What to do if your house doesn't sell?

Once your home was on the market, you expected to be inundated with offers. Unfortunately, that was four months ago and the show seemed to be a slow trickle. Or he didn't come at all. There are several reasons for not selling your home in Georgia. For example, the price may be too high or it may be a red flag for the stock. To identify and resolve specific problems, follow these steps:

1.      1. Listen to the concerns of potential buyers.

During your presentation, you or your real estate agent may notice that potential buyers ask the same frequently asked questions or raise similar concerns about certain aspects of the home. Keeping a list of these comments helps people identify barriers to buying.

For example, if everyone is asking for your baseboard to be broken or damaged, it may not be something the buyer wants to lose. According to Angi (formerly Angie's List), the average roof repair costs between $350 and $1,584 (depending on the damage).

If your roof is less than 10 years old, you can satisfy your buyer simply by repairing the damaged panels. However, if your roof is over 25 or 30 years old, you may have to pay the cost of the roof replacement, which will cost you at least $9,000.

    2. Hire a Home Inspector

W  We all have an emotional connection to the places we have lived. This can hide problems that need to be addressed. A home inspector can provide an objective view of what needs to be repaired to sell your home in GA at the asking price.

A    home inspection is a thorough visual inspection of a building's structure and systems by a qualified professional. This may include checking foundations, roofs, plumbing, and appliances for potential safety issues. Home inspections range from $ 279 to $ 399. 

33    3. Implement reforms that increase the financing possibilities for buyers.

       Home inspections often worry owners: is it necessary to correct everything in the report? The short answer is no. However, it is recommended that the lender handle the repairs requested by the buyer to finance the purchase.

T    These can be costly structural defects, building code violations, or safety issues.

O    The items on the list may be less important and you can decide if you want to follow them. To help us make this decision, we sometimes make a list of points of interest that emerged during the show.

      Are these also on your home inspector's list? If so, repairing these items should also be a priority.

      4.  I will update the list (and photos) after making the repairs.

Once you have resolved any issues during the show or home inspection, you can schedule a follow-up check. Once the home inspector has confirmed that the problem is resolved, we will update the property list to highlight all repairs and updates.

You should also remove the old photos and replace them with new photos of the property after the repair. Consider having a professional photograph you. Based on insights from real estate photography companies, homes photographed by professionals sold 32 percent faster than other listings, according to the Washington Post.  The asking prices per square meter were also 47% higher, according to the analysis of real estate agent Redfin.

5. Address problem solved.

In some cases, the problems hindering the sale of the house have nothing to do with repairs. Red flags can appear in your last name when a potential home buyer conducts a survey.

Some examples are:

Home transfer to someone else without a copy of the family register

The mortgage has been paid, but still looks like a valid pledge

Mechanical concessions were granted for the works carried out by the contractor.

In these cases, it is important to contact the title company and ask what they can do to fix the problem.

6. Price Reduction

Price cuts are often the last resort for sellers. Because you obviously want the best homebuyers you worked so hard for. However, in some cases, price cuts are needed to reach the right buyers.

How do I know if I need to lower the suggested retail price? You may receive few or no offers. If you're attracting enough traffic, but aren't getting the offers you want, you may be getting close to your target price. A small drop in price can close a deal.

If your offer is not requested after 10 days on the market, consider reducing the price by 3%. However, if you have a lot of offers but no offers, a 1% discount can keep buyers interested.

When choosing your discount rate, keep in mind the level of the online compensation price. Let's say your home is worth $ 520,000. If your next price filter is "below $ 500,000," we recommend that you post properties at $ 499,999 instead of $ 500,000.

This way you create a wider network, reach the right target group, and ultimately have a viable offer.

Try to be smart about how often you lower the price of your property. Lowering your home's list price by more than 3x can make buyers think something is wrong.

7. If your home is not selling, consider selling it to a reputable home buying company.

Owners can get frustrated when they have a home that doesn't sell. Fortunately, there are other ways to sell your home without costly repairs or a steep price drop.

Hisandherinvestments is a real estate investment firm specializing in the purchase of townhouses, and multi-family homes for cash. We buy real estate "as is" in Georgia. This means you don't have to make costly repairs or updates to your property just to sell it. To find out how much your property is worth "as is", call (478) 475-2478.

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