11.04.2014 Views

Dorota Dyman and Associates Real Estate: Useful Tips to Get Multiple Offers on Your Home

In regions with booming real estate markets, sellers may think getting multiple offers on their home is inevitable, but there are a few things you can do to increase your chances. The three must-haves for attracting multiple offers, according to Zillow, are location, price and presentation.

In regions with booming real estate markets, sellers may think getting multiple offers on their home is inevitable, but there are a few things you can do to increase your chances. The three must-haves for attracting multiple offers, according to Zillow, are location, price and presentation.

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<str<strong>on</strong>g>Dorota</str<strong>on</strong>g> <str<strong>on</strong>g>Dyman</str<strong>on</strong>g> <str<strong>on</strong>g>and</str<strong>on</strong>g> <str<strong>on</strong>g>Associates</str<strong>on</strong>g> <str<strong>on</strong>g>Real</str<strong>on</strong>g> <str<strong>on</strong>g>Estate</str<strong>on</strong>g>:<br />

<str<strong>on</strong>g>Useful</str<strong>on</strong>g> <str<strong>on</strong>g>Tips</str<strong>on</strong>g> <str<strong>on</strong>g>to</str<strong>on</strong>g> <str<strong>on</strong>g>Get</str<strong>on</strong>g> <str<strong>on</strong>g>Multiple</str<strong>on</strong>g> <str<strong>on</strong>g>Offers</str<strong>on</strong>g> <strong>on</strong> <strong>Your</strong> <strong>Home</strong><br />

*Synced from Seattle <str<strong>on</strong>g>and</str<strong>on</strong>g> <str<strong>on</strong>g>Real</str<strong>on</strong>g> <str<strong>on</strong>g>Estate</str<strong>on</strong>g> Blog<br />

In regi<strong>on</strong>s with booming real estate markets, sellers may think getting multiple offers <strong>on</strong><br />

their home is inevitable, but there are a few things you can do <str<strong>on</strong>g>to</str<strong>on</strong>g> increase your chances.<br />

The three must-haves for attracting multiple offers, according <str<strong>on</strong>g>to</str<strong>on</strong>g> Zillow, are locati<strong>on</strong>, price<br />

<str<strong>on</strong>g>and</str<strong>on</strong>g> presentati<strong>on</strong>.<br />

You’ve heard it time <str<strong>on</strong>g>and</str<strong>on</strong>g> again: locati<strong>on</strong>, locati<strong>on</strong>, locati<strong>on</strong>. Buyers often c<strong>on</strong>sider locati<strong>on</strong><br />

before other fac<str<strong>on</strong>g>to</str<strong>on</strong>g>rs such as price, number of bedrooms or home size, so a well-located<br />

home is a huge advantage. <strong>Home</strong>s <strong>on</strong> busy streets, near freeway <strong>on</strong>/off ramps, or in lessthan-stellar<br />

school districts may not attract as much interest. Work with a real estate agent<br />

<str<strong>on</strong>g>to</str<strong>on</strong>g> price your home very carefully if it’s not in a prime locati<strong>on</strong>.<br />

That brings us <str<strong>on</strong>g>to</str<strong>on</strong>g> the next fac<str<strong>on</strong>g>to</str<strong>on</strong>g>r: price. Zillow reports that homes priced 10 percent over<br />

their market value will not get noticed, so it’s important <str<strong>on</strong>g>to</str<strong>on</strong>g> be smart <str<strong>on</strong>g>and</str<strong>on</strong>g> realistic with your<br />

listing price. While you w<strong>on</strong>’t truly know the market value of your home until a buyer<br />

closes <strong>on</strong> the sale, real estate agents can help you establish a value range based <strong>on</strong> fac<str<strong>on</strong>g>to</str<strong>on</strong>g>rs<br />

such as whether you are in a buyers’ or sellers’ market, locati<strong>on</strong>, <str<strong>on</strong>g>and</str<strong>on</strong>g> how well your home<br />

shows. If you price your home at the lower end of that range, you can be pretty c<strong>on</strong>fident<br />

you’ll generate lots of interest.


While you can’t change your home’s locati<strong>on</strong> <str<strong>on</strong>g>and</str<strong>on</strong>g> prices can fluctuate based <strong>on</strong> any number<br />

of fac<str<strong>on</strong>g>to</str<strong>on</strong>g>rs, presentati<strong>on</strong> of your home is something you have more c<strong>on</strong>trol over. In <str<strong>on</strong>g>to</str<strong>on</strong>g>day’s<br />

<strong>on</strong>line-focused market, pho<str<strong>on</strong>g>to</str<strong>on</strong>g>s are key, so make sure you put your home’s best foot forward<br />

before you have it pho<str<strong>on</strong>g>to</str<strong>on</strong>g>graphed. Buyers want <str<strong>on</strong>g>to</str<strong>on</strong>g> make an emoti<strong>on</strong>al c<strong>on</strong>necti<strong>on</strong> with a<br />

home, so removing your pers<strong>on</strong>al items, making cosmetic upgrades (if you can afford it),<br />

<str<strong>on</strong>g>and</str<strong>on</strong>g> staging will make a good first impressi<strong>on</strong> <strong>on</strong>line <str<strong>on</strong>g>and</str<strong>on</strong>g> drive buyers <str<strong>on</strong>g>to</str<strong>on</strong>g> look at the home<br />

in pers<strong>on</strong>.<br />

These fac<str<strong>on</strong>g>to</str<strong>on</strong>g>rs, supplemented by the expertise of a local real estate agent who knows the<br />

other homes in the area <str<strong>on</strong>g>and</str<strong>on</strong>g> can help you make yours st<str<strong>on</strong>g>and</str<strong>on</strong>g> out, will give you an increased<br />

chance of getting what all sellers want – multiple offers. If you are interested in selling or<br />

buying a home in the Seattle area, c<strong>on</strong>tact your local real estate agent <str<strong>on</strong>g>to</str<strong>on</strong>g>day.

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