The real estate market has become a fast and furious business. With the high demand and low housing inventory, property owners are expecting to make a quick sale. The competition is getting tighter, making it difficult for buyers to score their dream home. Those who can’t look for ready-to-move-in homes, look for empty lots or lands for sale to explore the best land options to build their dream home.
In a hot housing market, buyers aren’t the only ones struggling. Some sellers, especially the first-timers, end up with their home sitting idly in what is supposed to be a fast-paced seller market. To help you sell your house fast, it’s important to know the reasons why your house isn’t selling.
When your home isn’t selling, the first thing you should look at is how it is staged. While it’s important to showcase your home in a more realistic way, there’s no harm in doing a bit of styling before putting up the “for sale” sign. Staging your home helps buyers visualize on how it’s like to live in your home. It also highlights your home’s best features, beautifies the ugly parts, and provides potential buyers with some ideas on how they can utilize the space.
Remember, home buying isn’t just about selling a property, but you’re also selling the idea of a “home sweet home”. That’s why putting up an empty house on the listings is a huge mistake. A bare house can create an impression that it’s too small, abandoned, or uncared for. You can ask your agent how you can make your home attractive to buyers.
High selling price
Selling your home for a very steep price is a common mistake among sellers. One of the reasons is being emotionally attached to their home and selling it for a top-dollar value would give justice to their most precious asset.
Truth is, your listing agent and potential buyers aren’t interested in what you think your house is worth. What only matters for them is whether they are willing to pay for it.
The ideal listing price is a combination of multiple factors, such as the property’s current condition, the seller’s situation, and the housing market. A real estate agent can do market research to give you an idea of how much your home is worth. They will check the recent sales of similar homes around the neighborhood. Based on your home’s condition and how willing you are to sell it, the agent will come up with the best listing price.
The listing price can make or break a buyer’s impression of your home. Once the buyer decides to buy a home, the first step is to determine their budget. This also means how much they’re willing to pay for a home. Next is to check online listings and find homes within their price range. This is the part where they decide on how much they’re willing to adjust their budget based on a specific threshold. In this case, you have to be as realistic as possible when pricing your home.
Aside from the perfect staging, professionally taken photos of your home can also leave a lasting impression on your buyers. Buyers begin their search online and decide which homes are worth looking at based on a quick glimpse of your listing photos. If your ad photos look subpar or the sample photos are too few, buyers will move on to the next listing, losing your chances of a potential sale.
The best you can do is to get your home stage and hire a professional photographer. A great tip is to hire a pro with experience in taking real estate photos. It may seem an unnecessary expense for you, but it will certainly pay once your listing generates more online views.
Unexperienced real estate agent
Your home may look good inside and out — the staging is perfectly curated and the listing photos look professionally taken. Now, this makes you wonder why you’re still having a hard time selling your home.
Another reason why your home isn’t selling is hiring a real estate agent with poor PR skills or someone who’s pretty bad at giving advice. Your agent is supposed to act as your front-line representative. They collaborate with the seller as they make decisions on the staging, pricing, curb appeal, and marketing efforts. Basically, a good agent can help you avoid the common reasons why your house isn’t selling.
The most frustrating thing to happen for a home seller is when their home is taking too long to sell. There are plenty of reasons that contribute to this, but it’s never too late to get your home sold. If you’re still unsure why you can’t make a sale, your best option is to hire a skilled agent to sell your home quickly for the best price.