How to Get Multiple Offers on Your Home
We may be in the middle of a pandemic, but the real estate market doesn't seem to be slowing down. More people have time to look for homes, move/pack and we're seeing record-low mortgage rates, so it turns out home sales are up. According to an article by the Dallas News: "After steep declines in April and May, North Texas home sales rebounded in June. Area real estate agents sold 16% more single-family homes than in June of 2019."
But, just because it is a seller's market doesn't mean that you can put your home out there as is and hope for the best. We recently staged a home in the Dallas area that received 44 showings and 7 offers in just 24 hours. Instead of doing the work on the back end like showing houses, paying for ads and promotion, and waiting around, you can save time and money on the front end by making sure you are 100% prepared before your home even goes on the market.
Make it stand out online
The Millennial generation now makes up most of the home buying market and virtually all millennials (98%) use the internet for their home search—and 78% of them found the home they purchased on a mobile device last year (source). In other words, photos are everything. With the home that received dozens of showings in a day (pictured below), we thoughtfully staged it to appeal to the younger generation with bold colors, contemporary furniture, and open spaces.
Photos by Lance Selgo/Unique Exposure Photography
Even though it is a seller's market, don't go too high on your asking price. This will decrease the number of offers. The fewer offers you have, the less of a chance of a bidding war. You want multiple offers to encourage competition. Check out what other homes in your neighborhood are valued, consult your realtor and go from there.
Get a home inspection prior to listing
This seems like a tedious to-do item, but in order to get multiple offers on your home quickly, you should go ahead and get the home inspection performed so you have answers for potential home buyers. Plus, it's impressive to have this done ahead of time and make it accessible to home buyers! The honesty and transparency you're giving them will elicit trust and attract multiple buyers.
Let us help you get multiple offers on your home in Dallas. Contact Staging Dallas today for a consultation!