5 Ways To Increase The Number Of Offers On Your Colorado Springs Home

When you talk to others about selling their home, you are likely to hear a wide variety of experiences. From long stays on the market and price reductions to an immediate sale at an amount well over the asking price, every seller’s experience is different. However, there are some methods to use to make sure your home receives a high number of offers and eventually, a successful sale. It takes a bit of research and following a few vital steps. We’ll outline a number of those steps below.

Before you list your home for sale, you need to do a bit of research to understand the state of the market in Colorado Springs. A real estate market can either be a seller's market, a buyer's market, or a balanced market. A seller's market means there is a surplus of buyers, making it more likely you’ll receive a high number of offers. On the other end of the spectrum is a buyers market, meaning there are more homes on the market than buyers. In this case, you may not receive as many offers on your home. A balanced market is somewhere in between, and it is here or during a seller's market that you’ll be in an optimal position to receive multiple offers.

One of the best ways to generate multiple offers on your home is by making some basic, low-cost improvements to your home before you list it. You only have one chance to make a great first impression. There are several simple ways to accomplish this without breaking the bank. Let’s start with the exterior. To entice buyers, your home should look appealing from the street. Things like a fresh coat of exterior paint, updated lighting, aesthetically pleasing native landscaping, or even small touches like your house numbers or mailbox all make a big difference in how buyers perceive your home. Inside, fresh updates like paint in a neutral color or upgraded kitchen hardware can really wow buyers. Additionally, you should deep clean and declutter your home before any photographs are taken or you allow any walk-throughs or open houses. A clean house is an easy way to convey to potential buyers that you are a responsible homeowner. Staging is also a great way to show off the best possible version of your home. If possible, you can hire a professional to do this for you, or use the advice and experience of your real estate agent to do it yourself. No matter the route you choose, you want to make sure you’re showing off the best parts of your space. This makes it easy for potential buyers to imagine themselves in the home, making it more likely they make an offer.

It is a good idea to hire a professional home inspector to perform an inspection prior to listing your home. This way you will be able to fix any potential problems that may be deal-breakers for buyers that may keep them from making an offer on your home. A professional inspection should cost between $300 and $500, maybe more depending on the size of your home. A small price when it may end up saving you thousands of dollars!

During the inspection, a home inspector will look at both the interior and exterior parts of the home, including but not limited to:

Depending on your budget and ability, you may be able to fix many of the issues that arise after the inspection yourself. This might mean repairing or replacing small broken items like switchplates, fixtures, or screens or rectifying small plumbing or electrical issues. By fixing these things ahead of time and taking away any potential roadblocks, you are making it easier for a buyer to move forward with the sale.

Being upfront and honest with prospective buyers can greatly increase the chance they will want to continue with the process of buying your Colorado Springs home. By showing them a pre-listing inspection report and proof that you’ve fixed any major issues, you’ll build trust and buyers will be more likely to put an offer in on your home.

One of the top influencing factors when it comes to the number of offers you receive on your home is correct pricing. Too often, homeowners believe they should list their homes much higher to leave room for negotiation. This rarely has the desired effect and instead can scare off buyers, leaving the home on the market for too long. Conversely, setting the price too low to see where the market takes it isn’t an effective strategy either. When you are trying to garner multiple offers on your home, your realtor should help you decide on an aggressive listing price that is appropriate for your home and the current market. This should generate a lot of interest and therefore multiple showings during the early days of your listing going live.

Having a skilled, experienced real estate agent on your team when you’re preparing to sell your home in Colorado Springs is a game changer. A good agent is going to be able to deftly generate interest in your home, which if done correctly, will generate a multitude of offers. These days, it is not enough to simply post a sign on your lawn and a listing online, and hope that it sells. A successful agent will have an extensive marketing plan that includes both traditional forms of advertising like mailers and MLS listings, as well as more modern tactics like a strong digital presence. Social media platforms and a relevant blog and website are something that anyone who is in the market to buy a home will look at. With a great real estate agent working on your listing, you can expect a selection of offers.

By doing your research and due diligence, properly preparing your home, and partnering with a skilled real estate team, you can confidently list your home and prepare for offers to roll in. Reach out to our team at Strategic Property Advisors today.