Every day your home is on the market but doesn’t sell, it will—statistically—sell for less. That’s a scary thought when you want to sell your house, but if you’re in the boat of your home not selling, you are not alone, and there are several reasons why this may be.
This is undoubtedly frustrating if you listed your home and expected a quick sale, but you shouldn’t delay making changes—especially if your home has been listed for more than a month. If endeavors to sell your home have stalled, start by determining whether one of these 5 typical issues could be the culprit and use a speedy correction to get your sale on track.
The Price is Too High
Photo Credit: Bria Hammel InteriorsMost people have an emotional attachment to the place they call “home.” To you, your home may be priceless. When it comes to a buyer, that is not the case. It doesn’t matter what the homeowner or listing agent thinks a house is worth. The only thing that matters is what the buyer is willing to pay for it. The correct listing price will likely be a mix of a few factors, such as the home’s condition, market conditions, and the seller’s circumstances. You can use an online Home Value Estimator to get an idea of what your house is worth or use a trusted real estate agent who will give you an accurate value of what your home should be listed at. A real estate agent will pull recent sales of comparable homes in your neighborhood. The...