Skip to main content

6 Reasons Your Home Won't Sell

Debunking Myths To Home Buying
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.

Labels

Labels:

Comments

  1. My housemanAugust 2, 2018 at 6:29 AM

    Thanks, this was helpful

    ReplyDelete
  2. EvelynSeptember 23, 2018 at 7:56 PM

    You have chosen a very good topic for the discussion because this question is arrived in everyone's mind at the time of property selling or buying. Your article is very informative and provides an amazing solution. If anyone interested to know more about the..... https://www.myamericandreamhomes.com/

    ReplyDelete

Post a Comment

Popular posts from this blog

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

Tips To Get Settled In A New Home

Moving into a new home? We know how exciting it can be! We’ve compiled a list of a few things you can do after your move to make sure your experience is comfortable. The hardest part of a move is getting settled in, after that, let’s handle a few loose ends that sometimes get forgotten about till the last minute. CHECK MAJOR APPLIANCES Be sure to check all the appliances to ensure everything is still in working order after the move. You want to make sure nothing was broken in the move or stopped working suddenly. Look at things such as your stove, dishwasher, washer and dryer, refrigerator, and microwave. If you brought any appliances yourself and you used movers, you’ll want to make sure everything still works with them, since mover’s insurance companies give a limited timeframe for when you can make a claim. CHECK ALL OF YOUR BOXES & FURNITURE Be sure to go over all your boxes and furniture to make sure nothing got damaged during the move. Be sure that everyone has a...
Post a Comment
Read more

Top Home Repairs That Should Never Be Put Off

More often than not, as homeowners, the last thing we want to do is home repairs. Not only do they take time (and many of us don't have a lot to spare), but they can also be costly and sometimes tedious. Sure, changing a light bulb or fixing a leaky faucet can be put off until it's absolutely necessary to fix, but there are some home repairs that should never be put off. Unfortunately, many of these involve major things (and can come with an even more major price tag), but avoiding the repairs listed below could actually cause bigger problems down the road for your property. The following are some of the top home repairs that should never be put off. Roof Issues No house is complete without a roof. Probably one of the most important parts of any building, the roof is a major player when it comes to keeping up on repairs. With a roof, there are a number of things that should be fixed as soon as possible: leaks, missing or damaged shingles/tiles, and any kind of sagg...
Post a Comment
Read more