Why isn’t my house selling?
It needs repairs
According to the American Housing Survey U.S. homeowners spend $4,838 on average in home improvements yearly. But most homebuyers want a move-in-ready house. After making the biggest purchase of their lives, the last thing they want is costly repairs. As the seller, you also may not want to deal with expensive and time-consuming renovation work.
If you’re asking “why is my house not selling?” it could be that the listing price is too high. Research comparable properties within a half-mile of your house, listed within the last three months. Objectively consider how these houses compare to yours. Price your house accordingly—and don’t be afraid to go lower if you’re not getting offers.
It lacks curb appeal
If potential homebuyers don’t like your home’s exterior, they won’t bother to look inside. Eyesores such as peeling paint, an unkempt lawn or a broken mailbox can keep buyers at bay. To boost curb appeal, power-wash the exterior, driveway and sidewalk. If a full paint job is beyond your budget, focus on smaller improvements, like new light fixtures, a flowerbed and a freshly painted front door. Plan up to four days to spruce up the exterior.
It needs updating
Even if everything is functional, your house may seem tired and outdated. Today’s buyers are used to seeing top-of-the-line kitchens and bathrooms on television and social media. If your house elicits more of “meh” than “wow,” determine if it is worth updating. Minor upgrades such as a new kitchen sink or new cabinets might do the trick. But if you’re facing costlier renovations—like a completely remodeled kitchen— consider selling your house as-is off market with Homeinc.
The neighborhood has drawbacks
Also, neighborhood quality—including the school district—as most important in their buying decision. While you can’t relocate your house, you can make sure it shines with the most attractive exterior possible (see curb appeal tips above). Another option is selling to a cash buyer like Homeinc.
You need better photos
According to the National Association of Realtors®, 47% of potential homebuyers start their search online. If your listing has few photos or bad photos, those buyers might pass you by.
- Declutter and stage your house
- Keep photos current and in-season
- Include drone shots for a bird’s-eye view
- Hire a professional real estate photographer
Your listing needs updating
The house description must be well-written and include its best features. A listing that’s boring or hard to read won’t entice buyers.
- Focus the headline on one or two of the house’s best assets.
- Highlight distinctive features.
- Keep sentences and paragraphs short.
- Describe the neighborhood and amenities.
If you choose to sell off-market to a cash buyer, you can avoid the MLS description and photos altogether.
It’s too cluttered.
A home full of personal belongings can be distracting to buyers. Remove at least 50 percent of personal items to make the house appear more spacious and neutral: Clear off countertops, clean out closets, cabinets and drawers, leaving only what’s necessary. Tidy outside, as well.
Market conditions have worsened
Perhaps a year ago your neighbors sold their house in days, above asking price. Now you’re wondering, “Why isn’t my house selling as quickly?” If your house is comparable, you may have missed the market’s peak. Research your market in real time, viewing similar properties. Make sure your asking price is in line with current, similar listings.
The home is too personalized
When potential buyers are surrounded by family photos or keepsakes, it’s hard for them to see themselves in the space. Replace photos and collections with neutral art pieces. Put away anything potentially controversial—such as political signs.
Homebuyers can’t see your house’s potential
If your house is empty or needs renovations, it’s hard for buyers to visualize living there. Fix this with traditional staging—adding furniture and décor— or try virtual staging: Download one of many staging apps to show what your house would look like after renovations and interior design.
There’s an undefined problem with your house
If you’ve addressed the reasons above and still have no buyer, you may need outside advice. You might be too emotionally attached to see the drawbacks. If there are showings of your house, ask your agent to collect feedback about why an offer wasn’t made. Use this constructive criticism to fix the problems.
CALL HOMEINC TO SELL YOUR HOME QUICKLY