If attempts to sell your home have stalled, start by determining if one of these 12 common obstacles could be the culprit and apply a quick fix to get your sale on track. According to data from the National Association of Realtors, 22% of recent sellers closed their homes after a price reduction. If an ad gets a lot of views but there are no offers, Madiera-Gorden suggests that a 1% reduction could attract the right buyers. If there are few visits, a price reduction of 2% to 3% may be necessary.
Depending on the aspect of the competition, a seller may choose to upgrade their home or lower the price accordingly. For example, if all other comparable listings have an oven that is less than 5 years old and yours is above expectations, place a new one. Our research confirms the value of staging; 67% of top agents surveyed by HomeLight agree that ready-made homes sell 1% to 5% more, and 83% report ready-made homes buy faster. More than 75% of top real estate agents across the country say well-landscaped homes are worth 1% to 10% more.
These same agents say that increasing exterior appeal is often the most effective action you can take to improve the marketability of your home. The most common reason your home may be on the market is because of high prices. You can avoid overvaluing your home by talking to your real estate agent and examining the value of similar homes in your area. Even if you love your home, be prepared for it to stay on the market for quite some time.
If there are few or no photos, or if the photos look bad because they weren't taken by a professional or because the house is messy (as seen in the photos), many buyers will move on to the next listing. When you hear about houses that don't sell, it's tempting to think that there must be something wrong with them. The longer you've been there, the more potential buyers wonder what's wrong with it, especially if a home doesn't sell in a hot market. As tempting as it may be to renovate before you put your home on the market, ask yourself if it's really necessary to do it now or if you can wait until you've found a buyer, you may be able to close that deal faster than you thought.
All it takes to stop floating is a little willpower and a trip to a gourmet coffee shop or a fancy wine bar. When considering where to go from here, it's important to remember that every home is different and that your realtor may have specific comments that you can use to determine what improvements will increase your home's appeal. If several buyers say your home is too dark, you can add lighting, order, or hire someone to clean the windows. Dave is a member of The Meeting House Church in Carlisle, enjoys outdoor activities, reading, playing soccer and things related to “community”.
These marketing techniques continually rank Joshua in the top 1% of New Jersey licensed real estate agents and he was recently awarded in THE THOUSAND — Real Trends & The Wall Street Journal as one of the 1000 best real estate professionals in the United States. When you've spent all your time and effort getting your home ready to go to market, the last thing you want is for the process to be delayed due to a lack of interested buyers. But if the smell in your house is persistent, it's a good idea to determine what causes it and address it. If your home is on the market, you may wonder why it's not being sold and what you can do to move the process forward.
If the home is being marketed as well as it can, is in good condition, and is not yet sold, you are likely to have a problem with pricing. A low appraisal is common in a seller's market when housing inventory is limited, reports USA Today. .