When you initially put your house on the market, you could be looking forward to an instant sale-especially if you have put a lot of money into enhancing the house over the years and if the community is one that’s historically attracted a lot of buyers. While you shouldn’t panic if the house doesn’t sell the instant you list it, you need to start worrying if the months start flying by without any real offers. Should this be the case, here’s 11 factors why your house isn’t selling.
11 Factors Why Your House Isn’t Selling
- You overvalued your home. If your house is overpriced, it’s just not going to sell. Compare your property to similar properties that recently sold within your location to get a better concept of its correct value. An experienced real estate agent can give you a detailed value of your home. Additionally, don’t make the mistake of tacking on the expense of any renovations you’ve made. You can’t just believe that the cost of a renovation equates to added value.
- Your listing is poor. If the listing of your home contains a poorly written description without having images, a great deal of buyers are likely to skip over it. Ensure that you and your REALTOR® put an effort into creating a listing that attracts the interest of buyers. Ensure that you add high quality photographs of both the exterior and interior of your home. Remember to highlight unique features at the same time.
- You’re always present at showings. Let your agent handle your showings. Buyers do not want to have the seller lurking over their shoulder during showings, especially during an open house. This puts unwanted pressure on the buyer, that can make them uncomfortable and likely chase them away.
- You’re too attached. If you will not negotiate even a penny off your price, then there’s a strong possibility that you’ve become too attached to your home. If a part of you doesn’t want to sell it, or you think your home is the best house in the world, chances are you are likely to have a lot of difficulties coming to an agreement with a potential buyer.
- You haven’t had your home cleaned by professionals. A dirty house is going to leave a bad impression on buyers. Ensure that you have a professional clean your carpeting and windows before beginning showing your house.
- You haven’t staged your home. If you’ve already moved out, then don’t show an empty house. This will make it difficult for buyers to imagine living in it. Stage your house with furniture and decor to provide buyers a better concept of how large every room is and how you can use it. You would like the buyer to feel at home while they are taking the tour.
- You kept up your entire personal décor. Buyers are likely to feel uncomfortable touring your house if you keep all of your family portraits up. Take down your personal décor to ensure that buyers can have an easier time imagining themselves living there.
- Your renovations are too personalized. You could think that the comic book mural you painted for your child’s room is absolutely incredible, however that does not mean potential buyers will agree. If your home improvements are too personalized, it can discourage buyers who don’t wish to pay for features they don’t want.
- Your home is too cluttered. Regardless of whether your home is clean, clutter can still be a problem. For example, maybe you just have an excessive amount of furniture in one of your rooms. This can make the house feel smaller than it is.
- Your home is needing too many repairs. The more repairs that are required, the less likely a buyer will want your house. Many buyers simply do not wish to handle the cost or effort of doing repair work, even if it’s just a couple of small repairs, such as tightening a handrail or replacing a broken tile.
- You selected the wrong real agent. In our opinion, selecting the best real estate is simply the most important decision you make in selling your home. A good REALTOR® makes all the difference in selling your home within a reasonable time.
Each of these things can be fixed as soon as you realize your mistake; however, the longer your house stays on the market, the less likely it’s going to sell at listing price. One of the best approaches to avoid making these common mistakes is by working with a professional real estate agent.
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