Nothing is more frustrating than not knowing why your property isn’t selling especially if it’s taking longer than you would expect. While many people believe that a property will sell itself, this isn’t always the case and there are many potential reasons this happens. If you keep asking yourself “why I cant sell my house” it is probably because your property has stayed in the market longer than you expected.
- Posting Unprofessional Photos
As everything moves digital, the internet becomes the best platform where potential buyers are found. By posting dark and blurry and unprofessional photos people are going to swipe past them.
Bad photos create a bad image ruining your impressions. Hiring a professional real estate photographer will produce what potential buyers want to see on the internet. They know which angles to use and how to balance the lighting to produce the best shots.
After taking a shot, a professional real estate photographer will edit the photos to make your house look amazing to your potential buyers.
- Incorrectly priced property
Price goes hand in hand with value of the property. Incorrect price is one of the reasons why a home may stay longer on the market. Setting too high a price will ultimately make your property sit on the market for too long.
You may be tempted to settle on a high price due to emotional. However, you need to remember that the buyer won’t share this sentiment. Instead, they are interested in the structure of the house and how the property can help them once they own it.
Most of the potential buyers leverage online valuation tools to determine the actual value of the house. You can also use these tools to have a better idea when deciding on a price for your house.
- Market Conditions
Certain market conditions such as rising interest rates, inflation, and stock market changes can make selling more complicated. You may need to adjust your expectations regarding the price and timescales when markets are more frustrating.
While you can set a competitive asking price, you should be ready to accept a lower offer. Consult your estate agent on the new strategy that can help you match the market climate. Selling a property is affected by many factors.
While you can’t control everything, you can figure out how to control the price of your property within the market.
Take a look at these other resources: Home Resale Value
- Inflexible Seller
Like in any other tough market setting, buyers expect negotiation and compromise when buying property. Acting too rigid can put buyers off. Show your customers that you’re willing to negotiate and make you stay open-minded to reasonable requests.
Although you must know your red lines for negotiation, don’t let pride lose you a good sale.
- Ineffective Estate Agent
Having few views may bring a question of how effectively your agent promotes your property. An ideal real estate agent advertises your property extensively to earn as many potential buyers as possible. Discuss new marketing strategies with your agent and possibly switch to a more proactive realtor.
A good estate agent should have good relationships with other estate agents with a large client base. To avoid estate agents who lack experience selling homes, you should look for evidence that the said agent has sold similar properties before.
Final Thoughts
It is normal for a house to fail to sell as soon as you would have expected. Buying and selling homes involves many factors and sometimes. But you don’t have to lose hope even if you are wondering “how do i sell my house”. If you review these few things, you’ll have a better chance of selling your house.