The Hampton Roads housing market has seen many ups and downs in the last several years. Ask anyone in the real estate industry and they’ll tell you: our bidding wars have come to an end. But if you are a seller who’s stuck on the market, these tips can help.
I’ve listened to several stories recently from our neighbors in Hampton Roads, many of them are unable to find a buyer in this housing market. Inflation is driving buyers to be pickier and no one wants to inherit expensive repairs. I can completely relate to how frustrating feeling stuck like this is for everyone involved. Every situation and home is different, but I offer these tips to sellers in this frustrating position.
If you haven’t had any showings or offers within the first 21 days of listing your property, then it may be time to evaluate your listing agent’s performance.
Ask yourself these questions:
Keep in mind that the market is changing fast, and your agent should be keeping up. If you realize that your listing agent is not, don’t hesitate to get a new one.
Remember, buyers have more options than before, and they’re starting to get picky. Give them a reason to pick your house.
Research shows that depersonalizing and properly staging your house can greatly decrease the amount of time your property is on the market.
But staging is only one way to make your house more visually appealing to home buyers.
While you could have gotten away with certain repair issues months ago, that’s no longer the case. You may need to spruce things up or finally fix those squeaky floorboards.
Investing in simple things like fresh paint or new carpet are great moves and can make all the difference to a home buyer. If you’re in the common position of needing repairs that you can’t afford, there are options available to help.
You can also consider offering additional incentives to buyers who are ultimately just looking for a sweet deal. Covering closing costs or providing a home warranty can be just the motivation a buyer needs to place an offer on your house.
Your idea of what your home is worth may be drastically different than what a buyer is willing to pay, especially in our current market.
Unfortunately, overpricing is the number one reason houses are not selling right now.
Your ideal buyer is considering many factors when deciding what they are willing to offer you for your home. Details like location, schools, comparable recent sales, updates, and the overall condition of your home can have a big impact on your listing price.
This is where your attention to detail will pay off and can also boost your efforts in promoting your listing.
Take the time to write a compelling property description and highlight the unique features that your home and community offers. This will connect buyers to the places and amenities they can enjoy along with their new house.
When you count the cost of maintaining and promoting a stale listing to picky home buyers in these times, it can be easy to lose hope.
If you need to make a move fast, it might be time to consider working with a fast cash home buyer who has the resources to buy your house in its current condition without the need for repairs or multiple showings.
In as little as 2 weeks, you could sell your house for a fair price and walk away with cash in your pocket.
Now, our mission at Integrity Cash Home Buyers is to help our neighbors throughout Norfolk, Virginia Beach, Portsmouth, Newport News, Williamsburg, and surrounding cities do this with integrity.
We help homeowners sell their houses fast so they can release the stress of feeling stuck and move forward.
Unlike other cash buyers in our area, Hampton Roads is our home. Our family has been committed to serving Tidewater for over ten years by providing solutions to everyday real estate burdens.
For some of you reading this article, you may be looking at your buyer. Let me make you a fair offer and see if we can help you make that move. Give me a call at 757-276-3322.
We’re a local, family-owned business that buys houses for cash in Virginia Beach and Hampton Roads.We only make fast, fair offers—with no hidden fees and no commissions—so you can sell your house, release the stress, and move forward with integrity. Call us at (757) 276-3322 or visit our website.