Reasons why homes don't sell

Reasons Why Homes Don't Sell

If you have had your home on the market for several months and haven’t seen much activity or any offers, chances are that one or more of the reasons below are toblame.

Your price is too high.
No doubt about it, the most common reason for a home not selling is that the asking price has been set too high.

The reasons for setting your price too high tobegin with are many. Ranging from over enthusiastic listing agents to unrealistic seller expectations. Regardless of the reason though, if you’ve priced your home too high, you’ve set yourself up for anumber of obstacles to selling your home.

Even if you do get an offer for the overly high asking price, the deal may fall apart before closing because the buyer may have problems financing at toohigh a price. Look at other homes for sale, ones as similar and as close to yours as possible. If they are going for less than you are asking, you may be priced too high.

The fact is, your home iscompeting against those other homes, and what buyers are willing to pay is what will determine final sales prices.

The condition of your home
There is a lot of competition out there to sellhomes. Your home has to compete against other similar homes for sale, as well as competing against shiny brand new homes. The more you can do to make your home look appealing to a buyer, the better yourchances for a quick sale.

Look at your home with a critical eye – put yourself in the buyers position. A buyer doesn’t want to have to do anything except move in. Your best “bang for the buck”in improving the condition of your home are paint and flooring. Make sure that all of the paint is in great condition, both inside and out. Repainting doesn’t cost too much, and will usually makethe biggest impact on buyers. Make sure all of the flooring looks good too. You may want to consider putting in new carpet. Again, it’s not that expensive but it sure does make an impact on buyers...