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2013-05-28 10:30:23
7 Reasons Your Home Isn't Selling

Why is it that some homes sell in a matter of day while others stay on the market for months – or years? Often, it comes down to the right price in the right area, but there are other factors that can make or break a sale. One of the big ones…The longer a house sits on the market, the worse its reputation. Buyers (and Realtors) begin to wonder what’s wrong with it and why it isn’t selling. Read on to learn seven reasons why a house fails to sell quickly, and what you can do to avoid them.

  1. The price tag – an outrageous price tag is usually the reason many homes fail to sell quickly. If you’re asking for more than the house is worth in an effort to pay the mortgage off or make a profit, buyers will typically not bite. You’ll need to lower the asking price and every time you do it will invite the “low-ballers” because they believe you become more and more desperate to sell.
  2. Outdated décor – everyone’s taste is different, but if your home’s décor is outdated or gaudy, it can be difficult for buyers to see past it. Less is more in this instance. Remove clutter and redecorate/repaint the inside of the home in neutral colors that make it appear bright and open.
  3. Poor condition – if your home appears to be in poor condition, chances are it’s going to take a while to sell it. Buyers these days are reluctant to take on a “project” home, especially if there are other homes in the area for sale in better shape. Fix what needs fixing or be prepared to take less for your home and by “take less” I mean more than it would cost you to fix.
  4. Location, location, location – even the most spectacular home will remain on the market for extended periods of time if it’s in a bad location. Close proximity to power plants, waste-treatment plants, or busy freeways are a turn-off for most buyers. Sellers in this predicament often have to come down on their asking price in order to sell.
  5. Poor design – older homes often sit on the market longer because they contain obsolete features buyers just don’t want today. For instance, you may have to walk through one bedroom to get to another. These types of things could mean the difference between a quick sale and a stagnant listing.
  6. Too much of a good thing – if your home is the fanciest, biggest one on the block, and the others around it don’t mirror its size or polish, you could have a hard time getting what it’s actually worth. Buyers will compare your luxury home to the ones around it and may not be willing to shell out a luxury price.
  7. A picture is worth a thousand words – when you market your home for sale, your first impression with the buyer is probably going to be a picture. If that picture contains clutter and other visually unappealing sights, buyers will wonder about the upkeep of your home and move on. Clean your home well before pictures are taken and remove all clutter. Another option is to have your real estate agent “stage” the home for perfect photos and showings.

Hopefully you’ve gained insight into what can cause a home to sit stagnant on the housing market. Although there are some easy fixes for some of these issues, unfortunately for others, asking a lower price for your home is the only way to remedy a poor situation. Any good Realtor is going to discuss all of these with you and should provide with the best options for you.

Good luck and remember… You can always call the “Big Man”

Robert T. Evans aka. the 'Big Man'
BigMan@bigmaninrealestate.com
https://www.BigManInRealEstate.com
Cell: (512) 417-9785
Office: (512) 346-3550
Fax: (512) 623-6038
 
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