Hello World! Welcome Friends! Selling your home may be a very stressful experience. There are so many things to take care of, such as finding the right real estate agent, setting a listing price, and finally, settling on who you think the right buyer might be. It should come as no surprise, then, that limiting all of the possible obstacles to selling a home is of utmost priority to sellers and real estate agents alike.
Sometimes, however, there are things that influence how long a home can sit on the market, that are completely out of your control. Some are particularly difficult for buyers to get past, others, however, are not as uncontrollable as they may seem at first.
On average, it takes around 50-60 days to sell a house in the United States in 2020. If your home stays up on the market for much longer than that, you would be right to start suspecting that there is something wrong, either with the property itself or with your approach towards the sale.
When struggling to sell your home, you want to make sure that you’ve done everything in your power to attract as many potential buyers as possible. Real estate insiders from https://highestcashoffer.com/ claim that sentimental factors, such as happy memories, often cloud the seller’s judgment of how much their house is actually worth. This is why enlisting the help of a real estate professional is invaluable when it comes to determining the value of your home.
If you’re willing to take a cold, objective look at your property in order to try and figure out what it is that makes it so difficult to sell, we’ve prepared a list of the most common reasons why some homes stay on the market for much longer than others.
Bad Location
Trying to sell your house is difficult enough. According to this article home selling in an unattractive or downright dangerous location can make it nearly impossible.
Let’s take New York City as an example. Selling an apartment or a house in Manhattan could be an easy or even pleasant experience. Even if you can’t find an individual or a family willing to buy it, sooner or later, an investor or an entrepreneur will show interest. After all, it’s the most prestigious borough in the most famous city in the world! They’re bound to profit off of such property in one way or another.
If you’re a homeowner in Queens, on the other hand, and you’re trying to sell your family home in Springfield Gardens (right next to the JFK airport), you’re going to have a much tougher time with the sale.
Close proximity to an airport isn’t the only location issue that could turn selling a home into living hell. Another thing that could potentially scare away a buyer is a cemetery. Also, if the schools in your district have a poor reputation or the area you live in is known to be ripe with criminal activity, you might need to adjust your listing price to account for those inconveniences. Even then, you could still be in for a long wait.
Poor Architecture
Another one of the reasons why your home isn’t selling might be the fact that the architect in charge of designing it didn’t do such a great job. You might not have had a problem with the clunky architecture, or had gotten used to it to a point where you don’t even notice it anymore, but it doesn’t mean that your prospective buyers will share the same view.
Before you put your home on the market, you might want to get a second opinion on the architecture of your house, preferably from someone who knows what they’re talking about and can give you their honest opinion. An architect would be preferable, but anyone who has any sort of expertise in the visual arts would be helpful as well. Just make sure not to rely on your real estate agent for honesty — they’re not likely to speak too much about the negative aspects of the homes they’re selling. After all, if you don’t deem them able to make the sale, they won’t be able to lock down that hefty commission fee!
Past Events
All homes that are currently on the market have a certain history. Unlike movies or other forms of entertainment, in real estate, the more boring a house’s history is, the better for the sale. Nobody would want to buy a home where someone had recently died, or, worse yet, a house that has seen multiple deaths. Although it’s the 21st century and people aren’t as superstitious as they used to be back in the day, the thought of sleeping in the same bedroom that someone’s died in doesn’t necessarily make people eager to buy.
Negative past events are not only limited to deaths. Anything that has happened on your block and made the local (or national) news may be viewed as negative by certain prospective buyers. Many real estate agents point towards the importance of selling the history of a home and its surrounding area as being equally important as selling the property itself.
If you want to save yourself the trouble of having to jump through hoops just to convince buyers that your home is not haunted, you can always embrace it and market it as such. You might not reach too wide of an audience with this strategy, but you can be sure that people who respond to your listing are definitely in the market for a spooky home. Some may even pay above the asking price just to land it!
High Listing Price
Problems such as a bad location or a recent death can be overcome by lowering the price a little bit. Many people will jump at the opportunity to buy a perfectly good house at a lower price just because of silly superstitions. If your home turns out to be exceptionally hard to sell and there aren’t any defects you could point towards, it might be that the price is too high.
If a property isn’t priced right, even the best real estate agent in the world might be helpless. Most of the time, buyers can recognize an overpriced home from its photos on the Internet. Remember — just like you’re trying to get the highest possible price for your property, they are also looking to find the best deal for their new home.
Setting a realistic price range should be your priority once you make peace with the fact that you won’t be able to sell the house at your current asking price. Most sellers find it difficult to look past the sentimental value of their house when setting its price, but if you want to sell, you’re going to need to learn to do exactly that.
Clutter and Bad Decor
This final point is actually something you have a lot of power over. If you hired an agent and they haven’t said anything about the ugly decor and cluttered living room before throwing an open house, fire them immediately. It is part of their job to provide you with advice that is going to make the house attractive to a potential buyer. If they’re incapable of doing so, they’re not going to help you finalize your home sale.
Just like in the case of architecture, you might want to reach out for a second opinion from someone who’s knowledgeable in the field of aesthetics and interior design. Not knowing what kind of decor is in style right now is not your fault, but if you start seeing that your home selling process isn’t moving quite as fast as you’d like it to, you need to take some responsibility for it and search for a way to fix it up. It could mean additional expenses, but you can add these to your asking price. Buyers will be willing to pay more for a home they won’t have to redecorate and reorganize once they move in, so that particular investment will be more than worth it in the long run.
The Bottom Line
Selling a house in Florida is one of the most intense and stressful things you’ll have to do in your life. As a seller, there are countless things for you to take care of, and if they start going awry, it can extend the process by many days or even weeks. This is why it’s incredibly important to get most of the negative aspects of your home out of the way before you even put it on the market.
Of course, there isn’t much you can do about its surrounding area or the architecture, but you can adjust the price accordingly and turn it into an offer that the buyer simply can’t refuse. Another thing to keep in mind is the fact that if your agent is underperforming, you don’t need to find another one to get the best possible deal on your home. In the direst cases, selling homes for a direct cash offer from an iBuyer might turn out to be not only the best but also the sole option left — don’t hesitate to go for it once everything else fails. At the end of the day, it’s better to get slightly less than what you asked for than to get nothing at all.
Click the links below for any posts you have missed:
Going Modern: Updating 1960s House Exterior
Utilize Outdoor Artificial Plants
6 Tips for Traveling With Your Dog
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