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5 Tips To Help You Relist Your Home

When looking to sell your home, it is important to make sure that you do everything you can to help your home sell fast and for a good price. You will need to select the right price, have made the correct renovations, put your home on the market at the right time, and advertise well. Homes that are purchased soon after they are listed are going to sell for a better price. The longer a home is listed, the harder it is to sell. Homebuyers are going to be wondering why your home has not sold. Is there something wrong with it? Is it overpriced? There is a plethora of advice to be found when it comes to what you can do to make your home sell when it is first listed. But what happens if your home does not sell? Is it too late? Or are there things that you can still do to sell your home for the price that you desire? Here are 4 tips to help you relist your home that should help your home sell the next time around.

  1. Change the price: Home sellers are more prone to overprice their home than to under price it.

    When determining what price to set your home, make sure you are using factual resources to help provide you with the right price. Research the price of the homes that have been selling in your area. You want to find a similar house, in a similar neighborhood. Determine when that home was sold and how long it took for that home to sell. You will want a home that was sold fast and sold recently. Then base the price of your home similarly to that home.

    If you followed that guidance when originally pricing your home, then you still need to change the price of the home. When relisting a home, a small price change can make a massive difference. People looking to purchase a home typically go online and search for homes listed based off of the price, location, and other factors. If your home was previously priced at $310,000, changing the price to $299,900 could open doors. Now, people who are looking for a home between $250,000 to $300,000 are going to have your home pop up on their search engine. It will alter the field of buyers you have looking at your home.

  2. Change your marketing strategy: If you are trying to sell the home on your own, you are going to have to be very diligent in making sure your home is getting a sufficient amount of marketing in a quality manner. You may have a great home, with a great price, but if other people do not know that your home is on the market, then your home is not going to have near the amount of interested buyers as it should. Consider using a professional to help you in this process. They have marketing strategies that will ensure your home is fully exposed.

    Have new pictures taken as part of your marketing strategy. You need to have new pictures posted of your home and you need the pictures to be of good quality. Having new pictures taken is important because you do not want buyers to see one previous picture, remember it, and decide your home is not worth looking at a second time. Then you also want good quality pictures because as the saying goes, “A picture is worth 1,000 words.” By having less quality pictures, the worth of that picture decreases. For good quality pictures, make sure to hire a professional photographer. They should have previous experience taking picture of homes. Look at their portfolio. The pictures they have taken should make homes look spacious and bright. There should be no pictures that are unattractive and that would cause you to not want to purchase a home. They should display pictures that demonstrate that they care about displaying the best aspects of a home.

  3. Improve the condition of the home: As buyers are looking at multiple homes a day, your home needs to stick out in their memory. Make sure that you rearrange the house to make it feel spacious, clean the home to make it feel newer, and take out your personal possessions to make it feel move in ready.

    If you have additional money to spend, consider redecorating your home in a way that will attract more buyers. Have your real estate agent help you in knowing what is going to attract the most amount of buyers. The home has to stand out.

  4. Provide good terms: The price of the home is the largest agreement made when purchasing a home. If a homebuyer agrees to the price, typically they are going to go through with purchasing the home. However, there are times where the secondary terms are what cause a homebuyer to walk away from purchasing a home. If a home seller does not agree to a home inspection or the settlement terms are only in favor of the seller, a buyer may not want to purchase your home.
  5. Sell your neighborhood: If the neighborhood your home is located in has a high crime rate, low quality education systems, and a lack of fun amenities, it will be harder for you to sell your home to a family. Unfortunately, problems in selling that are caused by your home being in a poor location cannot be changed. If you have time to delay when you sell your home, fight to better your neighborhood. Join organizations, raise awareness, and help make a better neighborhood. If you don’t have time, you will have to work hard at selling the good aspects of your neighborhood and provide resources to overcome the bad aspects of the neighborhood.

When you take your home off of the market, relisting it is not an easy process. You cannot take your home off the market, not make any changes, put it back on the market, and expect different results. It is important to go through each of these tips and make the changes necessary to improve your chances the second time around.

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