Are you struggling to sell your house in Port-Elizabeth? If your property has been on the market for a while, it’s time to reassess your strategy. In this article, we’ll explore common issues that might be holding you back and provide expert tips on how to overcome them.
Is Your Asking Price Correct?
One of the biggest mistakes sellers make is setting their asking price too high. This can scare off potential buyers or lead to lowball offers. To avoid this, consider seeking the help of a professional agent who can help you set a competitive price based on local market trends.
How to Tell if Your Property is Overpriced
- The home is priced well above neighboring properties for sale
- Buyer interest is very low, even on show days
- Despite months of marketing, all offers are below the asking price
- Properties in the neighborhood are selling quickly, while yours isn’t
Remarketing a Previously Overpriced Home
If your property has been on the market for a while, it’s time to start fresh. Here are our top tips:
- Plan a fresh start with new photos and a new listing
- Don’t make the same mistake twice – get a revised set of valuations done
- Be transparent with buyers about previous price reductions
- Enhance your property’s appeal with staging and minor repairs
- Consider professional photography to showcase your home in its best light
Sole Mandates: The Best Option for Sellers
Granting an exclusive mandate to a real estate agency can be a game-changer. Here’s why:
- Fresh exposure yields optimal results
- Exclusive mandates maximize agents’ efforts
- Strategic and effective marketing is crucial
- Area specialists provide valuable insights and guidance
- The duration of a sole mandate can vary depending on your needs
Cancelling a Sole Mandate
If you need to cancel your sole mandate, do so strategically to avoid market confusion. Review the terms of your mandate agreement and communicate with your agent to ensure a smooth transition.
Conclusion
Selling a home that has been on the market for a long time can be challenging, but it’s not impossible. By reevaluating your pricing strategy, enhancing your home’s appeal, and expanding your marketing efforts, you can increase your chances of selling your home successfully in Port-Elizabeth. Contact us today to learn more about how we can help you achieve your goals.
