If your home has been on the market for a while, you’re probably wondering, “Why is my home not selling?”
The first thing you should look at is your list price. Price is the main factor that prevents a home from selling. Thanks to the Internet, people can do all the research they need when they are looking at homes. Buyers will know if your home is overpriced.
Nowadays, buyers can see other properties in your area, look at what those homes are selling for, and decide whether your home stacks up against the competition. If your home is $5,000, $10,000, or $20,000 off, that will throw you right out of consideration. Some buyers won’t even bother coming to look at your home in person.
Nowadays, buyers can see other properties in your area, look at what those homes are selling for, and decide whether your home stacks up against the competition. If your home is $5,000, $10,000, or $20,000 off, that will throw you right out of consideration. Some buyers won’t even bother coming to look at your home in person.
An incorrect price is the main factor that prevents homes from selling.
The second thing that might be keeping your home sitting on the market is marketing. If you are not listed on the MLS, your home is not getting any exposure. If you are working with an agent, you should ask about their marketing plan. There are about 400 active agents in our area and most are working with a few buyers, so if you’re not getting that exposure from the MLS or your real estate agent, that could be why your home isn’t selling.
