At Kainaat Realtors, we want to live in a world where buying and selling a new house for sale in Lahore is easy, safe, and satisfying. You put your house on the market and hoped to sell it quickly. However, you have not gotten any offers. Also, not many people have asked to see the house. It makes you wonder: Why?
We will talk about the most common reasons for a new house for sale in Lahore for a long time. Moreover, what you can do about them.
Reasons Why a New House for Sale in Lahore is not Selling Fast
It is frustrating if your new house for sale in Lahore has been on the market for more than a month. So, do not wait any longer to make some changes. You are having trouble selling your new house for sale in Lahore. Kainaat Realtors can help you find out if one of these common problems is to blame. Then, make a quick fix to get your sale back on track.
-
A Too Expensive New House for Sale in Lahore
Kainaat Realtors makes cash offers to sellers who do not want to make repairs, upgrades or do other work to get their homes ready to sell. It helps them sell faster than a traditional sale. If a house is not selling, it is usually because of the price or the way it looks.
-
How do you know if the price you set for your home is too high?
Pricing a new house for sale in Lahore is more complicated than it looks. To guess what buyers would pay, you need to consider what similar properties have sold for. Adjust your property’s price based on how it compares to similar properties on the market.
-
Price Estimate for a New House for Sale in Lahore
You can ask Kainaat Realtors to help you with this task. Enter your home’s address and answer a few simple questions about it. We will give you an estimate quickly. But an online estimate is only a place to start. If you set the price for the house yourself, ask a real estate agent if you were too high.
80% of what we do is strategic pricing, and 20% of what we do is the presentation for marketing. As agents, we have more information at our fingertips that shows us where to aim for price.
-
Compare a New House for Sale in Lahore with Others
Another way to find your price is to pay attention to what people say to you at open houses and showings. Were they unhappy with how good the house was for the price? You can also look through local ads. If your home’s price is higher than nearby homes with better features and more upgrades, it is a sign that the problem is probably the price.
-
What is the Solution for Price Estimation?
Most of the time, the price should go down. You may think a price cut means you won’t get the expected value for a new house for sale in Lahore. But in reality, price cuts happen often and are sometimes needed to get people to buy.
-
So, how much should the price go down?
Do not be a new house for sale in Lahore whose price drops by a thousand dollars weekly. A big price cut should do the trick. If a listing gets a lot of showings yet no offers, lowering the price by 1% may attract the right buyers. Lower it by 2% to 3% if not many people look at the house.
-
You Missed the Peak of the Market.
Real estate is not as unpredictable as the stock market. However, it can change when you are not looking. Many sellers are still getting used to how the housing market is rebalancing. They expect to get multiple offers over the asking price quickly. The market is moving very slowly, so we must change our price for a new house for sale in Lahore.
How do We Fix it?
Keep up with what is happening on the market. Look at what a buyer can do now. For this reason, you can take a real-life or virtual tour of similar homes to your new house for sale in Lahore.
Through this process with a professional, sellers can get an idea of how their home compares to others and how they can make it more appealing to buyers.
Depending on how their new house for sale in Lahore compares to the others on the market, a seller may choose to fix it up or lower the price. For example, if every similar listing has a furnace less than five years old and yours is more than 12 years old, you may want to get a new one.
-
Solve the Problem with the New House for Sale in Lahore.
Even if a showing does not lead to a sale, it still gives you something important: information. Feedback is important. When your agent shows you a new house for sale in Lahore, you should ask, “What’s wrong with this house? What would have to be different for you to want to buy this house?” If more than one person gives you the same answer, fix it.
How do We Fix it?
As soon as you know there is a problem, work to fix it. If multiple buyers say your house is too dark, you can add lights, get rid of clutter, or hire someone to clean the windows. If buyers cannot picture something, like where to hang a TV in a living room with several windows or how to fit a king-sized bed in a small master bedroom, you can change your staging to show them how to do it.
You may also need to fix a flaw or make an expensive repair in your new house for sale in Lahore.
You cannot fix everything. What if your homeowners’ association fees are high? Moreover, your street gets crowded on game days with cars going to the stadium. However, price fixes everything.
-
You are Selling Your New House for Sale in Lahore to the Wrong People.
Let’s say you need to fix up your new house for sale in Lahore. The roof is old, the building materials may contain asbestos and are not in the best shape, and there is some water damage in the basement that you do not have the money to fix. Or maybe you list your home quickly at Kainaat Realtors because you need the money or a family member’s health is worse. But things aren’t going as fast as you like.
If a seller needs to sell quickly, they may find that selling off-market is better. Many buyers can be very picky about how a house looks. People would buy a home ready to move into than one that needs work. Also, 70% of millennials and 71% of Gen Xers would be willing to live in a smaller home if it does not need an update.
-
Your New House for Sale in Lahore is Different.
Unique properties, like very large, high-end, or expensive houses in unusual areas or with quirky features and styles, are not for everyone. So, it usually takes a little longer to sell them.
What can You Do?
- First, you need to be patient. If your new house for sale in Lahore is not like most others, wait for the right buyer.
- Second, think about what made you want to buy the house in the first place. There have to be other buyers out there who will agree with you.
- Moreover, ensure your marketing and advertising show the property’s unique features in a good light so the buyers who will appreciate them will be drawn to it.
- Lastly, you need to get this information to the right people. You can also post on Facebook groups, specialty websites, mailing lists, or even print publications that your buyers read.
-
Your Staging for a New House for Sale is not Working.
Showings give potential buyers a chance to get a feel for your home and imagine it as their own. That is hard to do if they keep tripping over kids’ toys in the dining room or are overwhelmed by travel trinkets bursting out of built-in bookcases.
Non-staged homes can look crowded, dark, and small. A staged new house for sale in Lahore usually sells for more money and in less time. Our research shows that staging is worth it. Of the top agents surveyed by Kainaat Realtors, 67% agree that staged homes sell for 1% to 5% more, and 83% say that staged homes sell faster.
-
Stage a New House for Sale in Lahore
Get a head start on your plan. Get rid of things you do not need and pack up family photos and other treasures to store. Now that you can see the floors, walls, shelves, and other areas, you can decide what to paint or fix.
Since you are leaving your new house for sale in Lahore, it is understandable that you do not want to fix things you have put off for years. But even small improvements can give you a big return on your money, and hiring a professional stager can do the same. With the right staging, your money is almost always doubled or tripled.
-
Kainaat Realtors’ Suggestions for House Staging
If the seller lives in the house, we would not recommend staging every single bedroom. Stage your living areas, kitchen, bathrooms, and primary suite.
Do not forget that less is better. Staging a new house for sale in Lahore is not just about putting out potpourri and a lot of other stuff. Good staging focuses on minimizing as many distractions as possible and making the most of the home’s layout and design to show off its best features.
-
Bad Advice for a New House for Sale in Lahore
You can avoid every problem on this list if you work with a local agent from Kainaat Realtors who know the area well. Your real estate agent should work with you on pricing, staging, and curb appeal for your new house for sale in Lahore. They should also be in charge of marketing and look at feedback from showings to see for any changes.
How do We Fix it?
Make sure you work with a real estate agent who knows your area or the type of home you want to sell. Advice from agents outside your area or who specialize in a different property type can be risky, even if it comes from a well-meaning friend or relative from across town or the country. Their prices can be way off. Moreover, they may not know how to show off the best parts of their homes or the areas. They usually sell but price homes too low. If you list your home with the wrong agent, you get less for it or stay in it for another six months or a year.
If you do not know where to start looking for an agent, Kainaat Realtors would be happy to provide you with qualified, top-performing agents in your area.
-
Your Front Yard of a New House for Sale in Lahore doesn’t Look Good.
Buyers won’t be able to see how great your interior is if they cannot get in or out of the car. A yard full of weeds or a run-down front stops buyers. It is hard to believe that paint, pressure washing, pine straw, and petunias can add up to thousands of dollars. However, numbers do not lie.
More than 75% of the best real estate agents licensed in the country say that a new house for sale in Lahore with good landscaping is worth between 1% and 10% more. These same agents say that improving your home’s curb appeal is often the best thing you can do to make it easier to sell.
What Can You Do about it?
Make the front garden of your new house for sale in Lahore green like the other sellers in the area. You can work with a professional landscaper or contractor or do it yourself to improve your landscaping. Get your grass a bright green color, plant a few flowers, and fix anything outside your home that is worn or broken.
Also, why not paint your door a cute color? With the right color, you can make a welcoming entrance.
It’s Possible to Sell a New House for Sale in Lahore Quickly.
It can be disheartening to see buyers pass you by and new properties come on the market and get sold in a flash.
But do not forget that it is never too late to sell a new house for sale in Lahore. Every home will find a buyer. If your plan is not working, take a break and try again. You can take your house off the market, make some changes, and put it back on the market, maybe with a different agent. Kainaat Realtors is always ready to help you.
