Property Not Selling? Here’s Why!

houseWhether you’re a private owner or an investor, the quicker a property sells, the better. If you’ve got a property you want to sell but you just can’t seem to get rid of it, there’s obviously a problem. As the seller, you need to do whatever you can to make the property an attractive prospect for buyers. Check these five things when you want to sell quickly.

Online Pictures

It’s the first place potential buyers are going to look, so the pictures your realtor chooses to use are important. They are what will give buyers their first impression, and we all know how important first impressions are when it comes to selling homes. So, the first thing you need to do is take pictures that show the advantages of the property. You can even hire a professional photographer if you want to be sure you have high-quality images to use. Ask your realtor to use only the images you provide.

Unrealistic Pricing

As a seller, you’ll want to get as much money for your property as you can, but it’s important to get several different opinions from different realtors before setting a price. If you want to sell fast, don’t automatically set your price at the highest recommendation; it’s wise to meet somewhere in the middle and set it at an average price. You must remember that there will be similar properties on the market, and if you set your price higher than them, they’ll always sell first.

Property Maintenance

It’s common sense to fix any problems before putting a house on the market, but many owners will invest time and money into perfecting the interior and completely forget about the exterior. If your property is having a lot of viewings but no bids, it may be because the exterior of the house is putting people off. Make sure the paint work is fresh and clean. Keep backyards trim and tidy and clean out gutters regularly. The less work a new owner has to do, the more attractive a property becomes.

Are You with the Right Realtor?

Your realtor is being paid to sell your property, but what if they aren’t doing as much as they should be? You can find out by asking a friend to enquire about houses similar to yours and see whether the realtor mentions your property. If no effort is made to show your property, you may be with the wrong realtor. Try asking your realtor to make more of an effort and if things don’t improve, check your contract to see if you can list your property with another realtor.

Slow Market

You may be doing everything right, but you’ve listed your property at a time where people just aren’t buying. In this case, it may be a good idea to take your property off the market and wait until things speed up again. A property that’s been on the market for months without any bids can look suspicious to buyers.

Properties rarely have bids overnight, but if it’s taking longer than you thought it would to sell, look at all your options.

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