Most people think that listing a house is the only way to sell a real estate property. But, that’s not true.
In fact, the truth is, listing a house on the MLS is no guarantee that someone’s going to buy it. Sure, it does increase the chances of it being seen by prospective buyers, but that’s just it. There are no assurances that your property is even going to be sold the traditional way.
So, what gives? You may wonder, “how do I sell my house if listing it isn’t working?”
Well, before you give up on listing your house, there are a couple of things that you can still do, such as:
1. Relist your house
A bad listing can significantly lower your house’s value. The biggest culprit? Bad photos.
When prospective buyers browse listings, they expect to see a house in tip-top shape, especially if you’re asking for a premium price tag for it. Of course, it’s impossible to keep a house 100% spotless, but do at least make an effort to clean.
If you work on your photos (you might even want to hire a professional photographer or someone with experience taking photos of real estate listings) and write-ups (description should be precise, honest and succinct without over-selling), there’s a huge chance that your property will sell a lot faster.
2. Lower your listing’s price
Take a quick look at the other properties that are also being sold in your area, and take note of those who were sold in less time.Try to be as objective as possible, and don’t forget to factor in fees and other costs, especially repairs and maintenance.
If they were sold for less than what you’re selling your house is for, then your property is most likely overpriced. Expect your property to sit there for quite a while unless you make the decision to lower its price.
Remember, the longer it takes you to sell your house, the more taxes, utilities, insurance, and maintenance will cost you.
So, a lower asking price might end up netting you more money in the end if it means getting your house sold fast.
3. Try to make a couple of improvements and renovations
Most homebuyers want a home that’s ready for occupation. If majority thinks that your house needs aa couple of repairs done first before they decide to live on it, then you might want to consider doing a couple of improvements.
If it’s already beyond your budget, or you don’t want to trouble yourself with it, you can try lowering your price.
Another way to grab the attention of prospective buyers is to offer them a line of credit for repairs and renovations. This way, they can fix the house however they want once the deal is closed, and it’ll be no your tab.
4. Change agents
Sometimes, it’s not the house that’s the problem. It’s the agent.
If your agent is taking too long to sell your house, then you might want to consider looking for another.
Of course, if you want to avoid going through all this trouble of listing your house, “We buy houses NJ” companies exist that will buy your property for cash outright as it is without any fuss.
No more asking yourself, “will I ever get a chance to sell my house?”, or wondering if your house is priced too high, and more importantly, no more waiting time.
You simply have to ask for a direct offer from a cash buyer, and decide if it’s right for you. If it is, then the deal can be closed in a matter of days. If not, then there’s no obligation.
So, really, you’ll lose nothing if you try to sell your listed New Jersey property property to a cash buyer!