If your property isn’t selling as fast as you’d like, there’s a variety of reasons why this is happening and also a number of things you can do to get it sold.
Challenges in the market
Sellers may find that 2022 is a more challenging year in which to sell. In 2020 and 2021, the pandemic and associated lockdowns created a huge increase in urgency for people to move. This has now died down, especially as the stamp duty holiday has ended and interest rates have started to rise. As a result, you may find there are fewer buyers and less interest in your home when compared to recent years.
Why won’t it sell?
If your home has received little interest, something may be putting buyers off - it could be a single reason or a combination of factors. Perhaps it has been poorly valued and marketed at the wrong price, or the appearance and condition isn’t up to buyers’ expectations.
It could be that the photographs don’t show it in the best light. There may be a long list of negatives within the survey report – subsidence or Japanese knotweed, for instance – which can drive potential purchasers away.
It could be something that you have less control over, such as market conditions, an unfavourable location (perhaps near a busy road or under a flight path) or a short lease.
What can I do?
There are plenty of things you can do to make your home more attractive. Consider what improvements you could make to the interior or to enhance kerb appeal. Making the décor more neutral, clearing away clutter and tidying the front garden can help buyers visualise themselves living there better.
Have a look at the way your home is marketed – new, improved photos might catch the eye. If you don’t feel like your agent is doing their best, try changing once your contract ends or go multi-agent, if possible. If all else fails, then it is worth considering reducing the price of the property.
If time is against you
If time is becoming a problem and you need to sell property fast, try Open Property Group. We buy properties regardless of their condition and relish purchasing properties an agent has failed to sell. We even buy the most un-saleable homes, including those labelled ‘problem properties’, so you can be sure that you can move quickly.
Sell quickly with a cash offer
All our completions start with a free, no-obligation cash offer, and you won’t need to waste time or money decorating the property. Your home will be sold in as little as seven working days, if you need to sell property fast, and the proceeds will go straight into your bank account. Get in touch to find out how we can help.
Watch the video below which explains more about selling your property fast or click here to continue reading this article