Keep these Pointers in Mind While Relisting Your Property
Nov 29, 2017 Home Trading Steps
Are you trying to resell your property after you couldn’t do it in the first attempt? However, in the second attempt, there are some tips that you need to keep in mind when relisting your property. Relisting a property is not considered a very attractive position for the seller. It reflects poorly on the property as it is considered that there must be something wrong with the property and therefore it couldn’t be sold in the first attempt. A situation like this raises more questions than interest.
Relisting can impact the asking price for the property. Here are some tips that can help you turn the tables in your favour.
1.Analyse:
When you plan to put your property on the market again, it is time to analyse the mistakes you made in the first attempt. This can include: asking price, damages, not very pleasing photographs, description or even unstaged property. Hiring an agent can help you a lot in this scenario.
2.Make sure that the time is right:
After you take down the property from the listing, there needs to be a certain gap before you relist your property again. Some people relist after a week while some take around three months to relist it again. The most important thing there is to know the reason why it wasn’t sold on the first attempt. If the reason was a higher price than the value than you must reconsider the price and try to relist it again in a week or two. If the reason was construction damage, then it is better to rectify the same before relisting it again.
3.Take better photographs:
One of the major reasons why you might not have been contacted by the property is the bad photographs. If the photographs are not appealing then it can put off the potential buyers. It is better to hire a professional photographer to take better pictures. Good photographs attract more buyers.
4.Price it accordingly:
There’s a thumb rule to selling the property: if you haven’t received any offer in 40 days then your property is overpriced. We all find our property very lucrative, but asking the property that is beyond its right cost can be a put off. It is better to do the market research and find out the price of property in the area and price it competitively. Hiring an agent to help in pricing the property right can be of great help.
Relisting can impact the asking price for the property. Here are some tips that can help you turn the tables in your favour.
1.Analyse:
When you plan to put your property on the market again, it is time to analyse the mistakes you made in the first attempt. This can include: asking price, damages, not very pleasing photographs, description or even unstaged property. Hiring an agent can help you a lot in this scenario.
2.Make sure that the time is right:
After you take down the property from the listing, there needs to be a certain gap before you relist your property again. Some people relist after a week while some take around three months to relist it again. The most important thing there is to know the reason why it wasn’t sold on the first attempt. If the reason was a higher price than the value than you must reconsider the price and try to relist it again in a week or two. If the reason was construction damage, then it is better to rectify the same before relisting it again.
3.Take better photographs:
One of the major reasons why you might not have been contacted by the property is the bad photographs. If the photographs are not appealing then it can put off the potential buyers. It is better to hire a professional photographer to take better pictures. Good photographs attract more buyers.
4.Price it accordingly:
There’s a thumb rule to selling the property: if you haven’t received any offer in 40 days then your property is overpriced. We all find our property very lucrative, but asking the property that is beyond its right cost can be a put off. It is better to do the market research and find out the price of property in the area and price it competitively. Hiring an agent to help in pricing the property right can be of great help.
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