Three months have passed.
There were no phone calls. There was no response.
You’ve put in the effort and placed your home for sale. You are now eagerly awaiting a response from the agent on the showings. Then you get the bad news: your house isn’t selling.
So, what now? You’re most likely thinking to yourself.
Perhaps you didn’t show your house effectively, or your asking price is too high. There might be a variety of reasons stopping your property from selling.
This article will help you understand the some of the difficulties that may be impeding the selling of your home and how to avoid them. It might result in a call from a potential homebuyer tomorrow rather than in a few months!
1. Your house is one-of-a-kind
Do you own a home with a unique design or style? Or is it more akin to a big house in an unusual area?
Selling such a house might be tricky. Some homes have attributes that make finding the perfect buyer more challenging. Residences with particularly high-end or pricey features, or simple houses with quirky or unusual characteristics, may take a bit longer to match with a buyer.
If you are selling an uncommon house, you must plan your sale such that it could attract special buyers. And the most critical factor here is patience. Here’s all you can do:
- Make sure that your marketing and promotion plan is geared towards the consumer you’re looking for. Show the home’s peculiar qualities in the best light possible, and strive to get your listing in front of the proper individuals.
- List your out-of-the-ordinary property in locations other than the standard internet real estate sites.
- Consider what drew you in when you acquired the house and present it to the buyer in the same manner.
2. An issue with the selling price
If it’s not the home’s condition, it’s always the price as the reason a property isn’t selling. In reality, it is almost always the price.
How can you tell whether your house is overpriced? There are a few red flags:
- Your home is priced higher than the comps
- Other properties in the area are selling, but yours isn’t
- You’re not getting a lot of showing requests.
- Your listing pages are not receiving a lot of traffic
In such a case, you may want to get assistance from a real estate professional. Realtors will provide you with A Comparative Market Analysis (CMA) for your house. This way, you could keep appropriate pricing of your home and attract a new buyer.
Another approach is to pay attention to the input you receive from individuals at open houses and showings. You could also look through area listings and compare the value of your home to similar properties. If you believe your pricing is too high, it’s time to lower it.
3. Inadequate marketing and a lacking photographs
According to one research, 44% of buyers browse online before doing anything else, and 87% of purchasers considered published photographs to be beneficial. As a result, good marketing is critical in the house-selling process. Here are some things that may be insufficient when it comes to marketing your home:
- If your home’s write-up is incorrect or not optimized for the web, potential buyers will not be able to view your listing.
- Your listing images are not of professional quality.
Consider the following to improve your chances of selling a house:
- Make sure to ask the agent for appropriately optimized content for the listing.
- Take high-quality images; neither you nor the camera, nor the flash, should be visible. Photograph your home’s best features from broad perspectives with lots of light. If necessary, contact an expert to do the task.
- Advertise extensively every weekend.
4. Inadequate repairs and improvements
Do you know that over 75% of top real estate brokers around the country believe that well-landscaped properties are worth 1% to 10% more than properties with no landscaping?
While you may be confident in your house and attempting to sell it “as-is,” it may not be market-ready. If there is visible mold or a strong odour in the home, potential buyers will likely reject it.
The key is to be realistic about the state of your home. What you can do is as follows:
- Aim for a neutral appearance to highlight your home’s features.
- Don’t skimp on critical repairs such as leaking faucets, broken bathroom fixtures, nail holes in walls, and so on.
- If you need assistance clearing your area, hire a professional stager.
Property selling is a complicated and stressful procedure for homeowners, but not for specialists. Hiring smart and competent real estate agents will alleviate tension and facilitate a smooth real estate transaction. We have the appropriate people for the task. The home selling phase will be less stressful if you engage with us. Please contact us right away!
