Why Hasn’t My House Sold?

There are many variables at play when it comes to how long it takes for a house to be sold. In the Columbus, Ohio real estate market as well as all others; many factors need to be considered. When all is said and done, if the property is still not sold; then maybe renting is the best solution. Let us examine some of the reasons a house might not have gotten sold:

• The condition of the house is such that other homes in the same price range are more attractive to buyers.
• Your agent might not be doing a great job or portraying the right attitude to prospects.
• There is no lock box; or other conditions that limit access.
• The market is flooded with houses for sale, or your neighborhood has experienced a high rate of distressed sales.
• Marketing efforts are not effective, and not utilizing the proper marketing outlets.
• It is located in an undesirable area.
• The price is too high, or not competitive enough with the neighboring homes.
• Bad landscaping or a lack of home staging.

Why Renting May Be the Solution!

If the market is not cooperating no matter what measures you take to make your home saleable; then maybe consider renting for these reasons:

• You will have a monthly income to count on.
• When the market is in your favor; you have the option to try to sell again at any time.
• You can sell the house while still tenanted to an investor or other persons interested in this type of sale.
• You can utilize available options to sell the house to the very tenant currently renting.
• Increase the equity in your home over time, to allow a sale at a more competitive price.
• Great vehicle for steady retirement income in the future.

If you think renting is the right solution for your situation, please feel free to reach out to me about the property management services we offer.  I would be happy to help explain the process and even provide a free marketing evaluation, even if you choose not to use us as a property management company.