Sellers Can Accept Multiple Offers
Multiple offer situations are becoming increasingly common in the Vancouver Real Estate Market due to rising prices. Competition or the risk of losing out on desirable property disciplines and motivates Buyers to act decisively in multiple offer situations. Sellers can get market value for their properties quickly and easily, and the likelihood of receiving an offer above the asking price is much higher.
GETTING A BIDDING WAR ON YOUR PROPERTY
Choose a Realtor who understands the market! Hire a Pro who is up to date on the latest developments in their field. Check to see if they have recently completed multiple successful transactions for sellers they have worked with.
Competitive Pricing! Price your home at or slightly below the most recent comparable sale. Make certain that you and your Vancouver Realtor have done your homework. If a listing says it is active on Realtor.ca, it may have been sold. Check out the most recent market information!
Prepare! Make sure you have all of the property documentation ready and available before the Open Houses. Making the documentation available for potential buyers to review before submitting offers increases the likelihood of receiving a subject-free offer significantly.
Make the property easy to show and accept offers at a predetermined time. Everyone who has access to your property is a potential buyer. The more of these people who see your property, the more likely you are to receive multiple offers. Open Houses should be held on Saturday and Sunday, and offers should only be accepted on the following Monday or Tuesday. This gives people time to speak with their bank/mortgage broker, which should improve their chances of getting a subject.