5 Factors That Hinder Your Home’s Sale

Selling | July 9, 2020 | written by Corbin Chivers

Several factors cause buyers not to be attracted to your home. When you perform necessary adjustments, only then will you attract a buyer to purchase your property. If you are struggling, you can also consult property experts on helping you deal with these factors.

If you find it difficult to sell your property, below are five factors that could be the cause:

  1. Pricing

Getting a market evaluation from real estate professionals will give you proper value for your home. However, be wary that some experts inflate their estimate to get the listing and earn bigger returns. Though they will add a significantly higher amount to buy the listing, they may not have your best interest in mind. Instead, look for valuation that is comparable to other estimates because setting the final price higher than the market value will put off potential buyers.

You cannot cheat the market because buyers will see your residence as “market worn.” If you settle the selling price at $200,000, potential customers will compare your home to other properties in the price range. Pricing houses correctly will increase your probability of selling the house, and agents can point out overpriced homes as reference. On the other hand, you must upgrade your property to meet its value if you don’t want to reduce the selling price. Here are 3 tips on what to look for in a real estate agent to help you out.

  1. Condition

Most buyers have a different point of view than sellers. Homeowners have an emotional attachment to the property, which can lead them to overlook its condition. Buyers look for a near-perfect home wherein they don’t have to conduct clean-ups and renovations. They also imagine themselves living in your home, and they may not push through with the sale if there’s another option in better condition.

Likewise, they may ask for a lower selling price to compensate for the construction costs they will shoulder. Because of this, it helps to keep your residence in excellent condition. You can start by repainting your exterior before working on the interior. Check if every spot in your house is in perfect condition because buyers will meticulously examine your home.

  1. Location

Aside from high prices and sub-par conditions, your house is not selling because of its location. Buyers are turned off from untidy neighborhoods and unsafe areas. Significantly reducing the price may be the only way to have the property sold unless your agent can come up with ways to overcome a bad location.

Here are some top home features to consider.

  1. Advertising

It’s not enough to post a “For Sale” sign in your lawn. Instead, you must post an advertisement wherever you can. Use free online classifieds to post pictures of your home and accompany it with appropriate details. Likewise, the agent must also have a marketing plan in place to attract potential buyers. They can also use their contacts to have the home listed for maximum promotion. Nothing will happen if you will wait for buyers to come. Instead, you must promote your house to make it more visible in the market.

  1. Listing agent 

Even if your property is within market value, you will have a hard time selling it if you do not have a reliable listing agent. Check the agent’s reputation before hiring them to guarantee that they don’t have a condescending attitude towards potential buyers. People love to deal with professionals who are respectful and cooperative because that persuades them to finalize the sale. You can ask your area’s real estate board for reliable agents and interview them before getting their services.

If you are unable to look for a real estate company, you can partner with Corbin and Company instead. They can give honest assessments about your property and suggest ways on how to maximize profit. 

If you’re looking for a top-rated real estate agent in Langley, get in touch with us today! We’re happy to help.

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