Moving to a different place and having to say goodbye to the house you’ve been calling home is a big thing in itself that is rarely not overwhelming. Add to the mix difficulties in selling your home and you have a sure recipe for stress. Many people think they can just put their house on the market and offers will soon start rolling in, just to find that selling a house is not as easy as they may have thought. If you are in a similar situation, read on to learn about the possible reasons why your house isn’t selling.
1. Not the right price
While obviously, all of us want to sell our precious homes at the best possible price, sometimes, the reason why your buyers back out is that you set the bar too high. Make sure you inform yourself about the prices of similar properties in your area and consult several real estate agents to get a full picture and consider lowering the price of your house if necessary, even if you don’t want to.
2. Your listing doesn’t cut it
The first contact a potential buyer has with your home is its listing, which is why it is crucial that you make the most of it. If you aren’t getting many showing requests, it might be because you haven’t provided enough photos, or the photos you have provided are badly taken or of low quality. Your description should also be straightforward, well-written and concise, containing all the crucial information but not going on about unimportant details.
3. Poor curb appeal
We all know first impressions are crucial, so make sure your home makes a great one. It is the curb appeal that is responsible for your home’s first impression, so try looking at your property from the buyer’s perspective and see if your curb appeal is lacking.
4. Not doing the home showing right
There are many mistakes a seller can make when it comes to home showings. If the home is cluttered or not staged for showings, potential buyers might be deterred simply because of your clashing tastes. Lingering around during the home showing has also been shown to deter buyers. The best way to overcome this is by taking your hands off the showing and letting your real estate agent speak for your home.
5. The home is in need of renovation
Experienced property buyer agents will see in a split second if there are areas in the home that need additional work, and potential buyers might not want to get involved in such investments. Be honest with yourself about the state of your property and look into what you can do to improve it on a budget. The best way to overcome this issue is by investing in small fixes that make a big difference prior to even listing your home.
6. Wrong time
Your listing not getting the amount of attention you were expecting might be because of the wrong timing. For instance, considerably fewer people are looking for houses during winter months, so consider this too in your planning. The best time would be going for early summer, as many families decide to move during the summer.
7. Inadequate real estate agent
Your real estate agent plays a crucial role in marketing your home and thus scoring your potential buyers. But if you two are not compatible or if the person you entrusted with these tasks is not doing a good enough job, it might be for the best to look for another person. Check their background and testimonials on their website to make sure they are cut out for the job before hiring them.
There are many possible reasons why your home is not selling, but the aforementioned 7 are the most common ones. Try to work on these areas and you will improve your chances of selling your property.