Failing to sell the house for at least six months can be very frustrating for home sellers. More so when they get an expired listing or cancelled listing of their home, especially after having to go through so much trouble going to open houses and showings, among other things, and more. However, what most home sellers fail to realize is that there are a couple of factors they have to take into account before they can sell their houses to families looking at buying a home.
Here we’ll outline those top 4 factors why your home is failing to sell:
. Overpriced Homes
Put yourself in your buyers’ shoes and think about what the first thing that comes into your mind what you are looking at buying a home. That’s right, it’s the price!
Overpricing the value of a house could be one of the reasons why a house is not selling. This is actually the most common factor why homes go expired. It is important that you have a realistic view of the selling market and provide a realistic price range for your home. If they haven’t already, ask your real estate agent to provide you with a complete overview of the house market conditions. Request for a price inventory of homes that had been sold; it might give you an idea of where your pricing went wrong.
. Un-outstanding Houses
Another factor to consider is the house’s selling quality, which basically means whether or not your home stands out to families buying a home. Does the house leave a great first impression? If it clean and tidy? Is it free of any obvious damages and debris?
How well your home is taken care of is a critical factor to consider when selling. People and their families are looking to move into a house that makes them feel at home, so it’s always good to decorate and maintain your home as such. If decorating a house is not your strong suit, it might be a good investment to hire a home stager who can provide you with a different perspective and recommendation on home to improve the quality of your house.
. The Real Estate Agent Factor
Real estate agents are the people who help you sell your house to the people who are buying a home, so it’s important they you’re in the same page with them. Your real estate agent should be someone you can work together with on figuring out why your property is not selling.
. A Failed Marketing Plan
Having a sound marketing plan is how people who are buying a home find you. It is not enough to have your home listed with a real estate agent and then go on your merry way. Try to ask them for their marketing plan and assess how easy they make it for buyers to find your house. It’s important that you know what your real estate agent has planned, marketing-wise—through the internet, a hotline, their advertising techniques—so that you can monitor the progress.