Are you feeling a bit uncertain about how well your home would fare on the Chicago real estate market? Or, have you already listed your home yourself or with an agent and aren’t getting the results you expected?
When the phone doesn’t ring and time passes, it can become a costly self-taught lesson to learn the reason your home may be a candidate for a direct sale. We will explore five reasons your Chicago house won’t sell using traditional methods.
One of the first reasons your Chicago house won’t sell using traditional methods is that you’ve priced it wrong. When buyers search online for home listings, they quickly become very familiar with the size and features at any given price point. Therefore, if the asking price for your home is missing the mark, it sets off alarm bells for buyers. In the past, setting a higher than market price and then negotiating with the buyers to sell just above market may have worked. Today, however, this isn’t a winning strategy because buyers will simply keep scrolling. Likewise, a home priced at below market value is often considered a bargain listing. These sellers typically receive offers below the asking price because buyers who stop and take a look have assumed hidden problems in the listing. A professional buyer like those at Sell Today Homebuyers will know what amount you should list your home for on the market and what you’d earn after paying all of your expenses. Then, we will compare this amount with the numbers used to reach our cash offer, with no commissions deducted, so you can decide what is best for your situation and that you’ll know you’re getting a fair deal.
Another of the reasons your Chicago house won’t sell using traditional methods is when the property is in a state of obvious disrepair. Unfortunately, most buyers are highly likely to continue searching listings upon noticing the issues with the house. The reasons may vary as to the lack of interest; the buyers may lack the financial means to afford the process of rehabilitating a home or are simply unwilling to do the work and spend the money and time typically involved. After all, time is money, and sellers who are being realistic must factor this into the expenses a buyer will face. Now, on the other hand, through a direct sale to a professional buyer like those from Sell Today Homebuyers, you can leave all of the concerns and risks of making repairs up to us; we buy homes in as-is condition.
Must be present to win. If you skipped costs and cut back on marketing, this is a strong reason your Chicago house won’t sell using traditional methods. Using less than the highest quality images and showing your home in less than the best light can stop buyers from opening your listing.
One reason your Chicago house won’t sell using traditional methods is that your decor and appliances are outdated. While you may still enjoy your purple paisley print and shag carpeting, buyers cannot look past such a personal stamp on the property. To sell your home for the highest potential profit, it is worth investing in new flooring, wallpaper, cabinetry, and countertops. You should also consider updating the appliances and minor updates to modernize your kitchen and bathrooms to help your property compete against other listings.
Showings provide an opportunity for buyers to walk through the home, envisioning themselves living in the house goes far towards closing a sale, which is why real estate agents place so much focus on this stage of the sale. Suppose you have skipped prepping and aren’t using the methods provided by staging to overcome a buyer’s inability to look beyond personal touches and belongings that reflect a sense of ownership in the home. Failure to prep for showings may be just the reason your Chicago house won’t sell using traditional methods. Don’t overlook the exterior and landscaping when working towards improving the curb appeal of your home. As an alternative, a direct sale to Sell Today Homebuyers means you won’t have to worry about prepping for showings and dealing with all of the hassles.
The professional buyers at Sell Today Homebuyers understand that there are many reasons a Chicago house won’t sell using traditional methods and are here to help. At Sell Today Homebuyers, our goal is to be sure you’ll feel good about the deal long after closing. The full-service team at Sell Today Homebuyers are your neighbors, who live and work here in Chicago; we care about our community and are proud of our work, improving neighborhoods one home at a time and helping homeowners just like you resolve their problems. The professional buyers at the company take the time to listen and answer any questions you may have. Contact Sell Today Homebuyers at (630) 984-0000.