One way to find home buyers is to look on Qazzoo and bypass all of the advertising and get right to what you want which is people that want to buy homes in your area. Add your Zip code to the search bar and hit go. You don’t have to be a Real Estate professional to use Qazzoo even though most of our members are professionals. If you have a house to sell and want to find buyers, do a quick search on Qazzoo and see all the home buyers that are online today and receive emails from buyers as they are added every day.
If you are thinking of buying or selling a home in 2013 there are some stats that you can depend on and that will work to your advantage. Qazzoo surveys thousands of homebuyers and sellers every month and report the results so that the real estate community can benefit from knowing what others are doing and feeling about the market.
First things first….2013 is going to be a stellar year for buyers in almost every market and sellers are starting to see their Real Estate investments pay off more with each passing month. Recently in Washington DC a home that was put on the market under 500k was sold for north of 700k and had as many as 100 offers on it.
Why does this mean anything to you if you are not in DC?
The strategy was simple, the owners put the home on the market under the appraised value and marketed the heck out of it. This is how to generate interest from a number of different potential home buyers. You need at least two Real Estate leads to create a sellers market and find at least two potential buyers that want to buy your home. A market of one is never a positive.Because the strategy used was very effective and is worth consideration by anyone thinking of home selling their home.
After all, your home is only worth what someone else is willing to pay. It doesn’t matter what price the home across the street is on the market for. It doesn’t matter how much you paid for the home. It only matters what someone else is willing to pay and the best way to find that out is to find two or more buyers and have them bid against each other.
The DC property reviewed above received over 100 bids but the agent involved with the sale never says how many buyers those 100+ bids represented. It is nearly a guarantee that there were not 100 buyers. It is far more likely that 3 or 4 buyers were bidding against each other and that the Real Estate agent was a master orchestrator of the sales process.
There are auction companies that specialize in this sort of sale but your local realtor can also exercise this tactic. This strategy has its down side which we will cover in a follow up post as well as some safety measures that you can put into place to ensure that you are not left with a transaction that doesn’t meet your expectations.