What To Do When Your Home Is Not Selling

What To Do When Your Home Is Not Selling

What To Do When Your Home Is Not Selling

14 May 2020
Real Estate, Blog

Have you had your home on the market for some time and not gotten an offer on it from an interested buyer? If so, it helps to know these tips on how to revitalize your home's listing.

Ask Your Agent If It's A Buyer's Market

It is possible that the market has shifted from when you first put it on the market. If there are a lot more sellers than there are buyers looking for a home, it will be a situation that favors the buyer. With plenty of inventory of homes for sale, it's possible that there are simply not enough interested buyers. This might mean you need to change your selling strategy or wait until the market flips to a seller's market. 

Analyze Your Time On The Market

Has it been a long time since you put your home up for sale? If so, its time on the market could be a hindrance. This is because buyers often look for homes that have been recently added to online real estate listings. A home that has been listed for sale for quite some time can have a reputation for something being wrong with it or that others must not like something about it for some reason. Simply taking your home off the market for a while and re-listing it can revitalize interest because it will show up as a new listing.

Ask Your Agent About Showing Feedback

Your agent has likely had people come through your home for showings, so there have been people interested enough to see your home and not make an offer. It is a good idea to talk to your agent about what kind of feedback those sellers have left and if there is anything you can do to improve your home to make it more marketable. They may consider talking to previous buyers that have seen the home and asking for their feedback or asking them to fill out a comment card after seeing the house. Any insight can be valuable to help sell your home.

Reassess The Price

Is your home overpriced? If you have had plenty of showings and no offers, it is possible that your home is simply priced too high. It may be time to reassess the price of and see how much lower you are willing to go. Even getting your home priced within a frequently searched price range can help make it more marketable to buyers.

To learn more and sell your home, contact a real estate agent.

About Me
Getting Real About Real Estate

Buying any piece of real estate is a big undertaking. You need to do your research and know exactly what you're getting into. You also need to hire an attorney, have the place inspected, work with a lender, and collaborate with your real estate agent. When it comes to such a big undertaking like this, it is really important to know what you're doing. So even if you are not planning to buy for a year or two, it is not too late to start learning. Browse the articles on this website to get started, and you'll watch your own knowledge grow.