline also allows you to review all the offers and choose the one that's best for you. Ask your agent for their opinion if you need help determining when to set your offer deadline. They will help you pick a timeline that makes sense for your situation.
Remember, the goal is to get as many offers as possible so that you can choose the best option. Generating multiple offers on your home is a great way to ensure you get the best possible price. Following these simple tips can make your home more appealing to buyers and increase your chances of receiving multiple offers.
If you have any questions about selling your Lake Whatcom home, or if you're ready to get started, contact Derek Buse at Buse Agency today. We offer a comprehensive suite of resources and services for sellers, plus the experience to entice motivated buyers who may be relocating to Lake Whatcom. Start your sales process today by enlisting Derek at Buse Agency as your advocate.