There’s nothing more frustrating than having a neighbour put up a ‘for sale’ sign outside their house before you do. Except, of course, when more than one neighbour also beats you to the punch. After all, too many people selling a property on the street can be extremely problematic for those hoping for a quick and fruitful sale – and could ultimately mean that you’re in for a rather unpleasant few months. With this in mind, here is why too many houses for sale on one road can cause issues for vendors.
Why are so many people interested in selling up? This will surely be the question on the mind of buyers, who’ll no doubt be worried that there’s something fishy going on in the area. Perhaps there’s excessive crime, copious noise or a neighbour from hell who’s scaring people away? Unfortunately, it’s unlikely you’ll get the chance to set people straight because they will already be put off the area.
It can be tiring to be in competition with a neighbour when selling your property. To ensure that you attract equal – or more – interest from buyers you’ll have to go toe-to-toe when it comes to making your home look desirable. This might mean making aesthetic changes to the interior and exterior that you were hoping to avoid.
You could be in for a cold dose of reality when it comes to the law of supply and demand. After all, when a buyer has two options to choose from the ball is in their court when it comes to offers. You could find that you’re being pushed down on the price because your neighbours are happy to slash money off their homes. This means that a low-ball offer becomes uncomfortably likely.
There’s another solution….
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