It's a frustrating feeling to have your house listed for sale but little to no serious interest from buyers. You'll likely feel stressed as you wait to sell your home before buying another, and a home that sits on the market can thoroughly delay your plans for moving. It might seem like a good idea to quickly reduce the price and have your agent reach out to colleagues to let them know about the price reduction. Doing so can certainly sell your home, but may leave a bitter taste in your mouth if your home sells for considerably less than you originally desired. Before you drop the price, here are some steps that you can take.
Deal With An Eyesore
If you look at your home impartially, you can probably tell which parts of it might be undesirable to prospective buyers. Confer with your real estate agent to identify these areas, and then take steps to deal with them. For example, if you have a bathroom that is drastically outdated, putting a bit of money into repainting the room and possibly replacing some of the fixtures can change how the room feels to people viewing the home and perhaps generate some interest. Even if you have to make changes to several areas, inside and outside, this can help renew interest in your home instead of having to drop the price.
Rework Your Online Listing
Often, a poor online real estate listing can prevent people from wanting to see the home. Browse the listing or get some friends to look at it and identify weaknesses. For example, perhaps the photos you took aren't very good, or the wording leaves a little to be desired. Rework the listing by hiring a professional to take new photos and have your real estate agent rewrite the wording to more effectively highly the strengths of the home.
Change What You're Including
Some people will shy away from making an offer on the home if various elements aren't included in the sale price. If you've indicated that things such as appliances, curtains, and other such elements aren't included in the sale, think about changing your mind to now include them. This can provide several thousands dollars of value for prospective buyers, as well as save them the effort of buying these things on their own. This simple change may be enough to change the public's perception of your listing — and help sell your home without a price reduction.