Being successful selling your house fast depends on the market you’re in. This article will show you about taking advantage of a seller’s market in Fort Wayne to sell your home fast!
A buyer’s market has more sellers then buyers in it. The reverse is true in a seller’s market, there are more buyers than sellers. So, in a seller’s market you have the upper hand because there are not as many homes for sale to fill the demand that the buyers have.
Just because you are a seller in a seller’s market doesn’t mean you will always sell your home fast. There are many factors that determine selling the home quickly. One huge benefit is that you have leverage and can many times come out ahead.
Here’s how to take advantage of a seller’s market in Fort Wayne for home selling…
Taking Advantage Of A Seller’s Market In Fort Wayne To sell your home fast!
First is you can ask for a higher price
The simple rule of supply and demand is when there is less of something in the market to buy then there are buyers, the price goes up for that item. So, when there are fewer sellers and homes available then there are buyers trying to buy those homes, the price goes up. Buyers have fewer choices so sellers can ask for more money for their homes.
Second is negotiating or removing Conditions
The cost of a home is just one piece of the puzzle when selling a home. There are contingencies in most if not all contracts. These are things like property survey’s, home warranties, financing contingencies, inspection contingencies, intended use contingencies, insurance, appraisal, closing, possession and many more. These conditions of the sale have a huge and sometimes overlooked affect on selling your home fast. When in a seller’s market, you can make these condition work in your favor if you pay close attention to how the contract is written. For example, why not ask to just leave the house in as-is condition for the buyer to clean up? Another example would be asking for more earnest money, or keeping possession of the home after closing for a certain amount of time rent free, or having no inspection contingencies.
Another advantage is generating Multiple Offers
If you have only one offer on your home, many sellers feel pressured to accept that offer. But, if you are presented with multiple offers from several buyers, you can get picky. With multiple offers you can also negotiate from a position of power and strength. One strategy is when listing your home designating a specific day and time you in the future to review all offers received. This puts the seller in the drivers seat. You can then go through each offer at your leisure and decide which one is the best for you and your situation.
Summary
These are several ways that you can take advantage of a seller’s market in Fort Wayne to sell your home fast. If you do decide to sell your house in Fort Wayne during a seller’s market, use these tips and take advantage of the situation to enjoy higher returns. You will also be able to add or remove conditions that suit you when and if you get multiple offers.