When using traditional selling methods to sell your house, the chances are high that it may stay on the market longer depending on its condition and real estate market trends. Are you unsure what caused the delay in getting a potential buyer? There could be many reasons the house isn’t selling. Below are some of the top factors that keep your home in Oklahoma City on the market.
Setting a fair price is critical to attracting buyers to enquire about your property. If you have not priced your house right, it’s likely to stay on the market for a long time. Most sellers assume a high value for their homes and make the mistake of fixing an unreasonable price, which turns off the buyers’ interest. A house that stays on the market for over a month will have reduced chances of getting the right offer.
Being Too Rigid
Typically, a buyer expects to negotiate the price back-and-forth, lowering it below the listing price. If you are too stubborn about the asking price, the buyers may not show any interest in your property. Consequently, the house will have a higher DOM, with few buyers approaching you with an offer.
Poor or Outdated Condition
Although you can list a home that needs a lot of repairs and renovations, most buyers look for properties that are in good condition. Your house may remain on the market longer if you have listed an outdated home.
If you have a house in poor condition, you can consider selling it to a cash home buyer in Oklahoma City for a quick closing.
Sometimes, a creditor-mandated appraisal may show a low valuation on the house. The potential buyer will request you to reduce the asking price in such cases. If you don’t reduce the price or are unwilling to do any upgrades to enhance the house’s value, you may find it challenging to sell it.
You can avoid the hassle of an appraisal and sell a house fast in Oklahoma City by opting for cash home sales. Reach out to Bricktown Home Buyers if you need an immediate quote for your home.
Some houses do not sell because they are located in remote or unsafe neighborhoods. Most buyers prefer homes closer to amenities like stores, schools, gas stations, and recreation centers. If your home is not well connected to facilities, you may consider trying non-conventional selling options like cash home buying.