Selling your home can be stressful. Not only are there a lot of variables in the business, but there are plenty of potential difficulties too. Sometimes, when your circumstances aren’t optimal, it may be time to take your house off the market. Here are a few reasons why you should consider making such a change.
- Your property doesn’t compare. When you first bought your house, it may have been top-of-the-line. However as the years—maybe even decades—have gone by, your home may have stayed the same. Now, its ‘90s appliances or ‘70s pink shag carpet may not hold up in comparisons to other properties on the market. Consider withdrawing your home from listings and giving it some TLC. New stainless steel appliances or retiled floors could be just the thing to put your house over the edge in the market.
- The bids are unsuitable. You may have one of the nicest houses in the area, but sometimes people might not give you offers worthy of your home’s value. If you want to ensure that you sell your property for what it’s worth—and can’t deal with a loss—consider taking your house off the market.
- You can’t depend on your team. Whether it’s your contractor, spouse or partner, or real estate agent, your teammates may not be pulling their fair share of the weight. If discussing the predicament with them doesn’t work out, you may need to take precautions to avoid a sticky situation turning into an eternal selling process. Consider removing your house from the market and re-grouping once you have the right people on your side.
- It’s the wrong time of year. If you’re trying to sell your house in the middle of winter, you may find that you aren’t doing too well. Make sure that you follow established trends, putting your house up when it has more potential to sell. Buyers tend to go house-hunting in the summer. In fact, there’s a specific time frame where they are more statistically likely to purchase a home: the first couple of weeks in May. Adjust your listing accordingly.
- The math isn’t in your favor. Maybe your home is retailing for less than you thought, and you won’t be able to afford a new place. Maybe the cost of repairs will force you to take a loss. Or maybe you no longer have the income you need coming in to make this entire process sustainable. There’s no shame in realizing that it’s time to take your house off the market. In the long run, it’s smarter to prioritize your personal abilities over your pride.
- You’re stuck in domestic limbo. When you’re waiting for your home to sell, you may have to clear out of the property on a regular basis. This could include leaving for the afternoon as an agent shows potential buyers around or it could mean that you’ve had to relocate to a hotel or apartment. Spending rent and mortgage payments as your house remains unsold could make your real estate venture financially unsustainable. If this is the case, you’ll use up a portion of your budget on temporary fixes, which could disrupt your long-term housing plans.
Every seller encounters a different situation when it comes to putting his or her house up for purchase. If you keep in mind these reasons why it’s time to take your house off the market, you’re setting yourself up for long-term success—and avoiding long nights that keep you worrying about how to sell your property.
If you’re looking for the right Realtor for the job, Ryan Roberts can help you find or sell a great home in Auburn or Opelika. Call him at 334-750-9872 or email him at [email protected] to get started!