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Major Reasons Your House is Not Selling

In a perfect scenario, selling a home is a matter of few steps which goes the same for all kind of properties. The steps include, putting a house on market, scheduling the showings, getting it auctioned and there you get an offer. Quite simple, right? Everyone knows the procedure, and even you know it.But still you are left wondering that why is your home not selling as fast as other homes.As per the real estate agents, it takes about 30 to 40 days to sell a house and few days up to finally settle the deal and finish all legal formalities. This is possible only if the best real estate agent jumps in and agrees to get you a great deal. But unfortunately, this is not the case with all the houses that are listed and above all, the bad news is that you cannot force anything if your house is not selling. This is because number of circumstances become responsible for the house not selling. Out of all, the first and the most important is not being able to find the right buyer at the right time.Now the good news is that you are aware of the reasons and can take control of few of them, if not all. Here are some of the possible points that might be responsible for your home not being able to sell. Let us see these together:

You are targeting the wrong market

There are two trends in real estate market that every seller or even a buyer must check before selling or buying a house. That is:The time of the year you want to sell your home Looking into the market type: Is it a buyers’ market or a sellers’ market?A buyers’ market is the one where a lot of homes are on sale but the buyers are few whereas sellers’ market is the one where lot of buyers are there but the homes on sale are few. If you are selling your home in the latter scenario, you will more likely to sell your home in a less time because there is a lot of competition for properties. On the other hand, in the buyer’s market, your house is the one facing the competition and that may be the reason your house is not selling as quickly as you desire.The best way to avoid the halted sales project is to become strategic and wait for the best time to come especially when chances are high for your house to get listed immediately and sells faster than you imagine.

Setting a Price Too High

The higher you go with your house’s price, the lower will be the pool of buyers. Similarly, the homes that are priced high comparative to the ones in the neighborhood, cances are that your house will not be given the attention it deserves and you will lose the potential buyers. An overpriced home will never bring you the luck of selling, so, make sure that you are look around and do research before setting a final price.

Not Marketing Your Home in a Right Place

If you are marketing your home through traditional marketing mediums like print ads, etc., you might end up getting irritated because now in the digital era, all business operations are carried out using online platforms. Even the real estate agents use online platforms to list a property and help their clients get a better deal. This is because around 44% of the buyers takes to internet to look for a property. If you hire a real estate agent, then make sure you look into the platforms your agent uses to list the property. If the real estate agent uses the old school methods to advertise your property, then certainly you would be going in the wrong direction. If you are handling the things by yourself, it is advisable to use social media platforms to connect with the wider audience to get a better reach.

Your Home is not Aesthetically Appealing

The first impression is the last impression and if your home is not well furnished, or cleaned, no buyer would want to come up to buy your home. So, before you begin with any step, just make sure that you have decluttered your house, it is well furnished and renovated, if required.If you are still not able to figure out why your home is not selling, then do not hesitate to reach out to the real estate agents in Knoxfield. DJ Randhawa, the best real estate agent in Ferntree Gully is highly experienced and will put you on the right path, therefore get you the best price for your home as fast as you desire.

41/1470 Ferntree Gully Rd, Knoxfield VIC 3180, Australia

(+61) 452 054 470

dj@knoxpropertyexperts.com.au

Content Resource:https://realestateagentau.medium.com/major-reasons-your-house-is-not- selling-3f70ac290014

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