The number one goal for every savvy property investor would be to sell your property and make a profit. What happens when your property has been on the market for awhile?
We speak with real estate agents, property photographers and property stylists to gather their opinions on why your property might not be selling, and how you can improve the chances of a sale.
Just Think Real Estate’s licensee in charge Edwin Almeida told Property Observer the main reason for properties that are not selling is a price expectation that is “way too high”.
“The mainstream media are talking up the property market. They’re saying the market has been hot, so expectations are very high at the moment,” he said.
In addition to unrealistic expectations, another reason for unsuccessful sales could be a property’s underlying issues, such as contamination or defects.
“For example, for an old weatherboard home there could be asbestos issues – there would be very little value in the building; the value’s more on the land and reflected in the price.
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