Do you Live in a Slow Sale Zone?
When buying a property, there are many factors that will influence your decision. Potential buyers may consider whether the property in question will increase in value over time, but there are many more questions to ask before making a commitment. The area itself can have an effect on the speed at which your property sells, so if you are struggling to sell a home, this could perhaps be the reason. Do you live in a slow sale zone?
School Catchment Area
There are many factors that contribute to your area being a slow sale zone and one of these is not living in a school catchment area. If you do not live near a grammar school, you could find that families or young couples may not be very interested in viewing your property. Being based near a reputable school is one of the main factors that influence a property buyer who has small children, and if the school they have their heart set on is too far away, this will lower your chances of making a sale. This may mean that you don’t get as many viewings as you had hoped for, but you can turn this around by making your home more appealing to students and professionals.
If you live in an area that has a high crime rate, this could mean that you are looking at a slow sale. If your home has a higher than average crime rate, this will be a red flag for many potential buyers and it could prolong the sale process. The best way to put buyers’ minds at rest and increase the chances of a sale is to kit out your home with high quality security solutions. An alarm system, security gates and CCTV can make your home instantly more appealing and set your home apart from the other properties that are for sale in your area.
It’s not just the area that can put potential buyers off purchasing your home. The people that live nearby can also put doubts in buyers’ minds. Problem neighbors can drive down the value of your home and it is your responsibility as a seller to inform potential buyers of any disputes that have occurred. For example, if you have had disputes over land, it is essential that you put potential buyers in the picture as this directly affects the property in question. Nightmare neighbors needn’t ruin your chances of selling your property fast.