If your property has been listed for a long time and it’s still not sold, it can hurt your chances of attracting more buyers even to check it. It’s because they might think that it could have a lot of problems, which is why other buyers do not like it. According to experts, properties that have been on the list for over a month are sold around 4% under their asking price. If you are in this scenario, here are some of the reasons why your home may not be selling and what you can do about it.
List price is too high
It is the top reason why most homes do not sell. In this time, when the competition is fierce when it comes to selling your property, overpricing can cost you everything. Your property should be priced competitively. Search for similar properties around the area and see their average prices. Your real estate agent can also help you determine the best price to offer your property through thorough market research.
Your property is unique
Another reason why your home remains unsold is because of its uniqueness, which means that it may also need a particular type of buyer to sell it. You need to be patient if your place falls under this category because it may take time to find the perfect buyer. For instance, a home with a quirky design may not attract typical buyers, but it would attract those that match their quirky personality. Aside from the usual market listing, you may also consider advertising your home on other sites or channels. Furthermore, find a way to highlight the positive sides of the property, as well as its potentials.
Bad photos on the listing
As they say, a picture is worth a thousand words, and this is true when selling a home. Many buyers search online and rely on the photos they see when making their decision if it’s worth viewing or not. If you have bad pictures, you immediately lose the chance of having your property seen and ultimately getting sold. Hire a professional photographer to capture the best photos. Include different areas of the house so buyers will see more of what you have.
A home that looks appealing and welcoming will have a better chance of selling. If you do not take the time and effort to prepare your house for viewing, buyers may not see its true potential. Do simple makeovers both on the inside and outside of the home. Some examples are cutting the grasses, adding flowers or plants, painting the walls, and staging the house. It will be easier for buyers to envision themselves living there, thus also improving your chances of closing the deal.
You hired the wrong real estate agent
Not all real estate agents are the same. They have their strengths and specializations. If your real estate agent is not getting your home sold or not even attracting buyers to view it, it’s time to rethink your decision. It’s never too late to find the right one to help you with selling your property.
If you want to sell your home faster, consider going to wholesale buyers. It will also free you from the hassle of having to hire a real estate agent, listing your property and having to deal with all the things that come with it. Find out more about it by searching for sell my house fast Fort Lauderdale on the Internet.