You chose to put your house up for sale. You set a reasonable price for it. Now you are ready to close the sale but it is just not happening. The wait can be understandably frustrating, especially if you urgently need the money. Certain factors can get in the way of a successful sale even if you set a reasonable price. Let us see some reasons why your house is not selling.
Insufficient amount of advertising
Nothing increases the chances of a sale than getting the word out as far as possible. Consider what measures you have taken so far to market your house. You could choose to advertise the property using social media, blog posts or simply by telling friends and family to spread the news. If you feel that your advertising efforts are still not enough, consider hiring a property manager to do this for you.
Located in a problematic neighborhood
When you choose to sell a house, you are essentially selling a location that buyers would potentially spend a considerable amount of time in. The house you are selling may be in excellent condition, but a terrible neighborhood could affect its marketability. Setting a reasonable price for such a property may not be enough to attract buyers. You may have to choose between waiting until the quality of the neighborhood improves or drop the price below what is considered reasonable.
Property plagued with a lot of repair problems
As a bad neighborhood drags down the marketability of your house, too many repair issues can equally affect the chances of a sale. You could choose to make the necessary repairs before selling the house, add certain amenities or drop the price to a level that buyers can consider making compromises.
Setting a reasonable price for your house is no guarantee for sale. There could be a number factors why your house is not selling. Consider these reasons and try addressing them to finally close that sale.
You can get in touch with me for any assistance or advice about buying or selling a home in Greater Boston. Feel free to call me or send me an email or get in touch on Facebook.
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