Selling your house would entail that you put your house on the market, you arrange for visitors to view the house, and someone makes you an offer. But to be realistic, it does not happen this way. There are some things you have to put into order before you can sell your house. For instance, you have to make some repairs and stage the home. If you ask anyone who has sold a house before, they will tell you the reality of the situation.
To make life easier, we have come up with this article to enlighten you on why your home in South Carolina is not selling as fast as you thought. Below are some of the reasons your house may be falling behind in the market:
The Market Isn’t Right
In South Carolina, the real estate trends that determine the outcome of house sales are;
If It’s The Seller’s Market Or The Buyer’s Market
A mistake first-time sellers make is putting their house for sale when there are more sellers than buyers, i.e., buyer’s market. The chances for you to sell your house quickly are higher when there are many buyers than there are houses for sale, i.e., seller’s market. It is because, in a seller’s market, they are competition among the sellers for the home, unlike in a buyer’s market where you have to compete with other buyers for a customer, which may mean your house won’t sell a fast as you want.
The Month You List Your House
In South Carolina, the best time to out your house for listing is usually in early spring, when the house is sold at the fastest possible time. It has been reported that homes sold between the end of March and early April have 5% less competition and sell more quickly by six days than other times. But, of course, this trend slows down when approaching the colder months of November and December.
So far, the best remedy for this is to be strategic with your listing. It will you avoid stagnant sales because of bad timing. So you have better chances when you enter the market in favorable circumstances.
Overpricing Your Home
This is a simple equation. The more expensive your home is, the lower the number of buyers and the fewer the offers. Another mistake that first-time sellers make is to price their homes well above the value of the houses in the neighborhood, and if the buyers see no distinguishable feature, there is a high chance they will pass over your house. Buyers recognize that buying a home is a considerable investment, and they want to get the best deal possible. Thus, an overpriced home won’t have much luck selling.
Going With a Home Buyer
You can save yourself the stress of going through a traditional home sale by selling directly to a professional South Carolina cash home buyer. You can be a first-time seller and still make a quick and profitable sale. You will be provided with a fair cash offer for your house, and the decision to accept or decline the offer is completely up to you. The most interesting part of the process is that it is absolutely free. You are in no way obligated to take the cash offer if it does not align with your expectations.
Professional homebuyers sustain these quick transactions because they use their cash. So you are certainly guaranteed to get the agreed price during closing. That is, once an agreement has been reached, you don’t have to worry about inspection, agents, or commission fees. Selling to a cash buyer is indeed a smart move you should explore when you want to sell your house.
