Why Did My Home Not Sell?

So you listed your home for sale, but you could not find a buyer for your home before the listing expired.  Maybe you are thinking about selling a home, and you are looking for some guidance.  Below are a few topics that may be holding your home back from being sold.

Marketing

9 out of 10 home buyers search for their home online at one point or another.  If your home does not have an appealing online ad (bad pictures, bad description, etc.), or cannot even be found online, you are seriously limiting the number of potential buyers for home.  There are also different marketing techniques to make sure that your home gets as much exposure as possible.  Is your real estate agent using all of them?

Price

Another cause of a home not selling is the issue of price.  If the home is priced above what the market will pay, potential home buyers simply will not look at the home.  With everything else being equal, you would not buy the car from a person selling it for $15,000 if you can get a closely similar car somewhere else at $10,000.

Condition

Condition is another reason that can cause a home to sit longer on the market.  I’m not saying that the home is run down or in need of extensive repair.  The home may be as clean and spotless as can be.  However, there are certain features that homeowners will simply pay more for than if they are not there.  A good real estate agent will be able to look at your home and determine how to price your home to sell according to its condition.

 

So what are the next steps you should take to sell your home?  Feel free to contact me and we can talk about what it takes to sell your home!

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