My House Isn’t Selling, What Can I Do?
My House Isn’t Selling, What Can I Do?
In a hot market, a good listing with a fair price for a house that is in good condition and in a good location will attract buyers quickly. However, this may not be your experience if your house is selling slowly.
If your house has been sitting on the market for a while with no offers, or only lowball offers, you may be wondering what the problem is. There are many reasons why a house may not sell, but luckily there are also things you can do to increase your chances of selling. In this blog post, we will discuss the reasons why your house may not be selling and the things that you should do to finally make a sale.
Reasons Why Your Home Isn’t Selling
List of Services
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Your Home is OverpricedList Item 1
Your Home is Overpriced
High pricing causes prospective buyers to pass over your listing because it’s out of their price range. If your house has been on the market for weeks or even months, and you’re not getting any offers, it may be because you’ve priced your house too high. Prospective buyers will often compare your asking price to similar properties in the area that have sold recently, and if your house is significantly higher-priced, they’ll assume there must be something wrong with it. To get buyers interested in your property, you may need to lower your asking price.
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Your home's location may be reducing the sale value (This is unfixable!)List Item 2
Your home's location may be reducing the sale value (This is unfixable!)
Location issues may arise due to geographic restrictions meaning certain areas might have abnormal market values when compared to other regions same city block level. Whether it's an issue with the surrounding neighborhood or the property itself, potential buyers are often turned off by houses that have severe location problems. If you're having trouble selling your house, it is important to take a close look at its location - when you are pricing your home, be sure to use comparables in the same neighborhood and proximity.
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List Item 3List Item 3
Your Home Required Repairs
Home buyers are always looking for a good deal, but they won't settle on any property that has extensive problems. Home buyers are looking for two things in a house: functionality and affordability. To ensure that they can live there comfortably, pay their mortgage, feed themselves and the family with groceries from what you grow on your property, or buy at market price - it has to work out financially!
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List Item 4List Item 4
Your property has been on the market for a while
A listing that has been on the market for over 30 days is often perceived as being old, outdated, and unsuccessful. This can be a serious problem as buyers will often avoid these listings, assuming that there is something wrong with them. After 3-6 months, the listing may be deemed a failure. However, this does not necessarily mean that there is something wrong with the property. In many cases, the problem is simply that the listing is old and needs to be updated. By freshening up your listing, you can make it more attractive to buyers and increase your chances of success.
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New List Item
You have bad listing photos of your house
It's a bad idea to have bad listing photos for your house. They can have a big effect on whether or not it sells. People want to see what they're buying, and if the photos are bad, they'll move on to the next listing. You might think your house is great, but if the photos don't show it off properly, you're going to have a hard time selling it. So make sure to have a good photographer capture your home in its best light.
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New List Item
Bad Feedback and Advice
You probably turn to your loved ones for advice after your home has been on the market for a while with no offers. Sometimes, people who are not real estate professionals or a neighborhood whose home has recently sold offer suggestions on how to improve your home's saleability. If you are working with family and friends, they may be biased in their recommendation and they might not be as objective as a professional investor would be.
Things you can do to improve your chances of a sale
Sell your House to Zion REI
When you sell your house to Zion REI, you can be assured of a quick, easy, and hassle-free transaction. We buy houses quickly, in as-is condition so you don't have to make any repairs or improvements, and for a fair price, so you can be sure to get the best offer possible. We take care of all the paperwork and we pay in cash and because of that, you avoid the long mortgage approval process. Selling your house to an investor like Zion REI is a great way to get a fair price and avoid the stress and hassle of a traditional sale.
Selling your home for cash as-is is a great option to consider if you need to move quickly, don’t want to spend money on repairs, or are facing foreclosure. Zion REI can help you find the simplest solutions to get cash in hand quickly without wasting time and money on repairs and improvements. Contact us today to learn more about how we can help you sell your house fast.