In many places across the United States, homeowners are selling into the best market in years – and getting great sale prices as a result. But if your home isn’t moving, watching the market heat up can make you feel left behind.
So, in a market that feels like it should be working in your favor, why could you be having a hard time selling your home? The answer may be found in the 5 reasons below.
1. Your Home Is Overpriced
As tempting as it may be, a high asking price on your home could be keeping potential buyers from even considering your house as an option. Fewer buyers means less competition, which can end up meaning a lower price.
The trick to selling a home is knowing what your city’s current market looks like for comparable homes, then basing your asking price on its actual value. If your house isn’t priced to sell, it could stay on the market for a very long time.
2. Your Home Needs Repairs
Your home’s condition plays a big part in its appeal to buyers. Whether something is broken, damaged or in need of some care, a home just won’t perform well on the market if a buyer feels like they’ll have to commit to spending more money fixing it up.
A few smart investments in home improvements may help you sell your home. However, sometimes even small repairs won’t add as much value to your home as they cost you out of pocket, leaving you worse off. And when you consider the additional costs of selling through an agent, it may not be worth investing in.
3. Your Home Is In A Bad Market
The clichés are true: timing is everything and location, location, location. If you’re having a hard time selling your home, it could be that your local market is struggling, and has nothing to do with your home’s appeal to buyers.
From having more sellers than buyers to great deals on homes for sale, there are a number of factors that could have your home sitting on the market for months – or even years. Selling your home under these conditions can be challenging, especially if you need to sell your home quickly for whatever reason. Pricing your home to sell, no matter what, may be your best option.
4. Your Home Is Poorly Listed
Most buyers will spend a great deal of time looking at homes online before attending open houses or committing to a viewing. If your home isn’t being represented well online, it could ultimately drive buyers away from your listing.
Whether you’re going through an agent or selling a home on your own, it’s important to have professional photographs and detailed descriptions that highlight the best parts of your home. Making an effort to present your home in the best possible way could be just what you need to make the sale.
5. Your Home Isn’t Sale-Friendly
Not every potential home buyer is looking for a place with recent renovations. But if your home hasn’t been updated in the past few decades, it could be the reason why it isn’t selling. Other issues you could run into are having too many personal items in your home while it’s actively on the market (e.g. not staged), or some changes you’ve made to your home that are unappealing to the average buyer.
Renovating or undoing changes to your home can be expensive, so most homeowners may have to lower their asking price to accommodate buyer preferences and avoid a costly makeover. Home staging, too, can cost up to $1,000 for most homes. But if you’re really interested in making the sale, it may take this kind of investment.
Tired of the hassle and stress of selling your home? Buy Every Home can make you an offer in less than 48 hours, without pre-approval, and we usually get the closing process completed within one week.
Fill out our online assessment or call (888) 959-3442 to sell your home right away!
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