Five Tips to Start a Bidding War for Your Home

As buyers realize that prices are stabilizing, bidding wars are erupting over homes in desirable locations where the local market already is heating up. There are several things sellers and their Realtors can do to boost demand and ignite a bidding war over their home, beginning with pricing the home just slightly less than what it is worth based on comparables from the last 60 days. In addition, sellers should have their agents host a broker open house to maximize exposure and develop a website with plenty of pictures and a floor plan diagram that can be shared via social networks. Additionally, experts say agents should schedule showings back to back so buyers bump into one another and understand there is competition. Finally, sellers and their agents should stage the home with a focus on eliminating clutter and generating curb appeal. | Read More