2. Make it clear that you’re not open to bids until the open house is over.
This sets the stage for competition, and from there, you just let human nature take its course. In general, the situation will play out like this: people who love the home will bid. They know others will too, so their bids will be solid, maybe even higher than they would’ve been otherwise. You’ll end up with multiple offers, and hopeful buyers might keep upping their amounts in order to outbid others. All you have to do is wait and see where the offers end up, then take the top bid!
OPTION 4: TIME'S UP
This strategy’s used when you make a counteroffer, and it’s a great way to keep yourself from being legally bound to a contract with a lower bid. All you have to do is give the buyer a due date for them to reject or accept your counter-offered terms. Give them a reasonable amount of time, like two days—not two hours! This helps because it’ll make sure the buyer is serious. If they are, you’ve sold your home faster. If they’re not and decide to move on, you’ll have spent less time dealing with them, which means you can quickly move on to other, more interested buyers. This matters big time because homes lose desirability the longer they’re on the market. OPTION 5: PAY THE CLOSING COSTS BUT RAISE THE PRICE It’s pretty common for buyers to ask for sellers to pay closing costs. This can be a significant amount of money, usually around 3% of the home’s price.
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