Why Selling Your Property Takes So Long
November 22, 2019
November 22, 2019
Wondering why your property is taking so long to sell? There are a lot of factors that go into how long a property stays on the market. Understanding these different factors will help you to make your home more attractive to prospective buyers. The truth is that when your home stays on the market for an extended period of time, buyers start to think there must be something wrong with it. So it becomes a sort of a self-fulfilling prophecy. You want to avoid this by understanding how to sell your home faster. Let’s go over some tips.
According To Zillow, The Average Property Was On The Market For Two Months
That’s right. Most properties are on the market for a little over 60 days. If your property has sold in under two months, congratulations! You’ve beaten out the average seller. But if your property has been on the market for longer than 60 days, it may be time to start thinking about what you can do better. You may be asking too high a price, making marketing mistakes, or perhaps you need a new renovation.
If Your Property Isn’t Selling, You May Be Asking Too Much
One of the easiest ways to turn away prospective buyers is to ask too much price-wise. You don’t want to give the home away for free, but asking for too much can spook away the very buyers you want to showcase your home to. Take a look at other properties in the neighborhood and see how your home’s price matches up. You may need to take it down a bit.
You May Not Be Marketing Your Home Properly
Are you online? Are you on all of the major home buying services? How is your real estate agent advertising your property? You need to make sure that your real estate agent isn’t just using old mediums, like direct mail. These days, a sizable portion of prospective homebuyers are only looking online. If you aren’t there, they don’t see you.
Your Home May Not Be In The Best Shape
Your home may be on the market longer because other comparable properties have renovations that your property doesn’t. You may need to look at renovating your kitchen or bathroom. Of course, major repairs also fall into this category. Nobody wants to buy a home that needs a new roof or that has plumbing issues. Talk to your real estate agent about what you may need to fix.
Most sellers want to sell their property as quickly as possible. And you can’t blame them! The longer a home stays on the market, the more prospective buyers think that something could be wrong. If you want to sell your property without worrying about how long it is going to stay on the market, then you need to call 4 Brothers Buy Houses. We can purchase your home for cash, immediately. We’ll provide you with a free, no obligation quote at your convenience. That way, you can start the process at the best time for you. Contact us today to learn more.