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The following article was published in our article directory on April 6, 2021.
Learn more about SpinDistribute Article Distribution System.
Article Category: Advice
Author Name: Karen Ramos
If your house isn't selling, you'll need to fix the issues that are causing it to remain on the market. If you have a major issue, such as a serious problem with flooding, you will have to get help from a contractor to fix that and make the property more attractive to buyers.
Recessions, Pandemics and Other External Problems
If the economy is struggling, buyers will be interested in your property but they may be unable to make the purchase. Sometimes there are things that you can do to make it more affordable, such as allowing them to pay their deposit in two installments or suggesting a financing option that charges less interest, to make the sale possible.
Poor Quality Photos
The photos that you use to sell your house are important. If you only put up one photo, it should be the best photo that you can get of your house. Do not take this photo with a mobile phone that has a camera with a low resolution. That picture will not really do a good job of selling your house.
The picture is meant to show buyers how beautiful your home is and a realtor can help you to find the best locations for taking the photo. Also consider getting help from a photographer who has experience with displaying the best qualities of properties that are up for sale.
Multiple photos of your home are usually better. You should also consider at least one photo of an area such as the living room, that shows interested parties what they will be getting. Show off the highlights of your home, such as a beautiful kitchen and spacious bedroom.
What Can I Do If My House isn't Selling?
Ensure that you have advertised the property by using several media. Sometimes homeowners stick to ads in the newspapers but using social media is also a good idea. Make the description of your property accurate but enticing. You should also use clear photos that display the beauty of your property.
Always compare your house with others by using an average. Don't pick a single house that you feel your house is better than and place a price on it that is higher than the asking price for that house. You may end up asking for more than several other houses that are a more attractive option than yours and for that reason, your house won't get sold.
You can get information on the price that other houses are being sold for by browsing real estate listings. Look at the number of bedrooms, bathrooms, land space, and other features such as pools or a tennis court. Extra amenities can increase the price of a house but there is a limit to how much buyers will pay. There are also buyers who will not be interested in a Jacuzzi or whatever you have and they will not pay extra for that.
Should you consider selling your home with a lease option?
Selling your home with a lease option can make it more affordable for buyers who are interested but don't have the money for a large down payment. This is a good option to consider in cases where there are problems in the economy that are affecting everyone.
A lease option allows you to get a good price for your home even if economic conditions are not in your favor. You can allow a potential buyer to rent your home, with the option of buying it at the end of the lease term. Th's allows you to attract people who are interested in purchasing a home but aren't ready to buy yet.
If you plan on doing this, you should make that clear via signs on your property or in your ads in print media, social media and so on. Do a background check on each applicant and contact a mortgage company to talk about the potential buyer's prospects for purchasing your property when the term ends.
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