Skip to main content

6 Reasons Your Home Won't Sell


Are you ready to sell your home and want it to have a great first impression on the market? Or maybe your home has been listed for a few weeks or months, and you can't figure out why it won't sell, and you know your agent is working hard to market it. We've listed below the top 6 reasons your home may not make a good impression and end up stagnant on the market.

1. IT'S OVERPRICED
To be clear, an overpriced home is the #1 reason a home won't sell. We often times want our homes to be worth a lot more than we may see based on the data, but if you put your home on the market for the number you wish it will bring instead of the price it actually needs to be, your home can sit on the market for months without getting a single showing. If you're thinking you need to price high to leave room for negotiations, statistics show that views for your property, for buyers in your price range, can drop a whopping 90% if it's priced too high. Discuss with your agent what the market says the value of your home is, then price it competitively to potentially get a bidding frenzy instead of low offers or having it expire.

2. LOW SHOWING AVAILABILITY
Making sure the house is clean and having to leave on a daily basis for buyers to tour the home may get a little overwhelming, but it is crucial to have open availability to have your home shown. You could end up missing out on the perfect buyer if you decline too many showings. The longer it sits on the market, the less value buyers will see in it. Talk with your agent about having a 24 hour notice period if the extra time is needed, but make sure your home is available to be shown as often as possible.

3. CLUTTERED SPACE
Buyers want to walk into a house and envision their lives in that home. This is difficult to do if your home is cluttered with personal belongings. They are instantly given the feeling of invading someone else's personal space, instead of the satisfaction of being able to see a future in your home. Make sure your property is clutter free before putting it on the market; and store away any family photos.

4. UNPLEASANT ODORS
If you smoke or have pets, it's easy to get used to the smell to the point that you don't even notice it anymore. But it's important to understand that the scent can be picked up by new people visiting your home, and it can really turn them off from making an offer. Before a showing, make sure to dispose of any garbage, don't cook fish or other strong smelling food, and ensure the home is freshened up so there are no pet or smoke odors. 

5. UNWILLING TO MAKE REPAIRS
Selling your home as-is may sound appealing at first, but being unwilling to make repairs could cost another mortgage payment that far exceeds the cost of repairs if you refuse to work with the buyer on their requests and the home goes back on the market again. It's wise to be open to repair requests, and simply go over with your agent what you can afford to do and make a reasonable counter offer during the repair negotiations. 

6. UNWILLING TO NEGOTIATE WITH BUYERS
It's important to have an open mind about requests that will come from buyers when it comes to purchasing your home. These requests can come in the form of price negotiations, repair requests, or even requests to cover closing costs or home warranties. With your agent on your side advising you of the best steps to take, it's best to be open to working with the buyer's on some of their requests to ensure a successful closing.

Comments

Post a Comment

Popular posts from this blog

Ideas To Help Reorganize Your Kitchen

The kitchen, for most of us, is the heart of the home. In fact, as the epicenter of the home, the kitchen is one of the most important rooms when it comes to the resale value of your home. However, for many homeowners, the kitchen can also be characterized by clutter, crowded cabinets, and general disarray. If you've been trying to find ways to reorganize your kitchen without a costly remodel, here are a few quick ideas. Repack Dry Goods :   Most packaged food products can be more space efficient when removed from their original packaging and placed in stackable plastic containers. Free The Spices :   Don't waste cabinet or drawer space on your spice collection. Spices should be handy near the stove, so install a wall rack in a convenient location. Be careful to avoid spots that will get too much heat, as this can affect the flavor of some spices. Hang Them Up :   Hanging pot racks can both free up your cabinet space and add a chef's touch to your ...
Post a Comment
Read more

Mistakes To Avoid On Your First Buy/Sell

I f this the first time you're considering buying a home, or selling your first purchase, there are a lot of possible challenges you can end up facing. Having the right agent can ensure you're able to get through these challenges, but since some of the issues are universal, let's review some mistakes you want to avoid making. 1. THE RIGHT PRICE Pricing a property is a science of it's own. There are a lot of components and factors, so many small details, that ultimately lead to the value of a home. Although there are a lot of sites with estimates, namely Zillow, the technology uses on online sites to determine property values are simply not accurate. Zillow even states that their numbers can be inaccurate up to a whopping 20%. Without a background as a real estate professional, it's virtually impossible for a consumer to be able to know the proper components needed to price a home. When you're purchas...
Post a Comment
Read more

Real Estate Advisor: January 2019: A New Year Checklist For Your Home

If you’re looking to start a-new this coming year, why not have a checklist of things you can do for your home to give it a fresh start to 2019? There’s nothing better than a clean home, and it’s a great way to begin a brand new year. Start With The Little Things Many of us, whether we rent or own, tend to overlook the little things. But even the little things can make a huge impact on our homes. Add these to your home’s new year checklist: Check batteries on fire/smoke detectors and carbon monoxide detectors. We hate hearing the chirp of a dying smoke detector in the middle of the night - be proactive and change out all the batteries now! Clean your clothes dryer. Vacuum out lint from the dryer vent. Too much lint can be a fire hazard if it’s accumulated over time. Also, if you have too much lint build up, your dryer may not even work at maximum power. Clean vents and registers. Things can get stuck in and even build up in your home’s vents and registers. Wipe...
Post a Comment
Read more