3 Factors That Can Determine Why Your Home Is Not Selling

Posted on: 18 October 2016

A hot market does not always equate to selling a home quickly. Potential buyers might still pass on your home even if comparables in your home are selling. If your home has been on the market for awhile, here are some areas to focus on to pinpoint why it is not selling.

The Price

The most obvious place to look when your home is not selling is the price. If you push the price higher because of how good the market was for sellers, it could be time to lower your price. Lowering your price does not mean you will not get a good price for your home. It just means you are increasing the chances that more people will take interest in it. If you can get several interested parties in a bidding war, you could get what you originally wanted for the home.

Ideally, you should work with a real estate agent to determine the right price. Pricing the home based on what you feel it is worth or the money you have put into it could easily price you out of the market. The real estate agent relies on research, such as assessing comparables in the area, to determine a good price for your home.

The Photos

Many potential buyers turn to the Internet to find homes they are interested in so they can save time on driving from home to home. If your home's photos are poor quality, you could lose potential buyers without ever getting to meet them.

Before taking photos, take the time to de-clutter and organize your home. You need your home to project the idea that there is a lot of room to be found there. You also want to remove your personal items out of the picture's frame because buyers need to be able to envision themselves living in that space.

If you are having trouble capturing good pictures, consider working with a professional photographer. The cost of hiring a photographer pales in comparison to your home continuing to sit on the market.

The Appliances

Kitchens can help to sell a home in today's market. Unfortunately, your home could be passed over by potential buyers if the kitchen's appliances are not in good shape or look old. Even if the rest of your home is renovated, buyers might be reluctant to commit.

Although you might be trying to avoid additional expenses in preparing your home for selling, this is one expense you might have to take on. Remember, the investment can pay off when potential buyers make an offer on your home.