So Your Property Won’t Sell: Next Steps

House for sale in Illinois

When you’re trying to sell a home that hasn’t had any offers or there hasn’t been any movement, it can be a stressful situation. The pressure can feel desperate, particularly if you have already purchased another house or are currently living out of state. If you have not yet found a buyer, it is important to take a step back and access exactly why your house isn’t selling. 
Consider the market. Does the current market favor buyers or sellers? Talk to your agent to about the median number of days on the market in your neighborhood for comparable homes. 

Adjust your expectations. You might think your house is a great deal but now is the time to look objectively at your house situation. How does your house stand up to the comparables in the area? It is crucial that, as a homeowner, you are honest in your assessment. Sometimes vanity or pride can end up costing you money. 

Rethink the price. Beyond the housing market temperature, the most likely reason for the lack of offers is the home price. According to Realtor.com “Properties sell when they are priced correctly,” says Tracey Martin, a Realtor with Realty World Premier Associates in Salinas, CA. “The value of your home is determined by what a buyer is willing to pay for it. If it is too high, you won't get any offers.”

Reconsider your marketing efforts. Beyond the price, it is also critical to be showcasing your house on a variety of websites. Are you utilizing all the platforms? Make sure your property listing has a significant impact on the marketability of your property. Your listing should include:
  • High-quality photographs. Take well-composed, high-quality pictures or hire a professional to capture the images. We live in a social media world, consumers have high expectations of photos, expecting them to be Instagram-worthy. 
  • Write a strong property description. You don’t have to be a professional writer, but understand and showcase the outstanding aspects of your property, elaborating on these features in great detail. 
  • Use a stand-out headline. When advertising on websites, the importance of a headline is critical. You will need to catch your buyer's attention so they are compelled to click on your ad. 
To learn more about Nancy or how she can help you buy or sell homes and property, you can visit her website Homes by Hibler or call today at (815) 263-5791.

Sources:
 https://retipster.com/help-when-property-wont-sell/

Location: Nancy Hibler

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