Palm Beach Gardens waterfront homes are a rare find and, if guided by the right Palm Beach Gardens real estate agent, can be caught in the midst of a bidding war. This autumn, don’t fall into the same rut as other waterfront homes, but rather spark interest and create a bidding war for your property!
Understandably, you may assume a Palm Beach Gardens real estate bidding war will never happen with today’s current market conditions. However, if you employ these simple strategies, you may just ignite a bidding war for your PBG waterfront home.
- Compare your house to others in the neighborhood. First and foremost, arm yourself with information to help buyers make an objective decision. Research other waterfront homes for sale and find out the number of foreclosures and short sales, verify the school zones, and write down all the differences between your home and other waterfront homes for sale.
- Price accordingly. If you have done your homework, you know the price that similar homes have sold for in your neighborhood. Remember, the goal is to create a bidding war so you need an attractive price point to draw in as many buyers as possible. It is not uncommon for buyers to make more than the asking price, especially if they know other offers have been made.
- Highlight your property’s best features. With hundreds of houses on the market, you need to find something that differentiates your property from others. You’re striving to make buyers think that your house is special, so take a lot of pictures of your property’s distinctive features.
- Have an open house. By hosting a widely-advertised open house, buyers have the opportunity to meet each other. When potential buyers come face to face with other potential buyers, then a bidding war may occur. Potential buyers see firsthand how interested other people are and are more apt to make a higher offer on the home.
- Be the general of your war. Should you discover interest in your Palm Beach Gardens waterfront home from multiple parties, consider setting a date for preliminary bids. You can discard the low-ball offers and set the highest bid as your new minimum. Continue this process until you stop receiving bids and then proceed with the highest offer. Suppose you only get two initial bids. You can still ask the lower party if he or she would like to submit another offer.
This fall, set your South Florida waterfront home apart from others by creating a bidding war and walking away with the best deal for your real estate transaction. To help you get your waterfront home sold this fall, call a Golden Bear Realty specialist at 561-721-2626.