At Sotheby’s Scottsdale, it’s not unusual for the luxury homes I list to be on the market a little longer due to the them being higher priced. However, as a seller, if you’re needing to move ASAP, time is not on your side. But there are a few things you can do if your house isn’t selling.
Be creative. Think of small upgrades you can make to make your home more desirable from the outside and inside.
At Sotheby’s Scottsdale, I know room additions can prove to be popular among buyers if you have the time for the construction
SLASH THE PRICE
Reducing the price of your home is obviously a personal decision. But if you’re desperate to sell, you might want to consider slashing the price. By doing this, if a buyer comes along, you’ll save money on additional mortgage payments and even HOA fees.
RENT IT OUT
It’s probably not your first choice, but if you’re needing cash, renting your home might be the best option. At Sotheby’s Scottsdale, I know that a home in good condition will rent fast, as long as the monthly rent isn’t out of reason.
You need to think about if you want to be a landlord. If not, you’ll need to pay a property management company.
Keep in mind, there’s always the risk that tenants could trash or damage your house, making it even more difficult to sell once they move out. You might be able to get more money renting it out furnished.
I know at Sotheby’s Scottsdale, there are some things out of a seller’s control. If a house or condo sits next to a trash dumpster or maybe is under a flight path or next to a freeway, there’s not much you can do. For a noise problem, you can try installing extra-soundproofed windows but that might not block out all of the noise.
Lowering the price might help. But ultimately, if a buyer can’t live with these defects, there isn’t a lot you can do.
Moving but continuing to try and sell your house is definitely another option at Sotheby’s Scottsdale. While it’s probably not at the top of your list, it’s doable if you have someone looking after your home so it’s kept up for when potential buyers walk through. The problem is, if your home didn’t sell before, it’s probably going to be tougher to sell when it’s vacant.