Whether you already have a new home lined up, you need to move for work, or you’re looking to downsize to help your financial situation, there’s nothing more frustrating than a home that just won’t budge.
What do you do when you have a home that isn’t selling? Let’s take a look at a few of your options.
Fix it up
Perhaps your home simply isn’t easy to sell in its current form. You have to remember that not everyone is thinking about the potential of the property, they want it to be ready to move into right now. So, think about going around the home and making repairs to any of the little inadequacies that buyers are going to notice. Give it a thorough clean and tidy up the garden. Take the time to apply a new coat of paint where needed. If you’ve already moved all your stuff out, then think about hiring a staging firm to give it some much-needed décor love.
The helping hand
If you’ve been relying on an estate agent, how do you ensure you’ve chosen the right one? An estate agent might be a great seller, they might be professional, they might be warm and courteous, but they might still not be the best one for you. When choosing an estate agent, there’s one quality worth looking for above all else: familiarity. An estate agent who knows the specific area your house is in is going to be able to pinpoint all the perks that other agents (or anyone with access to Google Maps) would miss.
There’s always a buyer
If you simply can’t find a buyer on the open market, then don’t despair. It might be worth turning your attention to other markets, instead. For instance, there are sites specifically for wholesalers and investors worth considering. There is also the buy-for-cash market, including sites like www.NeedToSellMyHouseFast.com, which guarantees a sale even when no-one else does. In fact, if you’re truly in a hurry, then the latter market is your best bet. There’s minimal negotiation, minimal busywork, and minimal waiting.
Consider becoming a landlord
It’s not the right solution for everyone. If you need the money to buy another home or pay your way out of debt, becoming a landlord won’t be the quickest profit you’ve ever made. But if you’re in an area where the property market favors renting a lot more than selling, it could eventually be a better option for you. Check out sites like www.BiggerPockets.com to find out what exactly is going to be expected of you and what your responsibilities are. You can hire an agency to handle most of the duties of being a landlord for you, but that will eat into your returns considerably.
If you need to sell your home quickly, you’re most likely going to have to look at the idea of cutting down the asking price somewhat. In the housing market, it’s either quick or lucrative, but neither is it both. Just make sure, even if it isn’t as hugely profitable as you would like, that it’s fair.