Selling a house is not easy at all. First of all, you must put in a great deal of energy, spend some time, and hire a seller’s agent. Then, you have to prepare your house to put it in the open market. However, when your house is just ready for a sale, no response comes! This is a very common situation and there are a number of ways in which you can target this.
Why does a house fail to sell?
There are many different reasons why houses fail to sell. In case you have put a property up on the open market, you may be desperate enough to sell it quickly. Typically though, a house fails to sell due to a few common reasons. Once you know them all, you shall work on them to increase the chances of a sale. In this regard, we have compiled a list of all the common reasons in this article. These include:
A high price
Price is perhaps the biggest factor when you are selling a house. While it is possible for sellers to put an under priced quote and make a property sale quickly, that can result in a loss. At the same time, sellers automatically have the tendency to overprice a property. Though, in case you have a wonderful patio, you can quote higher!
When a house is overpriced, it stays on the market for a longer period of time. At the same time, it also gathers a fewer number of showings. As more time passes by, many prospective buyers start wondering if there is something bad about the property? This creates a downward spiral, which is something that you want to avoid.
Poor photography
Good photography is all about the presentation. One of the easiest ways to ruin a house sale is to do unprofessional photography of the house. In this regard, ask yourself what the experience of a person looking for a home is like. Everyone would want to see high quality images of the property.
A bad staging
One of the most critical aspects of a successful sale is the staging. Homeowners tend to decorate and arrange their furniture in the rooms all day long for personal usage. However, staging is rather different.
In staging, one does not have to incorporate their personal taste. Rather, the house must be set up in a neutral lighting, minimal furniture, and should be painted to a neutral colour. These changes may sound small. But they can make a very big impact on a sale. In fact, according to a number of surveys, proper staging increases the chances of a sale by as much as 50% or more.
Incompetent agents
Your house is a big investment. Hence, you would want to increase the sale returns as much as possible. It is just natural.So when it is the time to make a sale, it is very important to hire the right agent. Otherwise, your house will stay up on the open market for many days without making a sale.
Due to saturation in this field, the market is full of incompetent and unlicensed agents. So make sure that you are avoiding this lot, when you are looking for an agent.
Ending note
Literally the first step to sell a house is to have a professional seller’s agent on your side. Once you have someone reliable on your side, you can work on the other factors that will ensure a successful sale. This is something that your agent will also be able to help you with. He/she shall tell you about all the good practices that you need to do, in order to make a successful sale.
