Why is My House Not Selling?… (and what to do about it)

Patience is very important virtue for almost everything in life. When you’re looking to sell your house, being patient may get you a very good price. However, in some situations, you may need to get rid of the property fast.

You may be uncomfortable with the location or moving to a new place. However, there may be some reasons you might not be able to find a buyer. In this post, we have discussed the top 10 mistakes you might be making.

Pricing Your Home Incorrectly – First of all, it’s extremely important to price your home correctly. You should work closely with the real estate agent and choose a price that is competitive, but does not raise any red flags for potential buyers. You should always ask your real estate agent for Comparison Market Analysis. Such a report has all the valuable and important information required to determine the correct price.

You’re Not Flexible – It’s important to be flexible. You need to give clear information about the price, and willing to negotiate if there’s a good offer. If you’re not flexible, you will be losing a lot of potential buyers and good offers.

Your House Looks Cluttered – Regardless of the time frame, removing unnecessary clutter from your home is very important. You should pack every items you don’t want to sell. In case you’re not leaving any items, you should rent a storage space. Once you make a sale, you can pick up everything from here and just move to your new property.

Ignoring Minor Problems – Most sellers tend to ignore some basic and minor problems. When a lot of time passes by and they’re still unable to quickly sell the property, they realize that basic and minor problems were the main drawback. Buyers are never looking for a home where they have to fix problems before moving. They keep looking for read-to-move-in options.

Not Offering Any Incentives – Offering incentives is the best way to entice a potential buyer. In fact, you should offer a homeowner’s warranty. You should consult your real estate agent and discuss many different incentives that can be offered. Besides location, these incentives will be the best way to seek more buyers.

Not Staging Your Home Properly – Staging a home is to prepare it for buyers. It’s quite similar to a model or sample home. You should hire an experienced stager to transform your home for an aesthetic appeal. An experienced professional will help you. He will think from the buyer’s perspective. A real estate agent can help you get in touch with a professional stager.

Not Studying the Market Properly – It’s very important to study the market. You should always pay attention to your professional real estate agent and ask him to give details about about changing real estate market trends. Good knowledge about the market may be the difference between hoping for a sale and making a sale.

Not Considering Cash Buyers – One of the most common problems that homeowners face when trying to sell a house is the inability of the buyer to pay on time. Sometimes buyers pull off at the last minute just because of inability to get loans cleared or financial emergencies. Considering a cash offer may be a smart choice.

With good cash offers, the buyer or seller won’t have to rely on conventional financial institutions and financing from banks. It even reduces the amount of paperwork. In addition to this, you may even enjoy some tax benefits.

Bad Marketing – In the competitive real estate market, it’s important to market your house properly. You need to make your home look aesthetically appealing, and more functional. Marketing plays a very important role in attracting potential buyers.

Bad Realtor – It’s very important to stay away from beginner or bad realtors. A good realtor will help you with marketing your property in the market. This way, you will be able to generate more leads and entice more potential buyers. A good realtor also has valuable contacts to find potential buyers, and make sure you get a good deal.

Housing markets vary from one location to another. On one hand, a house in a particular area may sell after the first few weeks. On the other hand, it may take months before you actually get a buyer in some other area. If you want to sell your property fast. it’s important to understand that there may not be an absolute way to predict a time frame. However, if you avoid the above mentioned mistakes, you will be able to speed up the process.