How To Take Advantage Of A Seller’s Market In the Bay Area For Home Selling

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 the Bay Area 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.

Here’s how to take advantage of a seller’s market in the Bay Area for home selling…

 

How To Take Advantage Of A Seller’s Market In the Bay Area 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. 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

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.

 

Summary

And that’s how to take advantage of a seller’s market in the Bay Area for home selling! If you’re selling your house in the Bay Area 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.

 

And don’t forget that we’re house buyers as well and we’d love to give you a fair all-cash offer to buy your house today.

 

There’s no obligation so doesn’t it make sense to at least see how much we’d pay? Get in touch with us by phone or by clicking here and filling out the form.

Cash Buyers
Jake Knight

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Jake Knight

Jake Knight has been a residential real estate investor since 2016. He specializes in acquiring and renovating houses in the Bay Area, Sacramento, eventually expanding to over 15+ states. Jake’s prior experience in lending, going back to 2003, laid the foundation for solving complex real estate issues.

Drawing upon his background in assisting sellers with the task of transitioning from a home they have lived in for decades, Jake launched a “senior move management” business in 2021. This company provides valuable support to seniors during the process of packing, coordinating their moves, and downsizing as they transition into senior living communities.

In 2022, Jake expanded his services by becoming a licensed real estate agent in California, providing comprehensive solutions to his seller clients.

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On the other hand, there are some sellers who need a custom solution due to either the property’s condition or the seller’s personal situation, or a combination of the two.

When the property is in really bad shape, they’re likely going to sell to an investor, so it may make sense to save money on commissions and find their own investor.

Some examples of personal situations that we can help with are: hoarding, pre-foreclosure or other financial issues that require a fast home sale, house with non-paying tenants or squatters, severely delinquent property taxes, homeowners who want to rent back the home longer than normal, or sellers who value privacy and/or are embarrassed by their home.

If your seller lead meets these criteria, you should propose the idea of making an introduction to me. You can simply suggest to them that your partner or colleague buys houses and ask if they are interested in speaking with me. Remember, you are not performing real estate agent duties. See our disclaimer below. The main thing to keep in mind at this point is to qualify them as a good fit or not. I can help you with the documentation and process things.