Around the Bolivar area — well, everywhere — houses have been selling at a speed not seen in years.
For numerous possible reasons like low supply of homes, people having extra cash on hand because they can’t vacation, etc. the average home sold 44% faster this September compared to last year.
But what do you do if your house isn’t selling in the middle of this frenzy?
First, don’t panic. It could be nothing.
Sometimes, even when other houses are flying off the market, a home can sit on the market for a few weeks before the right buyers come along.
However, if your house still hasn’t sold at the month mark it’s time to investigate what may be causing the holdup.
Bad photos on your home’s listing
Especially when you’re trying to sell your house in the winter, home buyers are looking at your house online before they take a tour.
So, you have to impress them with clear pictures of your home posted on the various home-hunting websites.
Your asking price is too high
It’s understandable to have sentimental value in your home. At the same time, if you want to sell your house in a reasonable amount of time you need to list it around fair market value.
Your real estate agent should have done a competitive analysis with similar homes for sale. If they are an experienced, trustworthy agent you should take their advice.
If this is what you think the problem is, drop the price all at once to the correct value. Dropping it little by little over a long period of time won’t do much good and could be a red flag to buyers.
Something important needs fixed
There are a few things that, if in disrepair, will cause house hunters to breeze past your property.
- Air conditioning
- Water heater
- Electrical panel
That’s not to say you absolutely need to repair or replace all of these things.
However, if any of these things are on their last leg, are broken, leaking, etc. you will likely have a hard time selling your house.
One reason is it can affect the financing and ability to insure your home for a prospective buyer.
And don’t try to hide any of these issues in hopes you’ll sneak it by an inspector because you won’t.
At best, you’ll wind up having to renegotiate a new offer for a lower price.
If you can’t afford to pay for the full price of one of these important fixes, get an estimate of the costs, present them to any interested buyer, and offer to pay part of it. Or offer to pay part or all of the closing costs.
Trust an experienced realtor in Bolivar to sell your home fast
For the past 30-plus years Partin Real Estate (formerly Hoover And Associates) has provided exceptional service to those looking to buy or sell residential, commercial, and farming properties, as well as other real estate for sale in Bolivar and throughout Southwest Missouri.
Our team will provide a competitive analysis to show you what homes in similar size and condition are selling for currently. Furthermore, we will tell you what would be beneficial to help get your home sold BEFORE you list it and prepare to move.