ottawa real estate

4 Tips to Avoid Lowball Offers as a Seller

1) Staging & Presentation: In today’s world, consumers spend their days scrolling through beautiful homes and spaces on Pinterest and Instagram. Staging your home, especially in a market where Buyers have options, can help you stand out from the competition and help you reach your highest possible sale price. 

2)   Do a pre-inspection: Have a home inspector come through your property prior to listing your home for sale. This will help uncover existing issues with the home, allowing you to either price accordingly or repair some of the items prior to listing. Being able to provide prospective buyers with an inspection report can also mean getting offers with fewer conditions in them. You may also avoid the frustrating scenario where buyers try to re-negotiate the price down following an inspection. 

3) Don’t overprice the home: Be wary of agents selling you on a dream. It’s very important for your realtor to shoot you straight and manage your expectations based on market trends, recent sales and how your specific neighbourhood is performing. Overpricing the home or “testing the market” can mean crippling your sale. If your home sits for 90+ days, expect lowball offers.

4) Have your property on Go and Show: make your home available for viewings as much as possible, even last minute appointments. With more competing inventory, it isn’t wise to ever turn down a showing request!