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Top Reasons Why Your House Isn't Selling Quickly

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It’s perfectly normal that you would feel discouraged if your home has been on the market for quite some time. It can be even more stressful if you need the money fast in order to buy a new home or release equity. The most probable explanation is that you may be doing something wrong without even realising it. Listed down below are some reasons why your home still won’t sell.

1. It’s overpriced

Setting the right price for your property is crucial to getting it sold fast. If your home is overvalued, it can throw some potential buyers off. They will go look for better prices elsewhere while your home is stuck on the listing.

2. You have an incompetent real estate agent

Not all real estate agents are competent. Decent agents are supposed to be proactive in helping you to sell your home quickly. Even when your home is having a hard time getting sold, they should come up with a strategy to get it to sell. If your agent does not try to offer to help when you clearly need it, then you might want to find a new agent.

3. Your online listing photos are poor

When it comes to online listings, your photos can be the deciding factor. If the quality of your photographs is poor, it’s likely that your buyers wouldn’t even bother to read through the details of the property.

4. It’s in poor condition

This one may seem pretty obvious, but if your home is not in the best condition, it can put a lot of buyers off. Most people who are looking for a new home want to be able to move in without having to worry about cleaning or upgrading the whole place. The bottom line is to make sure that your home is in a decent condition enough that people would actually want to live in it.

5. It’s just bad timing

It could be that it’s simply not the right timing for your home to sell. Perhaps you’re selling your home during the winter when not a lot of people are looking to buy a new home. You should sell your home when there are a lot of eager buyers looking for a new home, such as in the spring.

What If Your Home Still Isn’t Selling?

If your home still won’t sell even after you’ve tried everything, then you might want to consider a few options, including:

1. Rescheduling Your Sale

You can postpone the sale if you’re not in a hurry to sell the home. Maybe there are some circumstances that just don’t allow your home to sell, such as the timing. If so, then you should consider trying to again in the spring, which is considered as the best time for home selling.

2. Setting the Price Lower

If you’re desperate to make a sale, then you should consider reducing the price of your property. This will attract buyers who are looking for a good deal.

3. Trading In Your Property

You can also consider a part-exchange scheme, in which you will have to trade in your home as part payment for a new home under your property developer. This means that your developer will buy your home and deduct the amount from the cost of your new home. This may seem like a good deal, but you should also know that new property is usually very pricey, so you need to really weigh your options before agreeing to anything.

4. Renting Out Your Home

By renting out your home, you will make some extra cash while your home is up for sale. This is especially helpful if you’re selling the home because you need to relocate. Although the amount of money you make may still not be enough to cover your mortgage repayments, it’s still better than nothing.

5. Trying a Quick Home Sale

If you want to rid yourself of your home as soon as possible, then you may consider selling to a quick home sale company. However, more research is needed to ensure that you’re making the right decision.

If you need help selling your home, get in touch with Ready Steady Sell today! We specialise in selling houses quickly at a great rate. Contact us today for a free quote.

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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.