How to Get Multiple Offers for HomeSellers in Milpitas CA.
Last week one of my REO listings in San Jose CA went into escrow. We received 14 offers on the property. The final selling price went $110,000 over list (asking) price. Here are tips on How to Get Multiple Offers for HomeSellers in Milpitas CA.
- Price your property well. A tight BPO (normally used in valuations of REO's) will give you the price range for your area. From that range, price your property at the low end - specially if there are other Active competitive listings that are priced very aggressively. Remember the saying, "Price it high watch it die, Price it low watch it go."
- Have a complete disclosure package ready. A disclosure package can contain information from the HomeSeller on what the HomeSeller knows and thinks is the condition of the property. It should also contain a Home Inspection Report, Roof Report and Termite Report from a reputable licensed inspection company. Buyers who submit offers for a property with full knowledge of the property's condition are really interested and less likely to back out.
- Create a set time / date for receipt of offers. It can be after 2 open houses or within a week of listing the property. This creates an urgency or a call to action in interested buyers and their agents to quickly submit an offer. This strategy creates buzz and movement.
- If you have followed all of the above steps, you should receive several offers. Three (3) offers are considered multiple offers. If you have received several offers, send out information that you have multiple offers. The prospect of being outbid on multiple offers brings out the aggessiveness of really interested buyers.
- Counter offer the top 3 or all of the offers. You want to give all your buyers a chance to win the bid. The counter should bring a higher price or better contingency conditions. A buyer who removes all his conditions to sale is a buyer who will not back out from the offer.
Follow these tips on How to Get Multiple Offers for HomeSellers in Milpitas CA to get your home sold fast, for the most money and with the least hassle.
Let us know if we could assist you in selling your home. We are experienced Listing Agents, well versed in the criteria and analysis needed for accurate Broker Price Opinions (BPO). We have thorough knowledge and experience of the real estate process, a wide encompassing targetted marketing plan, timeliness of tasks and meeting deadlines, constant contact with all stakeholders in the sale - specially the Seller, shorter days on the market and "wow' customer service. We are also experienced REO and Short Sale Listing Agents.
Call (408) 316-0793 or email (rpablaza@comcast.net). Let us help you manage your home to the closing table.
For More Information about Selling Your Home in Milpitas CA, check out my other blogs:
Tips For Selling Your Home in Milpitas CA
Your Secret Weapon in Milpitas CA
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