Few things are more frustrating for an investor watching your home or other commercial property sit idle on the market with no one showing interest to buy it
The first effort by most investors is to reduce the selling price of the property, but is that the right step?. A price reduction is always an option. Before you lost money from your pocket, explore some other options first. Here are the some top five things you should be consider if your property isn’t selling:
Create a Better Property Listing
The first step you need to take if your property isn’t selling is to reevaluate the advertising method. Most of the agents are using traditional methods like print advertising, hoarding and many. In today’s market some of the agents are also taking the advantages of online platforms. The quality of your online advertising make more impact on the selling your property.
Price is always important factor in the real estate; buyers are also looking for quality and facilities of the property. When you hurry to finish the property you may forgot some slight updates. This may include exterior of the property or major things like transport facilities near the property. First impression always attracts the buyer. If the exterior of the property is not attractive, a buyer’s opinion always changes before they enter into the property. The same things is applies to the interior of the property.
Get a second opinion
When you are having trouble selling, you should try to find out a second opinion. Ask someone that who you trust to walk in the property and give you some direct opinion. The color scheme, interior design or something that doesn’t match with the property.
Offer Seller Financing with Attractive Terms
Seller financing is most powerful money-making tool because:
- It allows get a lot more money from the exact same sale price.
- It allows creating multiple streams of passive income for years into the future.
- It gives many more buyer contact you to buy your property who never would have been able to obtain outside financing.
Only often the every possibility, you should consider the price reduction. Price reduction alone may not do the trick. Even though when you reduce your price, check it where it has impacted. Lowering it by a few thousand alone typically won’t do much to move the needle.
If your property isn’t selling?? Contact Urban Nexus LLP for selling your residential or commercial property in Bangalore.