Home Sales Fundamentals: What Every Homeowner Should Know

3 Reasons Your House Is Not Selling

If you put your house up for sale months ago and haven't had a lot of interest in it from buyers, you may need to start investigating why your house is not selling. It can take a few weeks or months to sell a house, but most homes will sell within three to six months. If it has been longer than six months, you should investigate these factors that might be preventing it from selling.

The price

If you talk to your agent about why your home is not selling, he or she will begin determining the answer to your question by examining the price you are asking. In most cases, it is the price that is preventing the house from selling. If you want to sell your home, it might require lowering the price to one that is more reasonable.

The way it compares to other homes

When people look for a house to buy, they will look at multiple homes for sale. As they do this, they will be comparing these houses by the condition and value of the homes. If your house does not seem like a good deal compared to the other homes that are currently for sale, this could be the answer to your question. If this is the case, you could either lower your price, or you could make some changes in your home to make your house more attractive. For example, if other homes in the same price range all have brand-new kitchens, you may need to renovate your kitchen and then try to sell it.

Defects it may have

The other thing to consider is the defects your home has. If your home has a bathroom that has not been updated in 40 years, buyers may consider this a defect, especially if other similar homes have modernized bathrooms. Take a good look at your home to see if there are any defects that could be turning off buyers. If so, your best bet for selling the house is fixing the defects so they are no longer present. If you do this, it could help you sell your home.

Talking to real estate agents is a good way to find out why your home is not selling. After talking to your agent and reviewing these three factors, you may come up with some ideas to try that could help you find a buyer for your house. 

About Me

Home Sales Fundamentals: What Every Homeowner Should Know

When I decided to sell my first house, I had no idea how complex the process was going to be. From meeting with several real estate agents to completing the listing and scheduling open houses, it was more demanding than I thought. When it came time to entertain offers, I was at a loss for how to evaluate each one objectively and I made some mistakes that I wish I'd known better about. Now that we've left the closing table, I wanted to create this site to help others who may be new to listing a home. Read through what I've learned so that you can be better prepared for the process yourself.



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