By: Jerika P – i-Lead Realty Social Media Manager
The process of selling your house is quite stressful and challenging. When your house doesn’t sell as quickly as you expected it to and you’re not sure why, it’s easy to become discouraged. Here are several reasons why your house isn’t selling.
1. Overpricing
Some house sellers might not be aware that they have overpriced their properties compared to their quality and features. The best action would be to work with an agent and inform them of your expected selling price. Since agents know the market, they can price your home appropriately. Or, if you intend to sell your house yourself, try to pay attention to the feedback visitors to open houses and showings are making. You could also search local listings or look up some websites with home value calculators online.
2. Missed the opportunity of the market’s peak
Real estate is less erratic than the stock market, but if you’re not paying attention, it may still change silently. You should be able to stay current with the market and seek advice from brokers who are very knowledgeable about it.
3. Working with the wrong buyer
The best thing you might do is sell your property to a real estate investor or a house-buying firm if you need to sell your house quickly and don’t have the money saved to remedy certain issues in it. They usually pay cash when buying houses that require minor repairs. You can do this by sending them information about your home, and if you accept their offer, you can do business with them.
4. Unsuccessful staging or no staging at all
When potential buyers tour your property for a showing, they want to feel at home and imagine themselves living there. A crowded and untidy home is the last thing they would like to see, which is a significant turnoff. You might try to organize the space while your home is still up for sale and pack up anything extra that might distract potential buyers. They would be able to appreciate your home’s true beauty and potential in this way.
We know it can be frustrating for your house not to sell, if you want a free consultation so we can help you pinpoint the exact reason your home isn’t selling You can contact us here.
Are we in a housing bubble? Here’s what some of the most successful realtors in the country say. Watch the video here