13 Sep What is the advantage of a “bidding from” price?
There are countless methods and strategies you can apply when selling a property. Many people stick to setting a fixed asking price, but there’s a better alternative—choosing a “bidding from” price. This approach can bring significant benefits to the sale of your home. What are those advantages? Let’s take a look.
Less risk
One major advantage of a “bidding from” price is that as the seller, you don’t run the risk of selling your property for too little. There’s always a provisional acceptance, meaning you can choose the offer that suits you best. It’s reassuring to know you can secure the price you want. Plus, a little extra money from the sale is always a good thing, right?
Shorter sales process
Homes listed with a “bidding from” price often sell faster. The shorter sales process means you can finalize the sale much sooner than with a standard listing. This allows you to quickly move into your new home without the lingering stress of selling your old property.
More interest in your property
Because a “bidding from” price typically starts lower than the other homes in the area, it attracts a broader range of buyers. This wider appeal results in more attention and viewings for your home. The more people who see your property, the higher the chances of receiving multiple offers.
You get more for your home
A “bidding from” price also creates a psychological effect. Buyers often feel like they’re getting a great deal, which can lead them to believe the home is worth more than its actual value. As a result, you’re likely to receive higher offers, meaning you’ll sell your home for more than you initially expected.
If you’re still looking for more tips on buying or selling a home, explore our website. We provide everything you need to know to successfully navigate the housing market. Curious about our wide range of properties? You can also contact us for professional property photography services.
