Raleigh, NC has a buzzing housing market with new people moving into the area by the masses every month. However, buyers are taking their time and making sure to search for the best property to fit their needs. If you have listed your home, and it has not sold in the appropriate amount of time, there are some things you might want to consider.
Stale Listing Territory
When you first list your home for sale, there may be a flurry of activity. Prospective buyers will call and ask questions or come out to your home to see it in person. Once your home has been listed for a month or so and does not sale, the listing has a tendency to become stale. There is not as much interest in your home as there was in the beginning even though new buyers are entering the market. New buyers will wonder why it has not sold yet, and pass it up without viewing your home thinking that there is a serious reason that it has not sold.
Remove And Renovate?
If your home has been on the market for a couple of months and prospective buyers have had the same complaints about your property, it is time to take your house off the market and do some renovations to improve your chance of selling at the best price. Do not just begin renovations. Take the time to address the specific concerns of the potential buyer. There is no need to renovate your entire master bath, if the home seems a little dark and dated. You would be better of painting your home a neutral color and do a better job of placing lighting around the rooms.
Reconsider Your Pricing Strategy
You will want to take a moment to consider the listing price of your home. Your Raleigh home is in a high demand area and should receive ample interest or an offer within a few months if it is move-in ready. If it has not, it might mean that the asking price is too high. Prospective buyers might have already mentioned this. Did you listen to your real state agent when priced your home? If your home is on the market for more than a comparable home down the street, guess which will sell first. Talk to your real estate agent about the price and consider lowering it.
The Right Agent
You might consider if you selected the right agent to list your home. Is this agent familiar with the Raleigh area and your neighborhood specifically? You will want to make sure that your agent is doing everything they can to sell your home from running ads to open houses. One thing to consider is the agent’s company’s website. If there website is not top rate, prospective buyer might not even see your home’s listing.
What Comes Next?
You will need to take all of these things into consideration before taking the next step. It might help you sell your home quicker to take it off the market and handle some minor repairs or renovations. There might be incentives you can offer to lure prospective buyers to your property. Lowering the price or switching agents might have your home the center of attention again. It is important to consider all these options, and then make the best choice for you.
For more information on selling your home, please don’t hesitate to contact us.