Are you considering placing your apartment building or multi-family home on the American real estate market, or perhaps it is already on the market, but you have not yet received an offer? Continue reading to learn about the most common reasons residential properties remain unsold and all the precautions you can take as a property owner to ensure you do not fall victim. 

The Property is Overpriced

This one is quite obvious. The overvaluation of a property or other piece of real estate is the most common cause of its prolonged presence on the market. Always remember, an investor may still be interested in acquiring the residential property even if it is marketed badly with poor execution, provided that the property price is reasonable and the statistics make sense.

Problem with the “Title”

Here the “title” does not refer to the endearing moniker you may have bestowed on your residential property, such as Paradise Palms, MasterGlory, or White Cottage; instead, the paper itself is what demonstrates ownership of the property. One of the reasons a property won’t sell is tribulation with the title, making potential purchasers cautious. The following are some examples:

• Transfer of property without a documented deed.
• Paid off mortgage recorded as a lawful lien on the property.
• A mechanic’s lien was filed for work done by a subcontractor.

It’s the Agent, Not the Property

There are times when nothing is wrong with the property (priced right, well-maintained, ideal location), but it’s actually the agent who could be turning buyers off. The agent is the front-line representative; yet, some have little to no personality to interact with potential buyers, while others simply don’t care. Therefore, always choose a broker you would feel comfortable conversing with.

The Final Cut

You may be asking yourself, “If the market is doing so well, then why is my apartment building or multi-family home not selling?” Or, “is it typical for a residential property to be on the market for such a lengthy period?” The reality is, in the present, fast-moving climate, there is no justification for a property to languish on the market for so long. This is particularly true when businesses like SellMyBuildings are willing to acquire it quickly for cash—regardless of the condition.

Whether you’re going through a foreclosure, need to sell the property fast and liquidate, or just can’t sell your property at all—At DNS Investments, we make that happen. We’re a family-owned business based out of Florida, buying apartment buildings and multi-family properties in cash – an offer so good you can’t decline. We practice complete transparency, which means no hidden costs, fees, or conditions.

SellMyBuildings

Boca Raton, FL

(727) 500-2546