Have you tried listing your house without luck? It happens to people all the time. Learn why your property isn’t selling in Chicago in our latest post!
There are many things that can cause a single-family home or multi-family property to not sell on the MLS. Whether the house is old and ugly or new and shiny, dealing with any of the situations listed below can cause your property to not sell. What people should know is that not every house is going to do well and sell quickly on the MLS. Some won’t be photographed well, some will be faced with too much competition, and others won’t be priced according to the current market conditions. Keep reading to learn more about things that may be causing your house to not sell in Chicago and what you can do about it.
In some cases, real estate agents can lure you in by recommending a high listing price, only to leave you stuck with the house, and back at square one, months down the road. Often times you will find yourself having to lower the price just to get more people in the door. When people see you cutting the price, they may assume something is wrong with the home, forcing you to take the property off the market while you revaluate your strategy. If you decide to list your house with a Chicago real estate agent/broker, do your homework to ensure that what you are asking coincides with what other comparable houses are going for in the area.
Is there a plethora of houses similar to yours on the market? When there are lots of similar homes sitting on the market, it can be difficult to get attention. You may have to pay for additional marketing in order to have your property featured and shown in its best light. In some cases, you may want to make an improvement or add a new feature to the house to make it stand out. If you are not willing to invest the cash to improve your property, you may be waiting around for a buyer for longer than you’d like.
Not everyone is in the market for a fixer-upper or rehab project. A house that needs work isn’t going to get the same levels of attention as a turn-key property will. If you want to sell a property that needs repairs or upgrades, a direct sale will likely be the better way for you to sell. You’ll be able to avoid the repair costs and you will be able to get your property in front of more people who will have an interest in it.
You Have Tenants
Trying to sell a house in the Chicago area when you have tenants can feel nearly impossible. Unless your tenants had planned on moving anyhow, they may not be too thrilled with the prospect of having to pick up and move. As such, requesting the house be kept clean and that property viewings be accommodated, may prove difficult to do.
Bad neighbors can be a huge hindrance when listing your house with a Chicago real estate agent. If someone wants to come to see your property, but they’re greeted by a messy yard next door, loud music, or rude people, they are much less likely to consider your house as an option. Take a look at the properties around yours. If you were looking for a new home, what would your impression of the area be?
When a property sits on the MLS for a while, it begins to lose its appeal. As it moves lower and lower down the list of homes for sale, fewer people are going to see it. Even people who have noticed it for a while will begin to lose interest after seeing it sitting there for so long. If your house has been sitting on the MLS for a long time, and your Chicago property listing is about to expire, you may want to consider working with a professional home buyer such as Global Abundance LLC who will be able to provide you with a fair selling solution right away.
There are many reasons why your house in Chicago isn’t selling. The fact is, not every house is cut out for the MLS. Listing a house in Chicago comes with no guarantees, so once your property is up on the MLS, it may be there for a while. You may even have to lower the price in order to attract more buyers. Some property photos don’t look well, while others blend into the pack. No matter what is stopping your house from selling, we can offer a solution. With a direct sale to Global Abundance LLC, you can receive a fair price and a fast closing. You won’t have to worry about any more repairs or deal with property showings. With us, the process is fast, fair, and straightforward!