When you’re selling a home, you always want to do everything you can to avoid the nightmare scenario. The nightmare scenario is when you put your home on the market, and it doesn’t sell for months or even years. While you might think that this is an exaggeration, it does happen, and owners have only one option at that point. They have to drop the house price and eventually the home sells for a lot less than it’s worth. You could stand to lose hundreds of thousands on a property that you were forced to sell undervalue.
To avoid this nightmare scenario, you have to know the type of issues that can stop a house from selling. Immediately, you should be thinking in terms of first impressions. What’s the first impression a new buyer is going to get of your home? Obviously, it’s the outside, the exterior style. That’s why you want to make sure you give your home as much curb appeal as possible.
There are plenty of ways to add more curb appeal to your property. You can start by thinking about the garden. If you want to attract buyers, you need to add a little more color to it, making sure it’s as attractive as possible The simplest way to do this would be to plant some beautiful tropical flowers and make sure that it really stands out from the garden’s of your neighbors.
Another option for curb appeal would be a water feature. However, you do need to care careful with this possibility. It’s quite possible that a lot of potential buyers won’t be pleased with the type of maintenance bills that this will bring.
Of course, the curb appeal is just one of the points you need to get just right if you want your home to sell and sell fast at the right price.
Any Issues
Any issues with the property whether it’s a leaking pipe, a patch of damp, faulty electric lines or goodness knows what will bring to words into mind that you don’t want. A fixer upper. If your house is deemed to be a fixer upper, you will never sell it for the full property value. That’s why you want to make sure it is completely fixed up before it hits the market. You can find some great tips on how to fix your home at http://www.handyman.net.au.
Whether you have been living in the home for two years or ten, it will have experienced some form of wear and tear. There’s just no getting around that, and it won’t be because you haven’t looked after it properly. Pipes leak, walls crack, and it’s nothing to do with your actions at all.
The important thing here is that you are ready to get those problems fixed before you sell. The best way to handle this is to make sure that you are getting a full inspection of your property before it hits the market. Get everything checked out and don’t forget areas that people often forget all about like the roof. It’s quite possible that there’s been a hole in your roof for years and you never noticed. But, you can bet it will definitely show up on the survey.
Or perhaps there’s a problem with your plumbing. Something as small as a dripping tap could stop people buying your home. So, you can imagine how they would feel about a burst pipe or even a blocked drain. The good news is that you can use services such as http://www.plumberkillara.com.au to get issues like this fixed long before your home goes on sale. It’s recommended that you spend as long as three months getting your home checked out and resolving any issues that you encounter. Then, and only then should you think about putting it on the market?
Out Of Date?
Here’s something most home buyers don’t know. A home that looks out of date isn’t less valuable than one with all the latest tech features or one that has a beautiful open plan design. Ultimately when someone buys your home, they’re not purchasing the design. They’ll redesign it themselves when they move in. They’re buying the land so technically, it doesn’t matter whether you’ve kept up to date with the latest home designs or not. Technically, this is true, but actual value and perceived value are two very different things.
So, while an out of date kitchen doesn’t impact the value of your home, it will affect the type of offer that a new buyer is willing to put in. And, if your home is priced higher than they think it should be, they may not even bother to arrange a viewing. This is the type of situation that can mean your home is left on the market.
As such, you might want to think about making improvements and modernizing your home before the sale. One of the ways to do this would be to upgrade the kitchen. Contrary to belief, you don’t have to spend thousands upgrading the kitchen. Instead, you can simply make smaller changes that ensure your home looks modern. For instance, you can sand down and refinish the cupboard doors, giving them new handles. Ultimately, this will make your kitchen look modern at a minimum cost for you.
Wrong Time?
It is entirely possible that the reason your home isn’t selling has nothing to do with how it looks or feels to potential buyers. Instead, it’s all about whether you’re selling at the right time. For instance, you might put your home on the market at a point where the economy has crashed. In cases like this, homes won’t sell and if they do prices will be very low. During this time, the value of your home is diminished because it’s a buyers market. If people can’t afford to buy your home, that does impact on the actual value. As such, you may want to wait until the market improves. You can learn more about the state of the market by looking at http://www.smh.com.au.
The good news is that the market always bounces back eventually. It’s just a matter of whether you are able to wait for that to happen.
Take this information on board, and you should be able to avoid the nightmare situation of a house that fails to sell.
