Selling a house can be an exciting adventure because you don't only get to meet new people, but you'll also get to understand how the industry operates. However, it can also be a frustrating experience, especially if it's your first time. Imagine you're the buyer, and for some reason, the same house keeps appearing on the daily listings. It only means one thing- buyers aren't interested in purchasing it!
As a seller, this can build a bad reputation, and you might end up selling at a throw-away price. To sell a house fast in Boston or attract more potential buyers than you're doing at the moment, you'll need to go back to the drawing board and learn all the metrics.
So, why is your house stuck on the listings for several weeks? Let's have a look at some of the possibilities.
Everyone believes their house is priceless, and rightly so. After all, that's where they've built most of their memories and could be the first home they've ever owned. It even gets more challenging to put a price on the house if it was an inheritance.
Regardless of your emotional attachment, you ought to remember that every building listed in the real estate market has a price. It won't matter to the buyer that you've lived in it since your childhood days. All they want is a fair deal considering its condition at the time of the sale.
As a first-time seller, it can be pretty intimidating to come up with a rough estimate of the possible selling price. This is where the experts come into play. To avoid making unnecessary mistakes, it would be wise to employ the services of a good real estate agent.
The main factors considered when determining a property's value include its condition and the current market status. Your circumstances as the seller may also impact the final price put on the house. For instance, if you want to sell quickly to finance other projects or due to a legal implication, then the value might be lowered by a given percentage. But then again, it all depends on the real estate agent whom you've given the job.
Step in the shoes of your potential buyer and browse through the photos you've posted. Do they portray a cool environment and a house worth paying for? Your answer to this question should determine your next move.
Photos have a way of either attracting or repelling customers. Remember, the market is full of competitive listings. Therefore, if yours doesn't attract the attention of potential buyers, then you have a lot to do.
First, make sure your photos are up-to-date. This might seem like an obvious take but you'll be surprised how many people post pictures of their house before renovation and expect it to sell fast.
The pictures should also be as clear as possible. You'd want the buyer to see everything the way they are even before visiting the site. In the same breath, take photos of every part of your property that's worth showcasing. Things that buyers usually look out for include the exterior design, the interior walls, overall painting, roofing design, doors, kitchen design, and the ceilings.
Keep in mind that some sites might limit you to a certain number of photos. Therefore, it would be wise to arm yourself with a few more just in case a potential buyer asks for them.
To make things even more interesting, you can opt for video listings. This is slowly becoming a trend in the real estate industry and sellers enjoying a lot of benefits by posting videos rather than photos.
Also, be mindful of what you post because you don't want to paint a false image just to attract customers. Doing so will only damage your reputation, and you might not be able to sell the house in the long run.
Maybe the problem isn't you but the market itself. Sometimes, the real estate industry can be very frustrating, even for seasoned sellers. The market conditions are affected by many things that are beyond any individual's control.
Some of these factors include a declining or growing population, the country's economic status, interest rates, and housing demand versus its supply. Of course, you have very little to no control over some of these factors. What you can control, however, is when to list your house.
Again, this is where an experienced real estate agent can come in handy. These professionals know when and when not to rush selling a home. Because of their experience in the market, they can predict what'll happen in the market within the next few weeks or months.
Selling a home is nothing simple and shouldn't be done just for the sake of it. You need a lot of planning and consultations with the right people before making your final decision. We've already mentioned a couple of times throughout the article that you need the services of an experienced real estate agent.
So, how do you go about choosing the right agent for you? Some of the things to keep in mind include their experience and number of successful sales. You'd want to work with a person who guarantees you success. Also, their professional circle matters a lot because that's mostly how agents get or connect with potential buyers. That said, you can always ask your friends and relatives for recommendations, especially if they've sold a house or two before.
Whether you're doing it for the first time or have been in the business for a long time, the real estate industry can be both interesting and frustrating. Sometimes, you might have your property listed for sale but with no buyers in sight. If your house isn't selling after listing it for months, then there could be a few things you've done wrong.
Make sure your photos are well-taken and the price should match its current market value. Most importantly, don't forget to find a good real estate agent to help you through this complex process.