What do I do when my home won’t sell?

If a home is taking a long time to sell, it might be time to make some changes to the price, campaign, or the home itself.

1. Refresh the look

Putting in the effort to furnish, style and get your home ready to sell can be the difference between a quick sale and months of waiting with no offers. If your home is looking tired, a fresh coat of paint and rented furniture can make a big impact. A clean home is more likely to attract potential buyers, so if your home is full of clutter, either throw it out or put that fishing gear and as many of the kids’ toys as you can in storage until you move.

2. Review the price

Dropping the price isn’t necessarily the answer, but neither is being stubborn. If after numerous conversations with your real estate agent and valuations from at least two other operators your price still isn’t right, perhaps it’s time to get back to the drawing board and master the art of pricing your home to sell. Being fixed on a number won’t sell your property; being willing to move within a reasonable price range will.

3. Take it off the market

Although it sounds counterintuitive, removing your listing for a few months can help. If your house or apartment has been displayed for months and not sold, buyers may begin to think there is something wrong with it. It takes most people at least a few months to view and find a property they like, so taking your property off the market and refreshing the interior or re-evaluating the asking price means you’ll arrive back on the housing market with a new look – and a new set of prospective customers.

4. Try a new agent

Like any relationship, the connection and understanding between you and your real estate agent can affect how quickly your property moves. If it’s not working out, consider finding a new agent to restart the campaign.

5. Think about renting

After you’ve spruced up a room or two, moved the price and had a chat with your agent, you might want to consider renting out your property. You may not recoup as much as your mortgage, but at least you’ll get to move on. While this option won’t suit everyone, renting the property can be better than an empty house sitting on the market draining funds.

This article was originally published by domain.com.au written by Daniel Butkovich