It is frustrating to know that even if you are offering your property at the lowest possible price, you still cannot convince people to buy it. You cannot go a lot lower than what you are offering now, or else you will barely break even. You need to understand why they decided against the purchase of the property, so you can do something about it.
No one wants to buy a property with tons of maintenance problems. Even if it is cheap, anyone who lives there could still end up spending a lot to maintain the place. If you notice some repair problems that need immediate attention, you need to deal with them; otherwise, you might not sell the property even if you keep dropping the price. You should fix the issues now and increase the price once you solve the problem.
No one knows about it
You might also need to work on your marketing strategies. It does not make sense to offer your property at a low price if no one even knows about it. Find a way to keep advertising the property through various channels until you find someone who will buy it.
The property looks old
Some people are okay about purchasing old properties, as they look vintage and cool. The problem is when they start to look scary given the dilapidated walls, broken door handles, missing roof, and other signs that the place has been around for a long time. You need to fix these issues since they could be a deal breaker for many people. You can still maintain that vintage vibe without necessarily having the place look like no one has lived there for a century.
There is nothing exciting
Some people think that the amount they spend to purchase a property is too much even if it is justified. To convince them that they are getting their money’s worth, you can throw in something else with the purchase. You can give freebies if it helps. You can offer existing furniture and appliances that are still useful, but you are willing to let go of. You might entice people to finally close the deal if they are getting more apart from the house and lot.
You need to understand the motivation of potential buyers to make the right decision before you sell your property. You can also speak to experts since they will give you the correct information on how to maximise profitability when selling or renting your property.
You can ask them about the trends in selling properties and what makes people decide to take their wallets out and buy. You can also discuss the price that you placed on your property to know if it is appropriate or not. Research about Gerald Eve’s London Knowledge and you will see that they fit the bill if you are in search of someone who can help you.
Do not rush into selling your property. If the right buyer comes along, you can expect to sell it at a profitable price.