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Reasons Why Your House is not Selling Quickly
Friday, March 2, 2018
Most people expect their home to sell quicklyin a hot market and to find a buyer within a few months. In some cases, you maynot be getting any offers for the home. If you're having difficulty sellingyour property, there are a few reasons why it may not be in demand amongbuyers.
The price of your home is the main factor that will either turn buyers away orwill grab their attention. Many sellers make the mistake of asking for too muchmoney, which won't seem like a deal to buyers and can be out of their pricerange. Work with a real estate agent to determine a fair price after having anappraiser determine the value of the home. You'll also need to get an analysisof the local market and review specific market trend data while researching theselling price of similar homes that have recently sold in the local area.
You may opt for taking the pictures for your ad when selling your home, butthey may not be quality images. The photos are one of the most important partsof the ad that will determine if buyers are interested in the property and findit appealing. You'll want to hire a professional photographer to take thephotos to ensure that the images are clear and have a high resolution. Theprofessional will be able to edit the photo and allow plenty of light into thehome to make it look inviting.
You may have a home that is updated and modern, but if old appliances arepresent, then the house can look outdated. Stainless steel appliances that looksleek and more high-end compared to white or black refrigerators or dishwashersthat look like they're from the '90s. Buyers want to move into a space that hasa high level of appeal without having to spend more money to purchase newappliances.
Your home may be outdated, cluttered, or in need of repairs when it's on themarket, which can make buyers lose interest once they tour the property. You'llwant to repaint the walls a neutral color shade, install new hardware on thecabinets, and fix leaky faucets to ensure that the home is move-in ready andisn't considered to be a fixer-upper.
Knowing what buyers want in the real estate market will allow you to makeimprovements and changes to your residential property. By improving the qualityof the home and pricing it right, you'll find a buyer sooner and can enjoy asmooth transaction.