You feel like you’ve been waiting forever.
You’ve done everything you could possibly think of, and you’ve yet to find a real estate agent who can help you make the magic happen.
You’re tired of waiting for your home to sell. You want to pack up and move off to greener pastures, but you just can’t seem to figure out what’s standing in your way?
It could be a single factor or a combination of factors. Some of them may be within your control, but there could be little to nothing you can do to combat others.
You may need to change your strategies and find some workarounds, but it’s definitely possible to find a buyer for your home – no matter how much difficulty you’ve experienced in the past.
1. The Real Estate Market
The real estate market is always up and down.
Every city is its own miniature market. The neighboring town could be stronger than ever, while your town is lagging behind in its dust.
It may seem as though there’s no rhyme or reason to it, but the reasons are always there. A lot of them are complicated and nuanced, and it doesn’t necessarily matter what they are.
You’ll still need to wait until they’re resolved, and you’re not capable of single-handedly pushing the market in a favorable direction.
When the market is your biggest foe, you have two options:
- You can either wait it out and see what happens
- or circumvent the market entirely by finding a private buyer.
Most of the time, a private buyer won’t offer you full market value for your home. While this may seem like a major drawback, at least you know your home will sell and you can move forward.
Also, even if you're looking for market value, you will lose THOUSANDS on commission fee's & closing costs and don't really end up with market value anyways. Something to consider.
2. The Neighborhood the Home is Located
Your neighborhood may have been a placid and gentle place when you first purchase your home, but things don’t always stay the way they were.
Development that happened around your home may have made your neighborhood a little louder and a little busier. You can’t turn the power off to all of the businesses at night, and that may be a deal breaker for buyers who are looking to live somewhere quieter and slower.
Sometimes, the problem is your neighbors themselves.
You can’t control who moves in next to you.
Loud college kids who party late into the night or a neighbor who loves to set up tin cans for target practice may be off putting to certain buyers.
You can’t make them move out, as much as you wish you could.
Sometimes, economic circumstances can have a negative effect on a neighborhood.
The homes in low income towns often go unmaintained for long periods of time. People are more concerned with feeding their families and keeping their lights on, and hiring a landscaping service moves further down their priority list.
Unless you can pay to repair the homes of your neighbors, there’s not much you can do.
The neighborhood counts for a lot.
A lot of buyers are unwilling to entertain the notion of moving into a neighborhood that won’t complement their lifestyle. It’s possible to find a buyer that will, but it could take a long time.
If you don’t want to hold onto your home while you’re waiting, you can sell it to someone who is willing to do the waiting on your behalf.
3. The State of Your Home
If your home needs serious repairs, you already know it.
If the roof leaks in the garage and you need to set up a bucket to catch the drops, the people viewing your home undoubtedly saw that.
The majority of buyers are looking for a home that looks and feels new, and they don’t want to deal with buckets.
They don’t want to shell out hundreds of thousands of dollars on something that will need tens of thousands of dollars in repairs.
Even if you intend to sell at a price cut, they may not want to wait for those repairs to be completed before they move in.
You’ve probably considered making these repairs to your home, and saw what the estimates came out to be. They’re expensive, and you’ll need to pay those costs out of your own pocket. Not everyone has the luxury of being able to do that, and many people have to sell their homes as they are.
There are plenty of as-is buyers, but most of them aren’t seeking the help of a real estate agent to locate properties that need a little TLC. When your home is subject to some exceptional circumstances, you’ll need to look outside the box to find an ideal buyer.
4. The Competition
It’s hard to sell your home when the one just up the street has a fully remodeled kitchen and a new septic tank.
Other people may be working with a larger home prep budget than you are, and that budget will allow them to go the extra mile to entice buyers with shiny new improvements.
It’s a game of Keeping up With the Joneses that becomes very expensive – and not all of those expenses translate to a return on your investment.
Spending a bunch of money to make your property more competitive can prove to be a gamble.
In the end, it’s possible to lose big. If you spend fifteen grand on a kitchen remodel that only boosts the value of your home by eight grand, you’ll be taking a substantial loss. If you don’t want to play this game, you don’t have to.
Sell your home to someone who wants to renovate it. Some people purchase homes for their potential, rather than what they already are.
Those buyers are few and far between on the traditional market, but exploring new avenues can lead you right to them.
How Do Your Sell if You Haven't Been Able to?
We are local home buyers that aren't concerned about any of the issues above. We buy real estate & pay home owners cash for their homes in "as-is" condition. You won’t have to fix anything if you contact us now. We’re willing to buy the homes that don’t sell.
Whether you’re caught in a bad market, your home is run down, your neighborhood leaves much to be desired, or the competition is acing you out, you can count on us to help you. Just send us the info about your property, and we can respond with a full cash offer on your property.
Don’t wait any longer than you have to when we can close on your home in as little as 7 days. Either call us now at: 951-331-3844 or click here to learn more.