There are many reasons why a property doesn’t attract a buyer. Whether it’s wrongly priced or due to the current economic landscape, if you’re considering your options, there could be solutions you haven’t considered. So, what can you do when your property won't sell?

At RJJ Developments, we regularly help homeowners who need a quick sale or other ways to make money from their property. There are different scenarios where people find themselves with an unsaleable property, especially if they have inherited someone’s home.

WHY CAN’T I SELL MY HOUSE?

In the first instance, you should talk to your estate agent to find out why there’s a lack of buyers. If they suggest minor improvements to enhance the interior or exterior, then follow their guidance. Decluttering, small repairs and improving the kerb appeal of your home could make a big difference. Consider staging and then relisting your property to help increase the number of viewings. For a fast sale, you could consider selling your home via an auction.

Sometimes people do not wish to put a ‘for sale’ board in their garden, however, this can be useful for kerbside viewers. Many people drive around areas to see what’s for sale, and without a board on display, you could be missing out on a potential buyer. However, there are reasons why people might not want a ‘for sale’ board out front.

You might not be ready to tell your neighbours that you’re moving house. You might be embarrassed to list the property on a public online marketplace like Rightmove, especially if it’s in a state of disrepair. If you have debts to consolidate, you might not have been able to keep up with home maintenance. If you have inherited a home from someone who was too frail to keep their home well-managed or up to date, the property might need modernisation.

QUICK SALE OR SWITCH TO RENTING

There are two options you could consider if you cannot sell your home or afford to repair a property to a saleable standard:

1. Sell without an estate agent – you don’t have to use an estate agent to sell your home. At RJJ Developments, we might be able to purchase your property or find a cash buyer, depending on the location and situation. We provide a discrete, fully confidential service for those looking for a fast, hassle-free way to sell their home.
2. Rent-to-rent – you could consider renting your home to a third party like us who would then rent it out on your behalf. Depending on the condition of the property, we might need to refurb and refinance before it can be let. You would then benefit from a guaranteed rental income while you figure out your options.

To conclude, if you’re struggling to sell your rental property, then talk to us about possible solutions. At RJJ Developments, we might be able to buy your home or help you refinance and rent it out until you can achieve a final sale.

If you have any questions about this article or you would like a chat, please get in touch.

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RJJ Development