Making Better Real Estate Decisions

Almost every home seller wants to receive the highest possible offer for their home. However, you might receive low offers instead. This can be frustrating and leave you feeling helpless, but it's important to remember that you are in control of the situation.

Here are two reasons why you might be receiving low offers on your home.

You're Selling in a Buyer's Market

A buyers' market is when there are more homes selling than buyers who want to buy them. This puts buyers in the driver's seat because they have more options to choose from. As a result, buyers have more negotiating power and can often get homes below the asking price. While this isn't always the case, it's important to be aware of your local market conditions before putting your home up for sale.

If you're selling in a buyer's market, you might want to consider:

• Pricing your home competitively from the start
• Working with a real estate agent who has experience selling in a buyer's market
• Being open to negotiating on the price of your home

While you might not get your ideal sale price, taking these steps can help increase your chances of selling your home.

You've Priced Your Home Above the Competition

Homes can often sit on the market for months without selling, especially if the home is priced too high. Maybe you have some personal attachment to your home or think it's worth more because of recent renovations.

But most buyers will already have a home in mind that they want to purchase, so if your home is priced too high, they likely won't even consider it. In fact, most buyers will be looking at other homes in the same price range and comparing them to yours. As a result, you might end up getting low offers or no offers at all.

To get top dollar for your home, you need to price it competitively. This means looking at comparable homes in your area that have recently sold and pricing your home accordingly. Work with a real estate agent to help you determine the right price for your home. You can also do a few other things such as:

• Make sure your home is in the same condition or better than the homes that have sold recently
• Stage your home to make it more appealing to buyers

By taking these steps, you can make your home more attractive to buyers and help increase the chances of selling. You also might want to consider pricing your home a little below market value. This will generate more interest in your home and could lead to multiple offers, which could help drive up the price.

If you are looking to put your house on the market, contact a local real estate home seller.