Do you have a home for sale that no one wants to buy? External factors like the economy and the local housing market all play a role in how fast a house will sell. And while we can’t disregard the impact of these external factors, sometimes the reason why a house won't sell is much more simple. If your house has been sitting on the market for months with very little interest, take a close look and see if it’s due to one of these 6 problems.
If the first thing that potential buyers notice when they walk in your door is the stench of your house, you’re in trouble. Absolutely no one wants to buy a stinky home! Make sure that your house is free of common problem odors such as cigarettes and pets. You can find more tips on de-stinkifying your home here.
Would you buy a stained sweater at Target or a muddy car at the Honda dealership? We bet the answer is a big fat NO! So why would you think that homebuyers would want to buy a dirty house? Keeping your home clean not only showcases it in its best light, it also signals to buyers that you care about your house and it has been well-maintained.
It’s Too Personalized!
Homebuyers need to be able to picture themselves living in your house. If your home is full of family photos, knick-knacks, and personal belongings, it’s going to be hard for them to do so. If you have a highly specialized room, such as a craft room, you may want to turn it into a general purpose room, such as a bedroom or home office, to help buyers understand how they could use that space. Click here for help staging your home.
It’s Not Well-Maintained!
The majority of homebuyers are looking for move-in ready homes. Buyers are spending a large amount of money to purchase a home and the last thing they want to do is turn around and shell out even more on a new roof, drywall, or plumbing. On many occasions, you’ll come out ahead by fixing a problem than selling the home as is at a lower price.
It’s Priced Wrong!
Putting a price on your home is one of the hardest parts of selling. It’s hard to put a monetary value on something as personal and as loved as your own home. When choosing a price, it’s not uncommon for sellers to start recalling all the blood, sweat, and tears they put into their home over the years or all the memories attached to it. Focusing on these things can cause sellers to overvalue their home. Unfortunately, how much you love your home and how many memories it contains does not influence its worth. Your Realtor will use a comparable market analysis to determine the correct listing price. If you choose not to list your home at the price your Realtor recommends, you are risking your home sitting market for a long, long time.
You Hired the Wrong Agent!
With over 16,000 Realtors in the state of Indiana, it’s easy as pie to find and hire one! The trick is finding and hiring a good one that can sell your house quickly and for the best price. When choosing a Realtor, don’t just pick the first one that comes along or the one that promises you the highest listing price but without a plan on how to get that price. Take your time picking a Realtor. Interview 3-4 and do your research. Ask questions about how long they’ve been in the real estate business, what their average days on the market is for the homes they list, and how they plan to market your home. Also ask are how and how often they’ll communicate with you and if they are a full or part-time agent. If you skip this important research, you risk signing a contract with an inexperienced or unproven Realtor who won't be able to sell your home.