Solutions to Get Your Property Moving on the Market
After all the work of getting your home ready to sell, a stalled-out sale can be frustrating for any homeowner. If you’ve already committed to moving, it can be devastating to your wallet, too. Even when the Newport Coast, CA real estate market is hot, your home isn’t guaranteed to sell. Although it can be difficult to pinpoint what is keeping it on the market, you do have some options on how to handle your home not selling.
- Take it off the market
It’s possible that one of the reasons for your home not selling is the time of your sale. If you are selling in a buyer’s market, there may be too much hot competition to compete with. Buyers may be inundated with choices that are drowning out yours. Typically, spring and summer are great times to list your home, although in California, we see successful sales year-round. Discuss the current inventory with your real estate agent, and if you should re-list your property.
- Review the marketing
Your real estate agent should make sure that your home is visible to potential buyers on the internet. Make sure to review your listing photos, videos, and layout plans to ensure that your home is looking its best. If the listing is missing interior or exterior photos, the pictures look dark, or the photos aren’t portraying a key feature in your home, it may be time to increase your marketing efforts.
- Cut the price
Generally, sellers use this option as a last resort because who wants to accept less than their asking price? However, doing this often generates a huge amount of interest in your property. If you do opt to do this, be strategic about how much you lower the price. Go over the market with your real estate agent and discuss potentially lowering the price.
These are just a few options to consider when your home isn’t selling. To get your property moving, contact the real estate experts – The Lynch Group at Sotheby’s International Realty. We serve homeowners and home buyers in Newport Coast and beyond. Contact us today to see how we can help you buy and sell real estate property in California.