Help! My property still hasn't sold

With many properties being snapped up within days or weeks, it can be disheartening if yours stays on the market longer.

There are many reasons why a property could take longer to sell, and often there is nothing wrong with it.

For example, it may be a unique property that appeals to a smaller pool of buyers, so it will take more time to find a buyer. Similarly, it may be in a higher price bracket, which also limits the number of potential buyers.

In the current market there are properties that have received several offers, which have fallen through for a variety of reasons.

And there are properties that are quietly listed where the seller is waiting for the right offer; they may also be waiting to buy a property themselves before accepting an offer with the limited stock in the market prolonging their own search for a new home.

Then there are owners who are willing to hold out for a particular price because they do not want to sell for a loss.

However, in some cases, a property may be priced above market expectations or may need significant renovations. These factors can deter buyers and prolong the time on market.

The key to selling in a reasonable timeframe comes down to the usual factors: presentation, pricing and marketing.

At the start of the selling process, your agent will advise you on how to best present your property for sale, recommend a price based on market expectations and suggest an appropriate marketing strategy to showcase the home to potential buyers.

If you feel your home is lingering on the market, talk to your agent.

They may share more detailed feedback from prospective buyers for you to consider in regard to pricing, condition of the property or the presentation.

If this is the case, be guided by your agent. They are the experts, and they will recommend the best course of action to bring your sale to a timely resolution.