3 Reasons Your Home Isn't Selling As Fast As Expected

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3 Reasons Your Home Isn't Selling As Fast As Expected

Once a home is on the market, it can take a few months to sell. If your home is sitting on the market for more than a few months, you need to start carefully considering why your home is not selling, and take steps to fix the situation.

Reason #1: The Asking Price is Too High

One of the most common reasons a home isn't moving and getting offers is because the asking price is too high, and your ideal seller isn't even looking at or considering your home for sale. Finding the right listing price for your home is somewhat an artform, and sometimes, you may get the value of your home relative to the local market long.

If you think that the price of your home may be what is holding it back from selling, get a comparative market analysis (CMA) completed. This report will examine what homes that have similar traits to your home has sold in the recent area. If your home has been on the market for a while, a CMA can help you figure out where your home should be placed based on current market conditions.

When you reprice your home, you want to make sure you get the pricing right the second time. Repricing your home is something you want to get right.

Reason #2: Your Listing Doesn't Sell Your Home

Second, your home may not be selling because your listing isn't really selling your home. Most people are going to look at pictures and videos of your home in order to determine if they want to take the time to see your home in person, so if your pictures or videos are subpar, then you are going to get people actually coming and viewing your home and making offers.

Start by reviewing the photos on your home, and make sure the photos really show off your home. If the photos are sub-par, hire a professional to retake pictures of your home and position your home in the right light. Hire someone to create a video tour of your home. Hire a professional stager. Take your listing to the next level with better quality content.

Reason #3: Your Home Needs Too Many Repairs

Although fixers uppers have had their time in the limelight, the truth is that most people want to move into a home that they can just move into and make small modifications too. If your home has too many big projects that a new homeowner would need to undertake, you may not be getting the offers you want.

In that case, you may want to consider taking your home down and spending a little time and moving making improvements to your home that will increase the value and make it more appealing to potential buyers.

If your home has been on the market for more than a few months, you need to examine your listing price and you need to make sure your listing is putting your best side forward. You also need to consider if repairs your home needs are turning off potential buyers. Talk to a local real estate agent, like those at @properties and other offices, for more help and info.

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In Real Estate, It Pays to Have a Plan Real estate purchases are big purchases. You may pay several hundred thousand dollars, or even more, for a property. As such, there's not a lot of room for error. If you buy a house that needs a lot of unexpected work or end up in over your head when it comes to the mortgage, your dream home can quickly turn into a nightmare house. We want to help you avoid scenarios like that, which is why we share so much information about real estate on this blog. Our readers emerge more informed on a wide array of topics, from buying to closing.