When attempting to sell your house, a house that sits out there for too long will just wind up working against you personally. In our most recent article, we will help you learn to market quickly, preventing a dreaded stagnant listing.
When a house sits on the MLS for weeks or months at a time, the chances of it selling decrease astronomically. It will fall down the list of available properties, becoming seen by more and more people. When it sits stagnantly for a period of time, people will start to assume there’s something wrong with it. Even if it’s in excellent shape, properties that stay on the MLS for quite a very long time often become overlooked. On the MLS and listing sites such as Zillow, potential buyers can easily see price changes and how long it’s been on the market. Repeatedly decreasing your price can make you appear desperate, making folks feel as if they can offer a low price and you will accept. Below, we offer some insight as to why your house isn’t getting sold and what you can do about it.
Why It’s Not Selling
Priced Too High
If a home is priced too high, people will pass on by. The listing will gradually make its way down the list so even if you drop the price to something more reasonable, you won’t have as many potential buyers seeing the listing.
Bad Photos or Description
Any facet of a lousy listing or advertisement will make people look the other way. Quite often, you will come across a listing with poor or limited photographs. In order to have a successful listing, you ought to take some time to clean the clutter from the house. Make certain there’s a good deal of light in the photos and also opt to bring in a professional when needed. Paying a little upfront will make a big difference in the way your listing is received. You should also be certain that the ad copy is on point. Highlight the positive characteristics and amenities of the home, being sure to not leave out anything.
Dark and Dreary
When folks come to view the home, they should not feel as if they are in a cave. Open all the curtains and let in as much light as you possibly can. Your potential buyers will feel more comfortable in an open area as opposed to a confined and dark area.
Major Repairs Required
Many lenders will not grant loans for people to buy properties in need of major repairs. If your property is run-down or needs a good amount of cosmetic work, a direct sale may be a more sensible way for you to go.
What A Stagnant Listing Is Costing You
The longer your listing sits idly, the longer the house ends up costing you. You’ll be sinking money into the home for the ongoing expenses such as utility bills, homeowners insurance, and property taxes. You’ll also need to consider the time and money that you put into the house getting it ready for the MLS, sometimes all for naught.
What You Can Do About It
Avoid The MLS Altogether
A lot of individuals in San Antonio and around the nation are choosing to sell their homes to buyers directly. The process will free them from commissions, repair expenses, and not knowing when the house will sell. At Lone Star Real Estate Solutions LLC, we’re a group of direct buyers who can make an offer on your house almost instantly. There’s never any obligation. If you have tried to sell in the past with no luck, or if you simply want to sell without any cost or waiting, a direct sale is an option you should seriously consider.
If you choose to relist the property, you might decide to do things differently the next (or third) time around. If you’re going to do it, then do it correctly. Pay the prices to get the featured and upgraded online listing options. Do anything you can to quickly get your home in front of as many individuals as you can.
Set The Price Right From Day One
Nothing can ruin a great listing faster than an unrealistic price. Folks will instantly assume the house is out of their league or you don’t know what it is you are doing. Either way, your listing won’t be taken seriously. By pricing it right from the beginning, you’ll have a better likelihood of attracting prospective buyers and selling the home as little time as possible.
Do you have a house that you want to sell in the San Antonio area? Whether you have tried to list the house in the past, we can help you stay away from the waiting, hassles, and prices of a conventional MLS listing. Learn what a direct sale can mean for you! We always make just and honest offers for San Antonio homes!