So you’ve listed your house. You are full of excitement at the potential offers and the chance to move. A week goes by and nothing. Then a month, maybe two or three more. What’s going on? Why is your house not selling? Well, it may be one of these 5 reasons.
Whether you’ve decided to sell with or without an agent, the number one reason your house isn’t selling is due to price. The best remedy is to consult with a knowledgeable realtor that can give you an accurate and realistic sale price.
Comparing with other houses that are for sale or recently sold in your neighbourhood will give you a precise idea if your home is listed for an appropriate amount.
If your house has been sitting on the market for over a month, it would be a good idea to reevaluate the listing price and consider modifying it.
2. Not properly prepped
Having a show ready home can be the difference between a quick sale and a house that will be sitting on the market for a while.
Consult with a professional stager to assist in preparing your home. Decluttering your home is one of the easiest and quickest ways to get it ready for showings. Also, it will be a clean and neutral canvas for photographers.
Potential buyers need to be able to envision themselves living in the space, so personal items such as family pictures would be better off packed away.
Having too much furniture or clutter can also make the rooms feel small and crowded and for some, it will be difficult to look past.
3. In poor condition
You may not want to put a lot of money into your home as you are preparing to move, however, small upgrades and fixing some problem areas will go a long way, and can even help with getting top dollar for your house.
Ensuring buyers won’t have to worry about sinking a ton of money into the house right after purchase will be an asset to most.
If your house is need of major overhauling, having a list price that reflects the amount of work necessary is imperative for a timely sale.
4. Poorly advertised
Nowadays, buyers have come to expect a certain level of online advertising when it comes to homes for sale.
The first glimpse many will have into your home will be through pictures and videos found online.
People are busier than ever, and instead of going from open house to open house, they will narrow their search by checking out pictures first.
Having professional pictures that showcase your home in the best light possible can be the difference between looking at your house in person or not.
If you are working with a real estate agent, they will include the pictures or videos as part of the advertising done for your home. If you are listing independently, consider hiring a professional, who is familiar with real estate photography, as the cost will be well worth it.
5. Your realtor is not a good fit
Choosing a real estate agent to assist you in the sale of your home can be a crucial decision and ultimately affect the timeliness of your sale.
Do your research. If you have a difficult sell on your hands, or a specialty type of property, ie. farm, part commercial or a fixer-upper, it would be prudent to find an agent that is well versed in these types of transactions.
Yes, we all have an uncle that used to be a realtor, however, don’t feel obligated to use anyone specifically if it doesn’t best fit your needs.
Word of mouth and online reviews will greatly assist you in your search for the perfect fit, so don’t be afraid to ask around.
If you are currently using an agent and noticing that they don’t have enough time to dedicate to your transaction, or aren’t using the proper resources to aid in your sale, don’t hesitate to approach them and discuss these issues.
If necessary, it is also possible to switch agents pending the terms and conditions of your listing contract.
At the end of the day, doing what is best for you and your family, as well as getting your house sold quickly, is what is important.
Addressing any one of these issues will quickly boost the saleability of your home, and instead of watching the days go by, you will be able to go through offers and sell your house in no time!