What Makes A House Harder to Sell?
Selling a house is not a walk in the park. It involves a lot of things. Sometimes, it may even take longer to sell than the average due to factors beyond your control. Some are particularly hard for house buyers to get past.
On average, it takes around 2 months to sell a house in the U.S. market. If you are wondering, ‘how come it’s taking too long to buy my house,’ you would need to reevaluate your approach in selling your house or there might be something wrong with the property conveyancer Sydney itself.
Here are the most common reasons why some houses takes time to find interested house buyers:
A house built in an undesirable or dangerous area can make it harder to sell. For example, your house being near an airport and a cemetery would turn off most house buyers. You might also have a harder time to sell a home when you live in an area known for criminal activities. You might need to lower your listing price but even then you might need to wait longer than other sellers.
Another possible reason your house isn’t selling is the way it is designed. You might not be bothered by the poor architecture, or have gotten used to it, but potential buyers will not see it the same way.
Before putting your house on the market, consider getting a second opinion on the architecture of your house from someone who has the right background and will give you an honest opinion. It would be great if you know an architect but if not anyone who has any sort of expertise related to visual arts would do. Do not depend on your real estate agent alone for they’re not likely to say so much on the down sides of the house they’re selling.
If you’re selling a house that has too many issues, you might want to consider selling it to cash house buyers who buy houses as-is. They can offer a fair price for your house, and you can sell it faster than selling it the traditional way.
Past events can hurt your chances in selling your house. For example, no one would want to buy a house where someone had recently died, especially if there had been multiple deaths. Aside from deaths, negative past events like your house being in a block where something bad happened can also deter prospective house buyers.
If your house has this spooky past that cannot be dismissed, you might want to embrace the fact and market it as such. This strategy might pay off in the end. You may have to narrow down your audience but it might just appeal to the right buyer who is willing to pay above the asking price.
Too High/Unrealistic Listing Price
Another common reason a house might be sitting too long in the market is a high listing price. When your property isn’t priced right, even if it has good architecture, in a good location, and without a spooky history, you will still have a hard time selling it. This is why setting a realistic price range is a must.
Selling a house can be stressful and may take time but when you know the problem areas and find a way to work around them, you will eventually get it off the market. You just have to be realistic with your expectations.