Have you ever driven by a For Sale sign and wondered, “That house has been on the market for a long time, I wonder why it isn’t selling”? You might have asked that question because you were worried the same thing would happen when you put your own house on the market!
Here are the top reasons why a house isn't selling:
1. How you picked the last agent.
Your agent should always be there for you in every step of the way and always considers all your best interest. I am always available and very responsive to my clients. I communicate with my clients on a regular basis for them to be in control of the purchase/sell process. You can read more about why you should choose me as your realtor here.
2. The price is too high.
Sometimes a homeowner will set the listing price exceptionally high in the hopes of getting lucky. What happens instead, however, is potential buyers stay away. In today’s real estate market, a house usually sells at a price that is close to its market value. Fortunately, the current market value of your house - and, hence, its approximate selling price - may be higher than you realize. It’s worth getting a free market assessment.
3. The house doesn’t show well.
Sometimes a house is strategically priced for the market but doesn’t show well. It’s difficult for buyers to look past issues, such as clutter, and see the potential. In those cases, prospective buyers who view the property, don’t like what they see, and move on. If you put your house on the market, make sure it looks its best for prospective buyers.
4. The listing is poorly promoted.
Clearly, buyers won’t become interested in a property if they don’t know about it. The listing must be promoted effectively, and that involves more than a For Sale sign.
5. You’re overconfident
Being in a seller’s market might mean that your house will get sold for top dollar, no matter its condition. But you can't always count on that.
6. There’s a problem with the title
Immediately resolve title problems as it may only require a small amount of time and effort. Contact the title company to find out what you need to do to prepare for selling — then do it. SO prepare yourself as it may potentially sit on the market for quite some time.
7. The house smells bad
In some cases, the solution is a scented candle or freshly baked cookies. But if it is a sustained odor, the best idea is to find out what’s causing it so you can address it immediately. Be mindful about mold and mildew buildup, pet urine on the carpet, or set-in smoke odor.
8. Your appliances are old
Make sure your appliances don’t look like they’re on their last legs. It's also necessary to update them. You don't want this to be the cause of your asking price going down.
Want more tips on selling your house? Call me today.
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