Is There A Reason My House Isn't Selling?

If you have listed your property on the property market and no buyer is forthcoming, you must be frustrated and wondering how to turn the tide around.

Well, there are a number of reasons why your property may not be selling just yet. They include the following:

  • An exaggerated asking price – If the asking price or your property is exaggerated, prospective buyers will be turned off hence the property will be on the market for a longer period than expected.
  • Underpricing – Prospective property buyers tend to shy away from underpriced homes fearing that there could be something you are hiding. Therefore, ensure that your property is properly priced
  • A downgraded Ofsted rating – Research shows that if your property is close to a school whose Ofsted rating is downgraded by a single point, then the value of your house could depreciate by at least 0.5 percent. Thus, you need to find out how the schools around your neighbourhood rank, as this could be the reason you are not selling just yet.
  • Untidy home – A lot of emphasis has been put on the need to clean and declutter your home before selling it. The truth is that a messy home will have close to 2.8 percent of its value knocked off the asking price. Besides when buyers come for viewings of your property, they are likely to be impressed or turned down by what they will see.
  • Evidence of animals – It is always advisable to get rid of pets and pet dander when putting your property on the market. Consequently, evidence of animals in the home could be the reason why you are not selling despite having numerous viewings.
  • Kerb appeal – An impressive kerb appeal of your home is likely to cost you significantly. This is because a good first impression goes a long way in determining a purchase decision. Thus, you will do well to create a lasting kerb appeal such as cleaning your windows, introducing a fresh lick of paint and a well-kept garden as they pay dividends.
  • Poorly maintained property in the neighbourhood – Well, when it comes to selling your property you need to keep up with the Jonesses. When your neighbours fail to adhere to immaculate standards, it could have a serious impact on not only the value of your property but also affect the ability to sell.
  • Bad neighbours – If your property is located in an area where there are formal complaints made against your neighbours could hurt your intention to sell your property because your are required to inform your prospective buyers.
  • Sinister property history – Property experts have found that home that have a sinister history are likely to be devalued by up to 25 percent and take as much as double the time to sell. Even then, the impact of sinister events usually reduces gradually as time goes by.
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Apart from the factors discussed above, there are numerous other factors that may affect the sale of your house. Thus, you will do well to be conscious of the events that are happening within your locality including the general economic outlook to determine what may be hindering the sale of your property and what you can do to change the situation.

Should I Consider Selling To A Cash House Buyer?

If you are still undecided on whether you should go for a quick house sale or sell your house on the local property market, you need to seriously examine some of the advantages of the former. A quick house sale presents numerous advantages over selling through other channels. Here are some top benefits of a quick house sale
  • Transactions are completed fast

For instance, selling through an estate agent can sometimes mess your plans up as a buyer could easily change their mind and pull out of the process just when you thought the deal is sealed.

In some cases, the buyer could be relying on a mortgage to complete the sale only for the underwriter to decline their request after taking too long to assess the case fully. The good this is that a quick house sale usually eliminated these elements of uncertainty and delays.

  • The process is simple

In fact, in an ideal situation a quick house sale will only involve the property buyer and a conveyancer. This makes the process less complicated. You will not have to wait for several days before the cheque clears or for the estate agent fees to be deducted and in extreme cases for mortgage financing to be granted. There is also no haggling.

Since the process of selling your house fast to a cash buyer if smoother and presents less potential obstacles, a timely completion date may be agreed upon allowing you to plan for the next steps in a concise manner. Thus, whether you are selling your house because you have fallen into financial difficulty and are facing the risk of repossession or you recently inherited a house that do not want to keep, a quick house sale offers a perfect solution.

There are many reasons for opting for a quick house sale as long as the equity is available in the property, it will provide you the much-needed cash quickly and efficiently allowing you to continue with your life without any worries or stresses.

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To break it down, quick house sale companies are house buying companies that buy your house for cash on behalf of wealthy investors. Thus, they buy the houses directly from owners. They may also identify a third party to whom you will sell the house.

Apart from the short span for the transactions, quick house sale companies present the advantage of flexibility where they are able to purchase property in its current state. Therefore, you do not have to worry about carrying out repairs or other issues such as a flood prone location among other things.

As you would expect, selling your home under stressful circumstances can be incredibly difficult. This can be worse where the housing market is not only slow but stagnant. This is where a quick house sale is an immediate solution as opposed to selling your house through the traditional estate agent.

Whether you are going through a divorce and need to split your assets, you are relocating or you are relocating, there are many reasons you may opt for a quick house sale. Here are some of the reasons why you should sell your house through a quick house sale:

•    To avoid repossession – If you are facing an imminent repossession, you do not have the luxury of selling your property through an estate agent as this may take a long time. Thus, a quick house sale is an ideal solution.

•    Sell of inherited property – You may have inherited property but you are not willing to foot the bill for repairs or even keep it because of the memories it habours. In this case, you will do well to sell your house through a quick house sale.

•    You are relocating – In cases where you are relocating for work or you just want to start a new life in a different city, selling through a quick house sale will ensure that you sell your property fast so that you move on with your career.

•    Relationship breakdown – When you are going through a divorce or relationship breakdown and need to split your assets, a quick house sale is a quick way to get over stress.

•    Your current property chain has broken down – You may have opted to sell your property on the open property market but then encountered a breakdown in the chain. In such a case, a quick house sale is recommended.

•    You found your dream home – If you have found your dream home and need to sell your current home fast, there is no better way to sell than through a quick house sale. This way, you will get money fast and be able to secure your dream home.

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•    Problems with your property or neighbour – It is possible that you are having problems with your property such as being in a flood prone area or you have problems with your neighbours and it is affecting the sale of your property.

Regardless of the issues that you are faced with selling, a quick house sale may be an ideal channel of selling your property fast as you can achieve a sale in a matter of days. Even then, you need to vet the quick house sale companies before settling on a reputable company.

How Do Ready Steady Sell Differ From Other Quick Sale Companies?

  • No last minute price drops
  • Best industry price match guarantee
  • A quick sale in a time that suits you

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Disclaimer: We do not provide any financial advice. Ready Steady Sell works with regulated property brokers whom have the ability to purchase your property for cash. Our service is free and you are under no obligation to accept the quotes you receive from our partner companies. You may be contacted by regulated firms that can help you sell your house quickly.