Reasons Your Home Isn’t Selling and What to Do About It
Posted Sep 12th 2022
Selling a home can sometimes be a stressful process, especially if you find that your home is not selling. There are several reasons why you may be facing challenges in this regard, and the following guide will highlight why a house is not selling and what you can do to correct those issues.
Wrong Listing Price
It is a must that you determine the right listing price; otherwise, buyers will walk away. While your home may be priceless to you, you need to be realistic. Unlike you and your family, buyers will not have an emotional attachment to the property and will easily look at other homes instead of bidding on yours.
You need to consider what buyers are willing to pay for it. To determine the right listing price, you must consider a few factors, including market conditions, the home, and seller’s specific circumstances. A reputable real estate agent will compare similar properties in the area and ensure your home is not overpriced or underpriced.
Poor Quality Photography
Poor-quality listing photos will cause potential buyers to scroll past your property, and your home will not receive the attention it deserves. Most buyers will look online during their home hunt and will only focus on properties that stand out through high-quality, professional photographs. The saying “a picture is worth a thousand words” applies heavily to the real estate market as this is your chance to make the right first impression. Your listing photos must show your home in the best possible light, and professional and honest listing photos must be part of your selling strategy.
Failing to Stage the Property
A little primping will never hurt, and staging your home will show potential buyers what they can have. Some buyers will not be able to see past what is directly in front of them and will have trouble visualizing what a space can look like once they move in. Staging will eliminate this problem by highlighting the home’s best features, minimizing the worst parts, and giving prospective buyers inspiration regarding how they can use the space.
Unfavourable Market Conditions
Certain aspects are out of your control, and factors like a growing or declining population, interest rates, housing demand and supply, and economic conditions can all affect the sale of your home. While these factors are out of your hands, you can control when you choose to sell your home, and a professional real estate agent will help you time the market. Their experience will allow them to predict what may happen down the road and help you determine whether or not now is a good time to sell.
Failing to Hire a Professional
Selling a home is a complicated process, and experience and skill are necessary. Professional help from a reputable real estate agent will go a long way, and they will assist you in selling your home fast, at the best possible price.
The experts on The Baird Team will guide you through the entire selling process. We are experts in Bowmanville real estate and have provided real estate services for the Oshawa and Clarington regions as well.
Real Estate Agents in Clarington, Bowmanville & Oshawa
With an intricate knowledge of the local market conditions and trends, you can rely on our team for all your real estate needs. We are born and raised in the region and are highly passionate when it comes to helping you buy or sell your dream home.
If you are interested in homes for sale in the Bowmanville, Oshawa, or Clarington areas, we are ready to help and will show you houses that meet your needs. Contact us today at 905-242-2716 to find your dream home!