The success of selling your house depends on the market you’re selling into. In this article, you’ll read about how to take advantage of a seller’s market in Orlando for home selling…
In a buyer’s market, there are many sellers and not many buyers. In a seller’s market, it’s the opposite – many buyers and not as many sellers. If you’re a seller in a seller’s market, you have the advantage already of having a scarce commodity that buyers want.
But just because you’re a seller in a seller’s market doesn’t mean you should just let the buyers dictate the terms. You have the advantage and you can still come out ahead.
Here’s how to take advantage of a seller’s market in Orlando for home selling…
How To Take Advantage Of A Seller’s Market In Orlando For Home Selling
Advantage #1 You Can Ask A Higher Price
Following the simple rule of supply and demand, you can ask a higher price (and often get it) because buyers don’t have as many choices available to them. So the first way to take advantage of the seller’s market is to simply ask for more money.
Advantage #2 Ask For Or Remove Conditions
Every condition, no matter how reasonable, becomes a sticking point in the negotiation.
As a seller, you might want to consider either asking for conditions or removing them from the list of expected terms. Here are some guidelines:
First-time buyers who may need to pay to have a house inspected before closing might be more comfortable with a ‘conditioned’ sale where they can hire their own inspector and then ask for repairs rather than ask that the current owner make those repairs.
If an appliance will remain in place as part of the sale, it should be agreed upon by all parties what the new owner’s responsibility is regarding upkeep and repair costs. Even appliances considered basic to any home purchase such as fridge, stove, washer/dryer could break down. If a buyer wanted to assume responsibility for repair and upkeep, that should be negotiated up front before the sale takes place.
Advantage #3 Generate Multiple Offers
When you only have one offer, you sometimes feel forced to take it. But when you’re presented with multiple offers from multiple buyers, you can get picky, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then go through each offer at your leisure to determine which one is right for you.
And that’s how to take advantage of a seller’s market in Orlando for home selling! If you’re selling your house in Orlando during a seller’s market, use these tips to take advantage of the situation and enjoy a higher return, the addition or removal of conditions, and multiple offers to choose from.