Navigating Through Bidding Wars
The current real estate prices in Kelowna are soaring to record highs. With low inventory and high demand bidding wars and above-list-sale prices is a common norm. QVA is here to help you navigate this hot seller’s market to get your home’s worth. Here’s how:
Exposure
When the listing hits the market, typically a seller will want to pick a date to review any offers. With so many buyers from out of our market area, you want to give enough time from when the property is listed to when you are looking at potential offers.
Presentation
When presenting a home for sale in today’s market, marketing is essential to attract buyers and highlight features that show value. Our team offers several ideas to prepare the home for sale and offers full marketing packages that include:
- Clear photos of each room and outdoor area
- Floor plans with room measurements
- VR tours with hotspots detailing features
- Digital feature sheet
Understanding the logistics of a deal can help ease any stress that comes with the process. Real estate transactions are very stressful and it’s important to allow ample time for the documentation to take place smoothly. QVA is one of the best in Kelowna in providing you with a stress-free documentation and transaction process.
There are other smart strategies concerning deposit and price that can help you choose the winning bid from a pool of multiple offers. Each scenario is different, therefore, having a professional realtor with experience in working with multiple offers representing you is paramount to get your home’s worth.
Multiple offers can be overwhelming for both buyers and sellers and there can only be one winning bid. The team at Vrecko Real Estate Group has helped sellers navigate through this very active market. Using a professional realtor is more important than ever to advise on your largest and most important investment.
