Most people think that working with a real estate agent is the only way to sell their home. While this is the method that most homeowners use, it’s far from the only method. Some sellers will work with a real estate agent and never experience any issues.
Others will inevitably encounter one problem after another, and not even the best real estate agents will be able to resolve them. Thankfully, all of these problems have solutions – as long as you’re willing to think outside the box and switch up your strategy.
1. The Property Is Outdated
You may have appreciated the nostalgic charm of your home and never felt the need to modernize it. Maybe you inherited the property from someone older who didn’t have the time or budget for renovations. Whatever the case may be, the average buyer’s tastes don’t usually favor homes that have been left largely untouched for a few decades.
Your real estate agent may suggest that you update your home before you list it. If you’re having a hard time selling, that suggestion may come later on. If you have the funds to update your home, you might find that it sells quicker, though it’s worth nothing that not all renovations will actually add value to your home.
If you can’t or don’t want to make these changes, you can always look for a buyer that doesn’t mind your home in its current state. A real estate agent may not be able to help you find that buyer, but it’s surprisingly easy to take into your own hands when you know where to look.
2. The Property Needs Repairs
If your home needs repairs, this is likely something you knew before you listed it. It may have even influenced your decision to sell your home in the first place.
If you don’t have the time or money to make these major repairs, you’re most likely trying to sell your home as-is.
Most traditional buyers would rather not move into a home that needs work, but there are unconventional buyers who specifically seek homes that need some extra care.
3. The Market is in Bad Shape
There isn’t much that a single person can do to turn the housing market around. This is something that happens with a lot of slow changes over time. If the market is in poor health and you’d still like to sell your home the traditional way, you’ll have no option but to wait it out.
If you’re willing to stray from the beaten path, there are buyers who don’t particularly care about the state of the market. They’re willing to invest in your home and wait it out without you.
4. The House is in a Bad Neighborhood
The neighborhood may have been lovely when you first purchased your home, but no one can see ten years into the future. If the neighborhood simply isn’t what it used to be, you can’t encourage everyone else to move out and fix their properties. Waiting for things to get better could take an eternity, and there’s nothing worse than waiting for a day that never comes.
Believe it or not, there’s always someone who would be willing to live in your neighborhood. This person may not be easy to find, and they may not even be looking for a home in the moment. One of the easiest workarounds is to sell your home to someone who is willing to hold onto it for a while and locate that buyer when the time comes.
5. The Listing Expires
There are many factors that can lead to the expiration of your listing. Sometimes, new or inexperienced real estate agents can’t deliver on their promises to locate a buyer before the end of your contract together. It could be because buyers deem your home undesirable for whatever reason, or that the market doesn’t favor your kind of property.
If your listing expires once without any promising leads, there’s a good chance your listing is going to expire again. You can try relisting or working with a new agent, but there’s no telling how long that process will be. As an alternative route, you can forego the listing process and sell to a private buyer.
6. The Seller Can’t Wait Any Longer
Certain market conditions can lead to slow moving properties. Even in a great market, it’s not unusual for homes to take as long as 90 days to sell. Sellers who are looking to get out quickly, either for a relocation or pressing financial circumstances, may feel as though the deck is stacked against them.
Private buyers are a promising solution to this dilemma. Most of them want to buy quickly, and many of them are even willing to handle all of the necessary paperwork. You can go on and live your life when you leave the hard work up to these kinds of buyers.
7. The Buyer Falls Through
If you’ve had a buyer fall through on you, you understand what a headache that can be. You believe your home is sold, but the buyer can’t get approved for the loan they need to purchase it.
This situation won’t change – the only thing you can do is find a new buyer and start the process all over again. If you had a difficult time finding the first buyer, the prospect of restarting the process can feel disheartening.
If you can locate a buyer who is willing to pay in cash, you won’t have to worry about loan approval. The buyer will have all of the money up front, making it easy to sell your property and expedite the closing process.
How to Make the System Work For You
It might seem impossible to locate the perfect buyer that happens to be the solution to all of your problems, but these buyers do exist. Many sellers find the perfect candidate in home investment companies. Home investors buy homes located anywhere, in any market, in any condition. They always purchase homes in cash, so they’re able to usher you through the process quickly.
If you’re looking to put an end to the issues you’ve experienced selling your home, Home Buyers USA may be able to help you. By contacting us with details about your property, you’re jump-starting the fast track to the sale of your home. We’re always available to answer any questions you may have about the home investment process. Call us when you need, and we’ll be able to help you resolve your troubles in no time.