Start a home bidding war for your Candlewood Lake home buyers, here's how!

5 Ways to Start a Bidding War on Your Candlewood Lake Home for Sale

By Deborah Laemmerhirt | April 18, 2016

5 Ways to Start a Bidding War on Your Candlewood Lake Home for Sale

 

Most sellers of Candlewood Lake homes dream of getting multiple buyers interested in their property. When that happens, a bidding war begins. It is a situation where two or more buyers are so interested in the home that they make increasingly higher offers on how much they are willing to pay to become the new owner of the home.

Start a home bidding war for your Candlewood Lake home buyers, here's how!

Here are five easy ways to spark a real estate bidding war:

Study the local market

Analyzing the local market will help you market and price your property correctly. Find out how many lakefront properties in Candlewood Lake are for sale and what the median pricing is. Research which types of houses sell the fastest and what drives the price in your area. Arm yourself with as much information as you can so that you will be more prepared to handle bidding wars.

Price your home right

To get the attention of buyers and to attract multiple offers, you need to price your home just right. Remember that if you set the price too high, you will not draw much buyer interest and your home will stay on the market for months or even a year. Work with your trusted real estate agent and analyze the comparables. Price your home slightly below the fair market value. Avoid pricing your home too low because buyers might think something is wrong with the property.

Stage your home

Most of the time, buyers initially select a house based on how it looks. If your home is staged, it will attract more buyers and agents and could start a bidding war. Make sure your home is free of clutter, avoid loud colors, and has remove pictures or personal items. The goal is to make it as inviting as possible so that buyers can easily envision themselves living in your home. Make sure to improve your home’s curb appeal too because some buyers won’t even get out of the car when looking for prospective homes.

Create a sense of urgency

Let buyers bump into each other so that they will be aware that there is a competition. Hold open houses that have been advertised widely. Then invite your friends to come to the open house and look around. Potential buyers are more likely to make a bid when they see apparent interest from other parties.

Make your property stand out

Setting your home apart from other homes for sale in Candlewood Lake is especially important in a market with a tight competition. Consider why a buyer would bid on your home over dozens or hundreds of others. Look for your home’s unique features and highlight them in the listing. This will convince buyers that your home has features not found anywhere else in the market. Remember to take lots of pictures of your home’s best features.

Follow these tips to attract multiple offers and start a bidding war. Check out https://www.CandlewoodLakeHomesforSale.com today for more home selling tips and suggestions.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

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About Deborah Laemmerhirt

Let me assist you in finding everything you need to know about buying or selling a home! As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That’s why I constantly research the home, market and estate values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative marketing techniques to attract potential buyers. As an Internet-savvy real estate representative in Connecticut, I’ve had the opportunity to help many home buyers find their ideal homes and many sellers obtain top dollar for their homes. Buying or selling a home is one of the largest financial transactions that most people ever undertake, so I will help you through every step of the process. My goal is to make your home selling or buying experience as easy and enjoyable as possible. My services include: Explaining the home selling and buying process thoroughly Diligently selecting homes that meets your criteria Pricing your home correctly and implementing a unique yet proven marketing plan Negotiating on your behalf Tracking the closing process to ensure a smooth transaction I welcome the opportunity to address any questions you might have about buying, selling or current market conditions. Please call or e-mail me any time, and I will be happy to discuss your next steps in the buying or selling process. I specialize in both Residential and Commercial Properties. I also head a Real Estate Group to provide you with expert service and support. Areas of Expertise Making transitions in your life is challenging. You may be moving from out of town, a different state, internationally or just next door! Regardless of the distance I am prepared to respond to your unique needs.If you are a BUYER looking to downsize, up-size, want a new construction, desire a condominium, to invest, even if this is your first home, I will design a unique plan to fulfill your needs in a reasonable time frame, with the best negotiated price and the least amount of inconvenience.For my Home Sellers, I have an innovative marketing plan that will leave nothing to chance. Just call, and I would be happy to share the DIFFERENT and SUCCESSFUL TOOLS I utilize on each of my listings. I have lived in Connecticut for over 35 years. I practice Real Estate in Fairfield County, New Haven County and Litchfield County. This includes, but is not limited to Bethel, Bridgewater, Brookfield, Danbury, Harwinton, Kent, Litchfield, New Fairfield, New Milford, Newtown, Oxford, Ridgefield, Redding, Roxbury, Sherman, Southbury, Warren, Washington, Westport and Wilton.