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Why Do Potential Buyers Keep Saying the Selling Price of Your House is too High?
It’s frustrating when you always hear a potential buyer telling you that your house is too expensive, and it needs a lower price. The worst part is when you already asked a property assessor to come over and check the place.
You’re selling it at a reasonable price. It might be time to check other reasons why you can’t sell it, and potential buyers keep asking for a significant decrease in the selling price.
The prices of properties nearby have dropped
The current selling price of your house might be too high compared with the other properties in the neighborhood. If the features are the same, but the price is a lot higher, most people would settle for those options.
Therefore, it helps if you research the local market prices first so you can determine the appropriate price.
It could be a trick
It’s common for potential buyers to ask you to drop the price. You already prepared yourself for that possibility. However, if a buyer comes to you and tells you that you need to significantly lower the price since they found other options at a lower price, you have to be cautious.
It might be a trick to make you believe that you’re selling your place at a high price. If you have no idea how your property compares with nearby properties, you might believe this trick.
Some people are experts in haggling, and you need to prepare yourself to face them.
Your house has lots of repair issues
Sometimes, people judge the property based on what they see. They might decide that your home is too expensive if they see that there are lots of repairs and maintenance issues pending.
Although these people are not experts in putting a price tag on properties, their decision to ask for a much lower price might be reasonable
Make the house worth its price
If you feel tired of all the requests to accept a lower price on your property, perhaps it’s time that you do something about the problem. Find a way to make your house worth the amount that you’re asking. Invest in repairs and maintenance.
Repaint the walls. Remodel the bathroom or kitchen. Include furniture if anyone decides to buy the house now. Give people a reason to buy the property without asking for a significant price decrease.
If you think you’re having a hard time selling the property, you can ask for help from real estate agents. You can find experts in houses and flats for sale in Brentwood.
Tell them about the problem you’re facing with potential buyers and heed the advice, so you can finalize a transaction soon.