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Take Advantage of a Home Seller’s Market in Lake Charles

Posted by Bayou Property Partners on May 22, 2021

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 Lake Charles 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 Lake Charles for home selling…

How To Take Advantage Of A Seller’s Market In Lake Charles 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 0r 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

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 Lake Charles for home selling! If you’re selling your house in Lake Charles 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.

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