your property from the market. To maximize your outcome, consider alternative strategies. NEGOTIATION TECHNI N TECHNIQUE #2: Decline an Offer, but Extend an Opportunity Imagine a scenario where a buyer shows interest in your property but submits a less-than-ideal offer. Rather than hastily accepting or declining, take the bold step of rejecting their offer and inviting them to resubmit a higher bid. By doing so, you signal to the buyer that their initial offer falls short. This can encourage them to return with a more favorable proposal, provided they genuinely value your property. While this tactic may not work with every buyer, it leaves you open to better offers in the future, ensuring you find someone truly willing to meet your asking price.
NEGOTIATION TECHNI N TECHNIQUE #3: Elicit a Bidding War
Did you know that bidding wars can significantly elevate the sale price of your home? You're likely aware of this phenomenon, especially if you've been navigating the exceptionally hot seller's market that prevailed from 2020 until the latter part of 2022. Creating a bidding war is a carefully orchestrated strategy that can yield bids surpassing your initial asking price. Allow me to elaborate. In some instances, orchestrating a bidding war can significantly boost the final selling price. By introducing an open house and delaying the consideration of offers until afterward you create an environment ripe for competition. Potential buyers who admire your home will be motivated to submit their bids, often driving the price above your initial
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