Why is My Home Not Selling?
Some areas to consider if your home is not selling as quickly as you would like There could be many reasons why your home is not be selling as quickly as you would like. Some sellers think that they are going to be able to unload their house for the asking price within a couple of weeks. While this may hold true for some, the majority of people have a much more difficult time making this happen. Do yourself a favor and be totally prepared for anything that comes your way during the selling process. We have mentioned a number of times in these articles, setting your expectations is an important factor when selling yourself, and will also help you to remain focused throughout the process, even when things are proving tough. So what are some of the more common reasons as to why your house may not be selling? First, you need to consider that it may not be your house that is the problem. The real estate market may simply be going through a down cycle, making it difficult for everyone to sel
Ideally, everyone wants their home to sell fast for the price they expect, but of course actually making that happen is easier said than done. What are some reasons for a home not selling at what the owner feels is a reasonable price? Well, the asking price may just be too high compared with other homes for sale in the same neighborhood, not just in terms of the price alone, but what the buyers will get for their money. Unattractive or outdated decor just doesn’t sell and understandably, buyers want the best upgrades and most attractive features they can get for their money. Potential buyers are also put off by problems such as pet odors in the carpets, needed home repairs and cramped, cluttered rooms. Home staging is often a good solution for a home not selling due to its interior looks. Home stagers can get rid of the clutter and arrange furnishing to make the best of a space. Surprisingly, many home sellers expect their homes to sell easily when they have piles of clutter and/or str
First you should analyze recent sales in your area. Have your agent pull recent sold homes in your area and look at the differences when compared to your home. In other words, why did those homes sell instead of yours? Look closely at the listing and sales price per square foot on comparable homes that sold, and this will give you an indicator if your home is over priced for current market conditions. If it is over priced, keeping it on the market won’t likely accomplish your goals and may hurt you in the long run as people begin to question: ‘What wrong? Why isn’t that home selling?, Must be something wrong with it?” Adjust your price accordingly if you can. Otherwise if you can wait for a better time to sell, you can simply take it off the market. If it’s not price and some modifications or updates like painting, carpet, etc that are needed. Consider removing the home temporarily while the upgrades are being completed. Then make a minor price adjustment, stage it, and then re-list it
