Is it really possible to sell your home in just 7 days, and get a price that is 20% higher than market price?
It is when you sell on terms, and when you use the "Auction" strategyto sell your home.
When you sell your home, on a Lease-Option ("Rent-to-Own") and you use the same "Auction" strategy I've used for the last 7 years to move our properties in a week or less, you place yourself in a unique position of control that others home sellers won't experience.
It is when you sell on terms, and when you use the "Auction" strategyto sell your home.
When you sell your home, on a Lease-Option ("Rent-to-Own") and you use the same "Auction" strategy I've used for the last 7 years to move our properties in a week or less, you place yourself in a unique position of control that others home sellers won't experience.
The "Auction" Strategy That
Sells Your Home In Just 7 Days
Sells Your Home In Just 7 Days
Here's how it works:
- You first market your property to tenant-buyers in a way that appeals to them, and in a way that gives you the competitive edge over your competitors
- In exchange for a sizable down payment (the Option fee), you allow them to qualify for your home without having perfect credit, or other attractive terms such as having less than the bank required time-on-the-job or down payment, etc.
- You ensure that your rental price (arguably the most important of your pricing) be at market rent - not above it
- You then invite all potential tenant-buyers to a one-hour showing on one day (preferably on a Saturday or Sunday)
- You ensure that all tenant-buyers will commit to coming during the same hour so they see each other, and quickly get the feel that they are in a "auction" type situation, and they had better decide real quick whether or not they're going to make an offer on the home
Discover How to Sell, "Rent-to-Own" and...
Get Your Full Asking Price. Pay No Commissions. Enter Your Best Email Address. |
|
Getting Higher-Than-Market
...for Your Home
...for Your Home
If you've correctly applied the above strategy correctly, and your property is price correctly in proportion to it's condition and location, you ought to have a great turnout on the day of your showing ("auction").
And instead of having everyone try to low-ball you (a.k.a. insult you with low offers for your home), you'll have folks bidding upward of your initial asking price.
Not to mention the fact that, from the start, you can ask 10-20% above market, since, in exchange, you are providing forgiveness for poor credit (assuming their in a strong, financial position today and the poor credit is a thing of the past, of course), and you're also allowing them 1-3 years to fix their credit scores, save up for the bank-required down payment, and/ or complete a little more time on their job, so they can now qualify without a problem.
I usually recommend a longer lease-term period (3 years) the higher in price you go, so as to justify that higher price, since the current market pricing may say you're too high.
And instead of having everyone try to low-ball you (a.k.a. insult you with low offers for your home), you'll have folks bidding upward of your initial asking price.
Not to mention the fact that, from the start, you can ask 10-20% above market, since, in exchange, you are providing forgiveness for poor credit (assuming their in a strong, financial position today and the poor credit is a thing of the past, of course), and you're also allowing them 1-3 years to fix their credit scores, save up for the bank-required down payment, and/ or complete a little more time on their job, so they can now qualify without a problem.
I usually recommend a longer lease-term period (3 years) the higher in price you go, so as to justify that higher price, since the current market pricing may say you're too high.
The Takeaways to Consider
Before Using the "Auction" Strategy
Before Using the "Auction" Strategy
- Price your rental amount at market or slightly below to get the biggest amount of tenant-buyers to attend your showing (a.k.a "auction"). Use RentOMeter.com, Zilpy.com, or Zillow.com to get a gauge (not an exact price) on what your correct rental price should be.
- Set the showing for just one hour only and on one day only.
- Extend out your lease term in proportion to the amount your asking for the home over what the current market price says it should be
- Do not ask more than 10-20% over what the current market price is.
Discover How to Sell, "Rent-to-Own" and...
Get Your Full Asking Price. Pay No Commissions. Enter Your Best Email Address. |
|