We buy houses in Washington DC. The success of selling your house depends on the market you’re selling into. In this article, you’ll read about how to take advantage of a seller’s market in Washington DC for home selling…
In a buyer’s market, there are many sellers and not many buyers. In a seller’s market, it’s the opposite – many buyers and not as many sellers. If you’re a seller in a seller’s market, you have the advantage already of having a scarce commodity that buyers want.
But just because you’re a seller in a seller’s market doesn’t mean you should just let the buyers dictate the terms. You have the advantage and you can still come out ahead…
How To Take Advantage Of A Seller’s Market In Washington DC For Home Selling
Advantage #1 You Can Ask A Higher Price
Following the simple rule of supply and demand, you can ask a higher price (and often get it) because buyers don’t have as many choices available to them. So the first way to take advantage of the seller’s market is to simply ask for more money.
Advantage #2 Ask For Or Remove Conditions
Price is just one component of selling a house. Another component is the conditions that are also placed on the sale – including an inspection, a site survey, repairs, or appliances that will remain in place. But these are what the buyer might ask for. As a seller, you can ask for certain conditions, too (especially in a seller’s market where you have the upper hand). For example, why not ask to just leave the house in as-is condition for the buyer to clean up?
Advantage #3 Generate Multiple Offers
When you only have one offer, you sometimes feel forced to take it. But when you’re presented with multiple offers from multiple buyers, you can get picky, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then go through each offer at your leisure to determine which one is right for you.
And that’s how to take advantage of a seller’s market in Washington DC for home selling! If you’re selling your house in Washington DC during a seller’s market, use these tips to take advantage of the situation and enjoy a higher return, the addition or removal of conditions, and multiple offers to choose from.
We Buy Washington DC Houses
We buy houses in DC. As local cash home buyers, we would love to give you a fair all-cash offer to buy your house today. There’s no obligation to accept our offer, so doesn’t it make sense to at least see how much we’d pay? The House Guys will go through all of your options with you and help you find the best resolution for your home sale. Timeline and cost are two big factors that could make a traditional agent not even an option when selling your home. Get in touch with us by phone at (571) 207-5171 or filling out the form below.