5 reasons why it's hard to sell your house

One of the things that no real estate investor wants is to see their house for sale for a long time but no one buys it. This makes them worried and frustrated. Why does selling a house seem so simple but cause so many headaches? According to HomeLight , there are 5 common reasons why your real estate is in a slump.

sky high prices

Real estate expert Alex Adabashi says pricing a home too high can put off potential buyers.

“Even in the hottest markets, there are still some homes that can’t be sold,” he warns. “Homeowners often want to set a higher price to give themselves room to negotiate, but that becomes a barrier to entry for buyers.”

Advice for investors is to consult with experienced people or real estate brokers to price the house reasonably. From there, you will achieve the desired price but also suitable for the buyer's accessibility.

House in disrepair

Everyone wants to own a beautiful, comfortable and safe house at a reasonable price. If the house has many problems such as damage, old age, lack of equipment and is not renovated, it will make buyers hesitate and turn away even if the price is reasonable.

Adabashi believes that first impressions of a home are important. So you need to refresh the appearance, paint or renovate if necessary to ensure that the property has high value in the eyes of visitors.

Some tips to help your home become more vibrant without spending much money include adding more plants, adding more lights to increase the light, and rearranging the living room, which is the place that makes the first impression on home buyers.

You can consult with acquaintances working in the architectural profession or real estate brokers to know how to spend wisely on repairs and renovations.

A large urban area in Hanoi (Photo: Tran Khang).

Bad location

Location plays a major role in determining the value and liquidity of a property. Selling a home that is far from the city center, densely populated areas or amenities is often more challenging than selling a home in a convenient location.

Even if your house is very beautiful, but the location is too far, the traffic is inconvenient, and there are not enough surrounding amenities such as schools, hospitals, markets, etc., which will be a big minus point.

You need to carefully consider the actual value of the property based on location, area, house condition and compare it with the market price in the surrounding area. Another way to increase the selling price is to invest in building additional essential utilities to meet the needs of buyers.

In this case, you should use a brokerage service because they have a lot of experience in selling houses in remote locations as well as have a large customer base in each area.

Let emotions rule

Selling a home is an emotional journey, but sometimes your personal memories and preferences can unintentionally become barriers to a successful transaction. To sell your home quickly, you should not let emotions dominate the negotiation process.

Try to eliminate personal touches like souvenirs, family photos, or other items that have a strong personal stamp on them. Leave emotions aside and focus on creating a neutral space that appeals to a wide range of potential buyers.

Remember that your goal is to sell your home so you need to focus on making a good impression on the buyer and be willing to compromise on your personal preferences.

Bad timing

Selling a home can be difficult, especially when the market is tough or frozen. Therefore, choosing the right time to sell is important to optimize the selling price and shorten the transaction time.

However, there is no exact answer to this question because the best time depends on many factors. Usually, for townhouses and apartments, it is best to sell at the end of the year or before the school year when the demand for buying houses is highest. For land and villas, it can be sold at any time of the year, however, spring and summer are still the most ideal times.

Source: https://dantri.com.vn/bat-dong-san/5-ly-do-khien-ban-kho-ban-duoc-nha-20240615103253052.htm