It’s a position that no one wants to be in, but it happens. It might just be a bad time for the real estate market, or it may be that your particular home style just isn’t in demand at the moment, whatever the reason, don’t fret.
Unless you are moving because you have to (moving for a new job), you are probably in a position where you can just take it off the market and try again in a few months or a year. The chances are that the lack of a sale has nothing to do with your home and everything to do with a million other variables that just happen to not be in your favour at the moment. The good news is, you can always re-list.
What If You Have To Move?
If you are in a position, however, where you have to move and have a schedule to stick to – or perhaps you’ve already purchased your next home – you can always rent out your current property. You may not have had it in your mind to become a landlord or to start carrying real estate investments, but it’s a good way to carry multiple mortgages while still getting the bills paid.
The Next Time Around
When and if you decide to re-list (who knows, maybe you’ll love being a landlord!) it’s a good idea to look back at your original listing and see where you went wrong. How do you feel about the description, is it enticing? How are the photos? Do they capture the home well? Is the home clean and organized in the photos?
There are a few things you can do to help improve your odds the next time around, but the most important thing is waiting for a healthy market to list again.Posted by Gurpreet Ghatehora on