While it’s every homeowner’s dream to get a quick and easy sale when they put their property on the market, unfortunately this isn’t always the case (especially when selling on the market!). Now more than ever, there’s several factors at play as to why your house might not be selling, from a lack of attention from estate agents, to the current state of the economy.
Let’s take a deeper look at each reason why you might be struggling to get your property sold, and what your best next step is.
Reasons Why Your House May Not Be Selling
The Market is Slowing Down
Between the cost of living crisis and post-pandemic effects, the number of people looking into buying homes has reduced significantly so putting your house on the property market might prove a difficult way to secure a sale.
While your estate agent may advise you to wait until the market is in a better condition, this isn’t the most feasible option because of how long this could take – especially if you’re in the process of buying a new property.
There are ways for you to sell your house fast despite the market’s unpredictable highs and lows, and using a property buying company is one of them. They’ll take the home off your hands irrespective of the market! You can find out more about this process here.
The Time of Year isn’t Promising
As a rule of thumb, properties sell better in the Spring and Autumn season where people have a little more time on their hands to house-hunt. These are also the two times of the year that represent a big transition, so people are eager for a new beginning.
Selling outside of these two prime times can make it tough to get your home sold quickly. The Winter and Summer seasons are a lot busier periods for people, so naturally moving home isn’t a huge priority.
But what do you do if you need your home sold quickly throughout the year? At Property Rescue, the seasons don’t affect our ability to buy your home from you. This means you can sell your home at any time, without waiting for these potential peak months!
Your Estate Agent isn’t Performing
A big factor why your house isn’t selling may have nothing to do with the property itself! It’s possible that your estate agent isn’t giving the home attention or they aren’t regularly touching base with you in regards to what is happening with the property.
It’s vital for whoever is helping you sell your home to keep you in the loop, and you should feel confident that you’re receiving all the relevant information.
Whether it’s marketing your property properly, or working hard in in-person viewings, if you’re doubting your estate agent’s ability – you might want to look at alternative ways of selling your home. This could be choosing a property buying company to avoid relying on the efforts of an estate agent and to get your home off the market as quickly as possible.
Potential Buyers View Your House as a Big Work In Progress
While it’s common for buyers to purchase a property for a lower price and proceed to renovate it afterwards, a lot of buyers don’t want a big property project on their hands. They may want a home they can easily move into and actually start living in.
If your home has a few areas of concern that will require a large amount of work, this could be a reason as to why the property won’t shift.
You can either take on the load and renovate the place (which will eat up a lot of time and money!) or you can switch to a property buying company who will buy your home regardless of any structural or aesthetic issues.
Poor Listing Description and Photos
Nowadays, people are more driven to visuals. This means that even when listing your property, you’ll want to showcase your home in the best possible light with great photos. But let’s face it, we’re not all professional photographers and we may be using pretty poor quality images without realising!
In addition to this, perhaps your listing description doesn’t include key features that buyers are searching for. When selling on the market, it’s super important to optimise your listing so it stands out from the rest.
However, this is still a big ask if you’re not too sure how to do this. If you don’t fancy the hassle of trying to make your listing look perfect, you can sell your home to Property Rescue who don’t assess your photo or writing skills before offering you a quote!
You’re Stuck in a Long Property Chain
A big reason as to why your house isn’t selling could be because you’re part of a long property chain with the next house you’re looking to buy.
It’s more appealing to buyers if they know they can quickly move in, but if this process is being delayed because of other parties then this can put them off.
Ideally, to sell your house fast, you’ll want to be chain-free. One way to do this is by selling your current property before buying your new one and living/renting elsewhere in the meantime.
Though, an even simpler solution would be to get the house sold to a property buying company so you can have the profit in your pocket in no time to keep things moving swiftly.
What to do if a Potential Buyer Pulls Out
This can be one of the most frustrating scenarios any homeowner can go through when trying to sell their property. However, it’s not the end of the road here as there are various ways you can overcome this.
While you can wait it out and see if any other potential buyers come along, we’d recommend looking into selling your home with Property Rescue if your main goal is to get the property off your hands.
Property Rescue specialise in buying properties for cash and giving people a hassle-free fresh start in no time. If you’re currently worried about the sale of your house and how to go about it in the current economic climate – why not get in touch with a member of our team to get a no-obligation quote?
From our Home Buying Team all the way to our Progressions Team, Property Rescue is made up of property experts who are here to support and guide you every step of the way.