5 Reasons Houses Don’t Sell
Posted Jun 8th 2023
All home sellers want the same thing; to sell fast and for the highest price. When this does not happen, sellers become discouraged and frustrated, but understanding the possible reasons why your house did not sell will allow you to make the necessary changes.
Here are five common reasons why houses don’t sell:
- Wrong Listing Price
Your home may be priceless to you, but a buyer will not feel the same way. They will not have the same emotional attachment to the property, and the listing price must reflect reality. What matters most is the amount the buyer is willing to pay for it, and you need to eliminate your personal feelings from this equation.
The right listing price should combine several different factors, including market conditions, the home’s condition and the seller’s circumstances. A reputable real estate agent will provide you with hard numbers and will look at recent sales of comparable homes in the same neighbourhood. Once they factor in the condition of your home and how badly you want to sell, they will then recommend a listing price based on this information. They will make sure you do not overprice or underprice your home and will help you determine a number that is realistic.
- Poor Quality Listing Photos
Buyers will always look at pictures when searching for homes for sale, and bad listing photos are one of the main reasons why houses do not sell. Most buyers will look at pictures before scheduling a showing and will quickly pass on a property if the photos are bad.
Do not let bad listing photos prevent you from selling your home, and invest in professional photography, as this can show your home in the best possible light. Professional photos should be part of your selling strategy because they are effective!
- Failing To Stage The Property
Staging allows buyers to envision themselves living in the home, and a little primping will go a long way. Many buyers will have trouble seeing past what a home is and cannot visualize its potential, but staging will highlight your home’s best features while minimizing the worst, and buyers will have some inspiration regarding how they can best use the space. You need to sell the idea of a home, and staging will allow you to do this!
- Market Conditions
Certain aspects like interest rates, housing demand and supply, and economic conditions are out of your control, but you can control when you choose to sell your house. You need to time the market and determine when your house is most appealing to homebuyers. It is not always easy to understand or predict market conditions, but your real estate agent will tell you the best time to list your home.
- Failing To Work With A Professional
There are a lot of steps involved in selling a home, and professional advice will go a long way. An experienced realtor will understand market conditions and will assess your home to discuss necessary improvements. They will provide you with professional recommendations to help you sell your home fast and will guide you through the complicated real estate market.
Find Your Dream Home: Let The Baird Team Help You
Are you interested in looking for homes for sale? The Baird Team will listen to your needs, and we will present you with homes that match this criteria. Whether you are looking for homes or townhouses for sale, we will help you find your dream home.
Contact us today at 905-242-2716 to start your search!