The Cost Of A Stagnant Perth Listing

If a home is priced too it won’t get as much attention. The listing will slowly make it’s way down the list of properties on the market marking it less visible so even if you drop the price to something more reasonable, you won’t have as many prospective buyers seeing the listing. In a falling market, some sellers who initially price their property too high can find themselves slowly lowering their asking price & chasing the market as it falls.

Any aspect of a bad listing or advertisement can make people bypass your property in search of something that looks and sounds more appealing. Quite often, you will see a listing with bad or limited photos. Taking the time to clean the clutter out of the house and ensuring there is a lot of light in the photos and hiring a professional photographer can also go a long way to ensuring a successful listing. Paying a little upfront often makes a big difference in how much attention your property receives. Also ensuring the description is written to highlight the positive features of the house without leaving anything out can make it appeal to more people.

When people come to view the house, they shouldn’t feel as if they are in a cave. Open all the curtains and let in as much light as possible. Your prospective buyers will feel more comfortable in an open space as opposed to a confined and dark area.

Some lenders won’t approve a loan to buy a property that’s in need of major repairs. If your property is run-down or needs a good amount of cosmetic work, dealing directly with a property investor could be a good alternative.

The longer your listing sits idly, the more the house ends up costing you for continued expenses such as water rates, council rates, building insurance and mortgage repayments if the property is not paid off. The time and money you put into getting the house ready for marketing & home opens should also be taken into account.

Some people in Perth and across the country are opting to sell their homes to buyers & investors directly. The process can free them from commissions, repair costs & marketing costs. The flexibility that some real estate investors can offer through strategies such as joint ventures and option agreements can provide home owners with more choice and reduce the upfront costs of having a property sit on the market for extended periods of time. By working with some property investors, home-owners may be able to reduce or even eliminate the cost of preparing their properties for sale. In some circumstances where value can be added to the property through renovating or subdividing, owners can save money and time or even end up with more profit at settlement. Whether it be renovating a house that has been trashed by tenants or having their debts paid before the property is sold and settlement occurs. At My Property Options, we can make an offer on your house very quickly & there is never any obligation to proceed. If you have tried to sell in the past without any luck, or if you simply want to sell without any cost or waiting, explore your property options & consider an offer from us.

Another thing to reduce the probability of your house sitting on the market and not attracting buyers is to set your asking price in accordance with what other comparable properties are selling and being marketed for, possibly even slightly lower. Doing so can give you a good chance of attracting as many potential buyers as possible & possible even create a bidding war which could not only see you fetch a good price, but sell your house quickly and reduce the cost of having a stagnant listing.

If you decide to relist the property, you may decide to do things differently the second (or third) time around. Investing in a professional photographer, videographer as well as having the property styled & paying for the featured or upgraded online listing will go a long way to ensure you quickly get your house in front of as many people as possible.

Nothing can destroy a great listing faster than an unrealistic price. People will immediately assume the house is out of their price range or that you haven’t done your homework. Either way, your listing won’t be taken seriously. By pricing it right from the start, you’ll have a better chance of attracting prospective buyers and selling the house in as fast as possible.

Do you have a house you want to sell in the Perth area? Whether you’ve tried to list the home in the past or not, we may be able to provide you with an offer that could help you avoid the waiting, hassles, and costs of a stagnant listing. Contact us to find out if we’re able to provide an offer for your Perth house that’s right for you!