How to Start a Bidding War on Your Waterfront Home in Candlewood Lake

How to Start a Bidding War on Your Waterfront Home in Candlewood Lake

 

As a seller of Candlewood Lake homes, you need to know how to attract the attention of buyers. It would also be helpful if you have a strategy on how to start a bidding war to get the best offer for your home. 

Read on for some tips on how to start a bidding war on your property and get the best offer possible.

Create a website for your home

You can use the Internet and social networking sites to create a buzz about your home, which would more likely result to a bidding war. Having a website allows you to post pictures of your home and gives you the ability to share the link on Facebook, Twitter, Linkedln, and anywhere else prospective buyers may be hanging out. Since majority of buyers search for houses online, having an online presence increases the chances of getting seen and starting a bidding war. A website just for your house is a powerful tool that could help drive interest to your home.

Stack the open house

Another way to maximize exposure and start a bidding war is by having your real estate agent schedule an open house for potential buyers of homes for sale in Candlewood Lake shortly after the home is listed. Having an open house full of potential buyers increases the possibility for a bidding war because buyers don’t like feeling they are missing out. Work with your agent and schedule showings back to back so that potential buyers will bump into each other on the way in and out.

Select an agent with experience in managing bidding wars

When selling your home, look for a real estate agent who has the experience and strategies to handle a bidding war. Ask about his or her experience in handling multiple bids and similar negotiations. Find out how he or she plans to communicate with all the parties involved. Choose an agent who knows how to read a financial statement and to get pertinent information from the buyer, not just whether they have a down payment or not, but other pertinent details as well.

Make your house feel inviting

When buyers come and look at a home, they want to envision themselves already living there. With so many other lakefront properties in Candlewood Lake, it is essential to make your home look comfortable. If your house is already vacant, consider renting furniture or hiring professional home stagers to decorate. Keep in mind that most buyers won’t be attracted to empty and uninviting homes.

Set a deadline for the best and the highest

Most sellers want at least two offers because working with just one gives you no leverage. Once you have two or three offers, you can now schedule a best and final bid. When scheduling a deadline, it is advisable to wait a few days after the offers start coming in. Give buyers some time to submit a second and better offer. Buyers usually may want to come back for a second look or may want to take a day or two to sweeten the offer by moving funds around or reapplying for financing.

Check out http://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.

5 Most Common Home Inspection Mistakes

5 Most Common Home Inspection Mistakes

 

Finding the home of your dreams among dozens of Lake Zoar real estate listings can give you so much excitement that you can’t wait to make an offer and close the deal. Once the seller accepts your offer, the next thing that you need to do is hire a home inspector. This will help you determine if it is really worth investing in the property. Neglecting the home inspection could lead to serious and costly problems in the future.

Here are five common home inspection mistakes buyers often commit:

1. Ignoring the deal breakers

Getting a home inspection can help you identify how much you will need to spend to have the home repaired or renovated. After finding out the results of inspection and you find that you are unwilling to spend on repairs for problems like faulty gutters or cracked walls, you might need to skip that home and search for other Lake Zoar homes for sale.

2.  Not hiring the right inspector

When hiring an inspector, look for a professional who will give you an unbiased point of view about the home. The inspector is one of the only parties in a real estate transaction who isn’t paid based on the selling price of the home. Work with an inspector who is part of a home inspection group that follows a specific ethical guidelines.

3. Not following up on inspection

Once you get your inspection report, you and your trusted real estate agent should go through it together. This is the time when you should follow up on the report. To make sure you are getting your money’s worth, you can hire multiple inspectors with specializations on the different systems in the home. They can help you determine the kinds of problems the home has and what items need repair in case you decide to buy the property. This will also give you an idea how much money you are going to spend for repairs.

4. Expecting your inspector to know it all

While it is true that there are some knowledgeable and skillful inspectors out there, you can’t expect them to know everything about the Lake Zoar waterfront home for sale.  Inspectors don’t have crystal balls to see the future. A good inspector can give you an idea of what may need to be replaced, but they can’t know for sure. Take this into consideration when negotiating repairs.

5. Not using the home inspection for future plans

Home inspection reports can also be utilized for future planning. It is not just one of the steps you have to go through before closing on a property. The money that you will spend on a home inspection now may save you costly repairs down the road. A detailed home inspection report can also give you an idea of what upgrades may be needed, especially if you are purchasing an older home.

Bring in a trustworthy, knowledgeable home inspector and make sure to listen to him. This will make the home buying process smoother.

Check out http://HomesInConnecticutForSale.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.