How Much Money Do You Lose from a Stagnant Listing?

Having a house listing on the MLS is no guarantee that it’ll sell, let alone for the price that you want.

 

For the first few weeks, it’s not unusual for your house to receive a lot of offers and visits. But, as times goes by, and the weeks turn to months, you’ll notice the number of qualified buyers going down significantly. Most of the time, this is because, majority of them have already seen how long your house has been listed and will most likely assume that there’s something wrong as to why it hasn’t been sold just yet.

 

It’s not like you can just drop your asking price, either.

 

Continually decreasing the price of your New Jersey property that’s up for sale can make you seem desperate, and before you know, you’ll find yourself settling for a selling price that’s significantly lower than you expected.

 

That’s why it’s important to make sure that, not only your house is listed, but that it’s not listed for a long time.

Why Is a Listed House Not Selling? How Can You Make It Sell?

There are multiple reasons as to why a house that’s been listed on the MLS is not selling.

 

This includes:

  • High asking price
  • Bad photos or description
  • Decor is too personal
  • The house looks uninviting
  • Unresponsive seller
  • Too many repairs or renovations required

 

And the lies goes on and on.

 

As already mentioned earlier, just because your house is listed, doesn’t mean that it’s going to sell. You’ll have to wait for weeks if not months to find the right buyer, and even then, that doesn’t mean that you’ll be able to close the deal just yet.

 

Until both parties have signed on the dotted line, the house is considered to still be up for sale.

 

So, “how do I sell my house?”, you ask. After all, waiting for a listed New Jersey house to be sold can be quite tiring. Plus, you’ve got bills to buy as well, and you may need to move away soon.

 

In such cases, you’re better off working with a cash buyer or a real estate investor.

 

Direct buyers work on a cash-to-cash basis and will buy houses as is. If you’ve read ads about people who say that, “We buy houses NJ in less than a month as-is”, then that’s what cash buyers are all about.

 

They’ll buy your property outright without asking for commissions and repair costs. Not to mention, in case you get curious, there no obligation. You simply have to call them and let them know the details of your property. So, at most, you’ll get a fair value offer for how much they’ll be willing to pay for your property, and if it’s too low for what you’re asking for, you can get back to either continue listing your house or making a couple of changes before relisting the property to help make it sell better and faster the next time around.

 

Remember, selling a house is much easier said than done.

 

If you’d rather avoid the costs of listing your house and watching its value go way down than expected, you’re better off selling your New Jersey property to a direct seller.

 

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Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
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Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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