Why did my home not sell?
Good Monday Morning!
Why did my home fail to sell? This is a call that I get frequently from homeowners who have had a home on the market and it did not sell. The answer to this question is often not simple, but typically a little bit of investigation will reveal the most likely cause. Nine times out of ten the problem is that the price was too high. In this market, if you miss the market with pricing your home is going to just sit and not get offers. Many times the home owners will see many showings and just no serious interest. This simply means that would be homebuyers are finding other homes equal to or better than this home at a more attractive price. It can be hard to hit pricing perfectly, but once a home is on the market, if we look at what takes place with showings and interest it will soon tell us the story as to whether we have hit pricing right or not.
The largest mistake home sellers make is to not watch the market and to not drop the price quickly enough needed. Failure to do this may cost homesellers large amounts of money and the opportuity to sell.
Also, if you are considering putting your home on the market and don't want to join the ranks of the unsold homes be cautious when you interview Real Estate agents. Be cautious as to not pick your agent based solely on the price they give you for your home. Many agents will inflate this price to get your business. Good agents will price your home correclty to start with and then watch the market for any changes and advise you quickly if an adjustment is needed.
The keys to selling a home for top dollar value in any market are to:
1. Price correctly with the market and adjust quickly if offers don't materialize.
2. Stage your home. Get rid of clutter, paint, do yard work, needed repairs and make your home as appealing as possible
3. Make your home accessible. If your home is easy to show you will get maximum exposure
4. Make sure that your agent is getting feedback from showings and sharing this feedback with you. Listen to the market and adjust accordingly.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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87904 Oak Hill Dr
Seclusion and tranquility! Features large windows and skylights throughout. Sunken living room with fireplace opens to kitchen with eating bar, double oven, pantry and wet bar. Dining room with fireplace and storage. Master bedroom has slider with d...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
