When trying to sell your home, a house that sits on the market for too long will only end up working against you. In our latest post, we will help you learn how to sell quickly, avoiding a dreaded stagnant listing.
When a house sits on the MLS of weeks or months at a time, the odds of it selling decrease astronomically. It will drop down the list of available properties, getting viewed by more and more people. When it sits stagnantly for a period of time, people will begin to assume there is something wrong with it. Even if it is great shape, properties that stay on the MLS for a long time often become overlooked. On the MLS and listing sites such as Zillow, prospective buyers can easily see price changes and how long it has been on the market. Repeatedly dropping your price can make you appear desperate, making people feel as if they can offer a low price and you will accept. Below, we offer some insight as to why your house isn’t selling and what you can do about it.
Why It’s Not Selling
Priced Too High
If a home is priced too high initially, people will pass on by. The listing will slowly make it’s way down the list so even if you drop the price to something more reasonable, you won’t have as many prospective buyers seeing the listing.
Bad Photos or Description
Any aspect of a bad listing or advertisement will make people look the other way. Quite often, you will see a listing with bad or limited photos. In order to have a successful listing, you should take the time to clean the clutter out of the house. Make sure there is a lot of light in the photos and even opt to bring in a professional when needed. Paying a little upfront will make a big difference in how your listing is received. You should also make sure the ad copy is on point. HIghlight the positive features and amenities of the house, being sure not to leave anything out.
Dark and Dreary
When people come to view the house, they shouldn’t feel as if they are in a cave. Open all the curtains and let in as much light as possible. Your prospective buyers will feel more comfortable in an open space as opposed to a confined and dark area.
Major Repairs Required
Many lenders won’t grant loans for people to buy properties in need of major repairs. If your property is run-down or needs a good amount of cosmetic work, a direct sale might be a more realistic way for you to go.
What A Stagnant Listing Is Costing You
The longer your listing sits idly, the more the house ends up costing you. You will be sinking money into the house for the continued expenses such as utility bills, homeowners insurance, and property taxes. You will also have to consider the time and money you put into the house getting it ready for the MLS, sometimes all for naught.
What You Can Do About It
Avoid The MLS Altogether
Many people in Lafayette, California and across the country are opting to sell their homes to buyers directly. The process will free them from commissions, repair costs, and not knowing when the house will sell. At 247Homebuyers.com, we are a team of direct buyers who can make an offer on your house almost immediately. There is never any obligation. If you have tried to sell in the past without any luck, or if you simply want to sell without any cost or waiting, a direct sale is an option you should seriously consider.
If you decide to relist the property, you may decide to do things differently the second (or third) time around. If you are going to do it, do it right. Make the investment in a professional photographer or videographer. Pay the costs for the featured and upgraded online listing options. Do whatever you can to quickly get your house in front of as many people as possible.
Set The Price Right From Day One
Nothing can destroy a great listing faster than an unrealistic price. People will immediately assume the house is out of their league or that you don’t know what you are doing. Either way, your listing won’t be taken seriously. By pricing it right from the start, you will have a better chance of attracting prospective buyers and selling the house in as little time as possible.
Do you have a house you want to sell in the Lafayette, California area? Whether or not you have tried to list the home in the past, we can help you avoid the waiting, hassles, and costs of a traditional MLS listing. Find out what a direct sale can mean for you! We always make fair and honest offers for Lafayette, California houses!
Want to sell your house in Lafayette, California without the fear of a stagnant listing? We can help you! Contact us today for more information!
Here are some interesting facts about Lafayette, California
Lafayette, California, in Contra Costa County, is 3 miles SW of Walnut Creek, California (center to center) and 10 miles NE of Oakland, California. Surrounded by the Oakland metro area, the city is not isolated.
The Indians of the Saclan tribe of the indigenous Bay Miwok as well some Ohlone Indians were among the first settlers in this region. In the late 1700s, Catholic missions were founded in the region. This foreign invasion led to strife and many years of discord between the Spanish and the Saclan. The area was colonized by the Spanish in 1797 after a battle between the two. The current region of Lafayette was originally a part of a land grant, Rancho Acalanes, which was bought by the American settler Elam Brown in 1848. Benjamin Shreve, the owner of a roadside hotel-general store, applied for a permit to establish a post office in the year 1857 under the name “Centerville,” however this name was already in existence; Instead he requested the name ‘La Fayette,’ after a French hero of the American Revolution. By 1890, the name had been modified to “Lafayette.”
Lafayette and Nearby Attractions
- Lafayette Branch Contra Costa County Library.
- Lafayette Town Hall.
- Brookwood Reservoir.
- Lafayette Cemetery.
- Brook Street Park.
Things To Do In Lafayette
The stunning city of Lafayette has a county library, a town hall and a cemetery which offers a great opportunity to discover the history of the area. There are three reservoirs: the Brookwood Reservoir, the Leland Reservoir and the Lafayette Reservoir. There’s also Lafayette Creek and Grizzly Creek, where one can go for fishing, boating and picnicking. Visitors can also picnic with family and friends at any of the parks around the city which have shaded picnic tables, benches and drinking fountains for the benefit of the visitors. The city has 16 miles of hiking trails and is also host to the very popular Lafayette Art & Wine Festival.
The local airport is Metropolitan Oakland International Airport.
Lafayette Higher Education
Diablo Valley College is the local college.