Selling your home is probably one of the toughest decisions you’ll ever come up with. It would further lead to frustration if it stays long in the market because nobody’s interested to buy it. Several common problems are at the root of most home sale problems.
1. Bad Location
Nothing has a greater impact on your home’s value than its location. Location rules in real estate. If your homes location is less than desirable, your options are somewhat limited. But you can ask your real estate agent to help you accentuate the positive and eliminate the negative of your circumstances. You may also need to do heavy marketing. A price reduction is an option. You can also try to promote what the house can offer.
This is the most common reason homes don’t sell. Home buyers compare shop and compare prices and a house that is overpriced is at a disadvantage if its features are less attractive or inferior to those that are priced fairly at the same list value. Most real estate agents and qualified buyers will see your new listing within 30 days. So it is wise.
The fact is that it is buyers, not sellers who determine the market value of a home. You can set your listing price well above comparable properties, but at the end of the day, it is all up to you as a seller to accept what the buyer thinks your home is worth.
3. Home does not Show Well
Whenever we shop or decide to buy something, it is very relevant for us to see that the item we are trying to purchase is at its best. Price and condition are the things that a seller can do about. In order for the home you are selling to look enticing and attractive to your potential buyers, you can invest a little on paint. Newly painted house makes it look and smell fresh and clean. Accessories such as flower boxes and new curtains contribute to the aesthetic value of homes.
4. Ineffective Marketing
Gone are the days where in an agent just simply place your listing with the MLS or Multiple Listing Service or just wait for another agent or a friend to bring a buyer. Computer and internet has changed the face of real estate. According to National Association of Realtors, one-third of home buyers look online for properties. Ask your real estate agent to advertise your property for sale in their website. They should also have your listing in color on their laptops to show to the clients and communicate frequently via e-mail.
Suffice it to say that if your real estate agent isn’t listing your home online through the company Web site as well as with the local MLS, you may not be getting the exposure necessary to find a buyer.