Home isnt Selling – Illinois Broker School https://illinoisbrokeracademy.com Real Estate Classes Online in Illinois Mon, 15 Nov 2021 18:16:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://illinoisbrokeracademy.com/wp-content/uploads/2021/09/Real-Estate-Courses-Logo-7.png Home isnt Selling – Illinois Broker School https://illinoisbrokeracademy.com 32 32 WHAT TO DO WHEN I’M UNABLE TO SELL MY HOUSE? https://illinoisbrokeracademy.com/what-to-do-when-my-house-isnt-selling/ Mon, 15 Nov 2021 05:40:43 +0000 https://illinoisbrokeracademy.com/?p=12834 Read More »WHAT TO DO WHEN I’M UNABLE TO SELL MY HOUSE?]]> There are some situations more frustrating like if I’m unable to sell my house after I even put it on the market.

I have spent a good amount of time and intense effort, and possibly a lot of money, striving to get the word out and get some lucrative offers. But no real luck. I’m is often questioned most of the time that why I’m unable to sell my house. There are generally some straightforward common reasons.

Well, what are my options when I’m unable to sell my house? Is there anything else I can do instead?

Luckily, there are things I can do when I’m unable to sell my house. They may involve compromise. They may be less than perfection. But sometimes my situation dictates that I need to take action.

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THINGS TO BRING MY PROPERTY FROM STAGNANT TO SOLD

Below are some of the more popular alternatives when I’m unable to sell my house.

1. Make improvements

If I’ve listed my house in a rush, perhaps it needs a bit more TLC to really showcase its best characteristics. I will consider spending a weekend and some money for bringing improvements that help my house make an impact.

Prefer address the most obvious issues

I’ll take a round through my house and put myself in the shoes of a prospect. Are there any visible cosmetic fixtures that need to be taken? Is the house clean enough? Does everything appear to be functional?

Enhance curb appeal

Prospective buyers start evaluating the house the minute they pull up. We only get one chance at a first impression, so a neat and clean yard, few fresh flowers, and tidy windows can create a difference.

Get feedback from buyers and agents

I’ll task my real estate broker with following up with the people who visited my home but never made an offer. I’ll get their true opinions about any negatives they noticed, and take action to address them.  

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2. Strengthen the listing

Especially when I’m unable to sell my house in a buyers market, where a limited number of buyers have their pick of numerous listings, it’s vital to make my home stand out.

Take photos

Replace non-professional photos with high-resolution real estate photography. Exceptional photos showcase my house’s exceptional features.

Add video

I will focus on adding a video walkthrough, aerial drone video, or Zillow 3D Home tour to my house listing.

Update my listing description

I will opt to review my listing description always. Am I highlighting the home’s best features?

3. Improve my marketing reach

I’ll never get prospective buyers through the door for open houses and private showings if they don’t know my house is for sale! I’ve to take another pass for marketing.

Advertise online

Make sure that in addition to being listed on the MLS, my house is also being advertised on sites like Zillow. While bundles of agents search the MLS, many buyers do their own research online, and I’ll want to make sure my house is among the listings shown.

Use digital media

I’ll promote my listing on personal digital networks, request friends and family members to spread the word, and post ads on local neighborhood pages. My real estate broker should be assisting with this task, too.

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Give it away or donate it

It’s actually easier than I might imagine gifting my house to a family member, though I should ask my accountant about tax implications. I can also give my home to charity and enjoy some sizable tax benefits. Remember, I have to own my house free and clear (no mortgage payment) to be able to take benefit of this option.

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