Multiple
Offers
Multiple offers' is a
term used to describe when a seller receives more than one offer
at the same time. A sellers dream come true, the
multiple offer situation often results in the home selling for
very close to the asking price, if not the asking price. In our current market, it is common for Real Estate Agents to list homes on the MLS and then 'hold offers' until a specific date in hopes of creating
a multiple offer advantage for their sellers. On the cautionary
side, many buyers have decided that they have had enough of this
and refuse to be involved in multiple offers, or as they put it
'bidding wars'.
Remember: Multiple
offers happen when a home is either under priced or extremely
well priced. If you believe in the philosophy of asking a lot
in order to allow room to negotiate - don't hold your breath
for multiple offers.
Multiple
Listings Service (MLS)
The MLS is operated by
the Grey-Bruce Real Estate Board. Through detailed indexing and
organizing, the MLS service allows all the members of the Grey Bruce Real Estate Board the opportunity to find your home and show
it to their prospective buyers. The MLS system is fully computerized
and now on the Internet for it's members. The public can access
most of the same information at www.MLS.ca or www.celerity.ca.
The MLS system is a valuable tool and allows for the broadest exposure.
Advertising
Your Home
How will you advertise
my home? Exposing your home to the broadest and most likely group
of buyers is one of the most important issues in selling your
home for the highest possible price.
"Our goal is to
introduce as many serious buyers to our clients home as possible."
Each home is different and many require unique methods of exposure.
We find the local newspaper and our sign on your yard to be valuable tools, as well as
our RealEstatePortElgin.com website.
We find the majority of
our buyers and sellers are trying to stay within their present
neighbourhood. Advertising our listings locally has allowed many
of these people to find their next home.
For a personal plan on exposing your own home to the broadest
market place, call Joyce Dudgeon & Debbie Duplantis.
Pricing
Your Home
Determining a realistic
price for your own home can be a confusing task. Joyce and Debbie
have been in just about every home that has sold in the area
and are able to give you an accurate market evaluation on your
own home. Using the Comparable Data Method, Joyce and Debbie analyze
what similar homes in the immediate neighbourhood have sold for
in the same market conditions. With a written report, including
all the MLS print outs of the comparable homes used in the study,
they then analyze the findings with their sellers.
It is always our sellers
choice as to how they would like to price their home. We offer
experienced advice.. "After all, it's their
home!"
It is important to note that
everything must be taken into consideration when determining
a realistic price for your home.
- Lot size
- Home size
- Improvements
- Inclusions
- Location
Asking more
than everyone else?
Just remember, buyers are comparison shoppers. They look at everything
before they make a decision. One of the most commonly asked questions
from buyers is 'how long has this home been for sale?' If your
home is sitting on the market, the buyers ask "why hasn't
it sold?" What do you think will be their number one reason?
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