real estate

How to start a home bidding war

Bankrate Audio » Start A Home Bidding War

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Home sellers, know this: The bidding war for a home is not extinct. You now have more control over your home price -- if you're in the right location. I'm Kim Fulscher with your Bankrate Personal Finance Minute.

Here are five tips to start a feeding frenzy among buyers.

Price to sell: Look at prices for non-distressed houses in your area that recently sold and are comparable to your home. How much did they sell for?

Host a broker open house: Get those real estate agents over to your house. When they have a buyer in mind, they'll bring that buyer to you.

Create a website for your home: Post pictures and a floor plan of your house, and share the link on Facebook, Twitter and anywhere else potential buyers hang out.

Stack the open house: Maximize exposure by asking your real estate agent to schedule showings back to back. Potential buyers will see each other on the way in and out.

Stage the home: Remove the clutter, take down most of your personal photos, and make sure the decorations, paint and furniture are neutral.

For more on this and other personal finance topics, visit I'm Kim Fulscher.


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