What to do When a Home Sale Falls Through
Filed under: Real Estate
Are you tired of the ups and downs of selling a home? It can be frustrating to connect with a potential buyer, only to have the sale fall through before the closing date. Don’t be discouraged though, because there are a few strategies that we can use to turn things around quickly:
Why Did the Home Sale Fall Though?
The first step is to evaluate the reason that the sale didn’t happen. Some situations are outside of your control, such as buyers who are unable to secure the financing that was needed to close the deal.
In other situations, you might be able to influence the sale. So, you need to talk to your real estate agent to see if there is anything that you can do to improve the property so that it is ready to sell.
Improve Your Property
Are there things that you can do to increase the quality and value of the home? For example, if the buyers backed out because of problems that were discovered during the inspection, then you might consider investing some money to fix the problem. You don’t want to take the risk of the next home buyer backing out because of the same issue.
Before you start spending money on home improvement projects, make sure that you talk to your real estate agent to look at comparable properties in the area. This research can help you determine if the renovations will be worth the investment.
Hire the Right Real Estate Agent
If you want fast and effective results when selling your home, then you need to be sure that you are working with an experienced real estate team. The right real estate agent will be able to step in to make suggestions about how you can improve the listing to boost the value of the property and find home buyers.
Just because a sale fell through, doesn’t mean that you need to take your home off the market. Instead, we invite you to talk to our team so that we can help you with the right marketing strategies to close the sale so that you can move. For more information, contact Lloyd Mize at Harvest Team Real Estate at (951) 551-1677
