6 Reasons Why Homeowners Don’t Sell and Why They Should Part 1
There are a myriad of reasons why a homeowner elects not to sell their home. Whether it’s a compromised foundation, bad property location, or simply an undesirable home, many homeowners that don’t want to sell their home should consider the benefits. At Real Estate Solution Providers, we help homebuyers looking for a quick solution to selling their home. That’s right, we buy homes for cash in Raleigh, NC. In this two-part article, a professional homebuyer will discuss six reasons why homeowners elect not to sell their home and how a reliable real estate investor can assist them with these issues.
1) They Ask for Too Much
Many homeowners believe their home is worth a certain value, but that value doesn’t align with a realistic price nor was any type of market analysis performed. Although the homeowner may think that the price they are listing their home at is fair, the truth is that it’s overpriced. When homes have an unrealistic asking price, they can sit on the market for six months to over a year. Moreover, if an interested buyer makes a fair offer for an overpriced listing, the homeowner may feel offended by the low bid and shut down negotiations. When you contact a real estate investor, they will evaluate your home and make a fair, all-cash offer for the home. The final decision to sell your home is up to you.
2) They Plan on Giving the Home Away
If you have plenty of money saved away, you may want to surprise a loved one by gifting them your home. This extremely charitable act sounds great on paper, but there can be many complications with this concept. For starters, as an executor of an estate, there can be many complex laws associated with giving away estate assets. Homeowners should also consider whether or not the benefactor of the home truly wants the property. In many cases, a homebuyer works with clients that have recently inherited a home that they don’t want to keep. It may be best for a homeowner to sell their house for cash considering they can always set up a trust account for their loved one.
3) They Hate the Moving Process
Some homeowners decide not to sell their home because they don’t want to take on the moving process or wouldn’t know how to even begin this process. If you have lived in a home for a decade or two, chances are you may have so many possessions in your home that it can be overwhelming to even consider the prospect of moving. Although moving can be a hassle, many homeowners alleviate a lot of stress once they downsize and rid themselves of the clutter. When it comes to moving, it’s best to take action and speak with a homebuyer.
For more information about the reasons why homeowners don’t sell (and why they should), please read part two.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.