If you’ve put your home on the market but haven’t had any interest, then it’s time to ask yourself why buyers are ignoring you. Here are five possible reasons.
Winter is known as the slowest time of year for selling property and summer is only slightly better. Spring is the best time for home sales, followed by autumn. If you’re in a particular hurry to sell during either winter or summer then you may have to adopt a more assertive attitude towards chasing a sale, such as by compromising on price.
It’s a sad fact of life that some estate agents will deliberately overstate the value of a property in order to receive the instruction to sell it. They do this knowing that once the seller is locked into a long-term contract with them, they may have little choice but to go along with the estate agent’s advice to revise the asking price, especially if they are in a hurry to sell. If you went with the estate agent who gave you the highest valuation, then there is a distinct possibility this is the issue, particularly if their valuation was significantly higher than the others.
It may sound harsh, but from the moment you put your house on the market, you need to stop thinking about it as your home and simply think of it as your property. It has ceased to be the centre of your family life and has just become an asset for which you wish to achieve the best price. You need to depersonalise it in your mind and you need to depersonalise your property.
Instead of thinking about how to add character to it to make it your own, take your cue from luxury hotels, which are always immaculately-maintained, inside and out, and typically use high-quality neutral decor so that nobody’s taste is likely to be offended. They may have art pieces or other ornaments on display, but there will be no clutter and certainly no smell. That’s the sort of look for which you need to aim.
Your home’s presentation may be immaculate, but unless that is reflected in the marketing, the chances are, buyers will ignore it. Look at your property’s listings on the major portals and see your house as others see it.
Be aware that if the thumbnail image on the listing looks anything less than perfection, there’s a very good chance that viewers are just going to keep scrolling. If they do click on the link, then in all likelihood, they’ll browse the photos quickly before deciding whether it’s worth their time to look at the floor plan and description, so your images need to sell your home and there need to be plenty of them.
Modern buyers are used to being able to see just about every part of a home in a property listing so if your home only has a few images then, no matter how good they are, you’re at high risk of having the browser move on elsewhere. The floorplan and description are generally the last two breadcrumbs on the path towards an initial viewing, so again, if they’re below par then you could still lose your potential viewer.
Generally speaking, when people contact an estate agent to arrange to view a property, they want to see it as quickly as possible. Even if you’re having an estate agent conduct viewings for you, they will usually have to confirm times with you (unless you’ve already vacated the property and advised them they can take clients there at any time). If you’re unable to accommodate these viewing requests at short notice then there’s a very high risk that the potential buyers will simply go and look at somewhere else which is available.
If you’re delaying viewings because you’re having problems keeping your house in the sort of condition it needs to be to have its best chance of selling (see our comments on presentation above), then you need to take a step back, identify what the exact issue is and deal with it. For example, if you’re trying to balance keeping children in their normal routine, with keeping a house pristine for potential buyers, then you could try investing in some attractive closed-storage pieces into which children’s toys can simply be dumped, out of sight and out of mind, at a moment’s notice.
If you found this article useful and you are considering selling your Manchester property then please contact our local area experts at Indlu who are more than happy to answer any questions you may have. Alternatively, why not use our free online valuation tool to see how much your property is worth!