In real estate, it is a feat when a deal goes smoothly, you find a house that suits your needs and budget or you sell your house instantly. There will always be financial problems in a dynamic world like real estate. There could be some natural and unexpected problems too, because so many human factors are involved or maybe because a smooth deal does rely a bit on luck. Then there are the growing prices. With the prices going up, it is acceptable to assume that people are more careful about money now. In real estate especially, people are even more conscious and make every effort to ensure that they are not getting financially exploited. However, if you think that cautious buyers are not the reason for a great house to remain unsold, then you need to go back to the basics. These are some common reasons that may apply to your house's problem of staying unsold -
* The location of the house could be the problem. It might be too far from basic amenities, facilities, parks, schools, transport, leisure activities, etc. Maybe the area is not a hygienic or a secure place to live in. These issues have to be resolved by the seller, either by lowering his asking price or by fulfilling all the basic needs of the buyer somehow.
* The economy is not always our friend. You have to adjust according to its whims and fancies. If you think that in the current scenario, nobody's house in the area has been quoted for such a high value in the market, then maybe it is to time to get real. If you let your house stay unsold for long, then it may remain so or you may have to incur huge losses. So, lower your expectations and the asking price now.
* This is also an indication that you should do your research. A lack of proper research can easily lead to an uninformed seller and that is never a good thing for business. Being knowledgeable about the market and the property can lend your actions and words more conviction. These actions can include knowing what to do with the house to make it sale-able.
* The house may be old and needing a change or a complete remake. You need to repair, paint, and upgrade to first make the house suitable to the standards of the other houses that up for sale. Then you can think of adding more life to it or some novelty to it, to make it stand apart from the others and get noticed.
* You may not have hired professional help and expect to know everything about properties, legal aspects, market trends, negotiations, buyer mentality, etc. However, you cannot expect yourself to do an expert's job.
A seller who has done his research and gained knowledge about real estate is unlikely to get into these problems. You need to rectify these common problems and ensure that your house become sale-able fast.
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