Selling property

Dec 21, 2022 Business

How To Sell A House That Has Been On The Market For A Long Time

If you have been struggling to sell your house, it could be time to make some changes. Here are things you can do that will likely increase the number of buyers interested in your home:

Cut the price of your home by at least 10%

This is the easiest thing you can do, but it is rarely done. Most sellers think that buyers will not want to see a price cut, so they don’t even suggest it; many don’t even include a price cut in their listing, perhaps assuming that this will hurt their chances of attracting buyers. But a 10% to 20% reduction could make all the difference, even when you consider the fact that most houses sell for much less than asking price. You can see more here

Clean some of the space

The less stuff there is in a home, the more maneuverable it is for buyers who want to give their own staging a try.

Increase the number of showings

If you have been on the market for three months and your listing does not have even one open house, it probably needs to be revised. People who want to see your house with their own eyes will want to come during the day, not at an appointment time. If you have scheduled your open house for a time when few people are out and about, you might need to rethink your strategy.

Tell offerors about financing

If it is difficult for buyers to get a loan commitment before they put in an offer on a home, tell them up front so they aren’t wasting their time offering if they know financing is going to be an issue.

Increase your advertising budget

If you have a good agent and you have been advertising on the Internet, but still haven’t received good offerors, it could be time to rethink your strategy. If you don’t want to pay for more newspaper ads or increase the amount of time your home is advertised on the Internet, consider a different agent who can think of other ways to get exposure for your home. It may cost more to advertise in different ways, but if you are trying everything else, it could be worth the extra money.