Why Isn't My Home Selling?
I’m unable to sell my home –
it’s one of the best, but no one is ready to buy it!
got the best home in the neighborhood. It has everything a buyer would
want, but you are unable to sell it. Home buyers have come and gone and
no one showed interest or submitted an offer on your home. Not sure of
the reason why this is happening?
But why? What’s the reason?
get to know the reason, the first thing you ought to do is check out
the property the home buyers who came to see your home bought instead of
yours. This will give you a clear idea as to what might be causing the
buyers to drift away. You might need to work on home enhancements and
other factors. Let’s see what those factors can be.
Not offering the right price
most important aspect that a buyer looks for when purchasing a home is
an affordable price. A capable buyer will be smart enough to acknowledge
the right market value of the property and then go for the deal. So you
need to think one step ahead and set the price accordingly.
Your real estate professional can help you in this regard by pushing for more
from the buyer. However, all this depends entirely upon the basic laws
of supply and demand. You can never push the envelope beyond a certain
Not staying in the competition
In today's real estate market, chances of strong competition are quite high. There will
be other comparable homes available for sale you will be competing
against as well as new construction. And, the buyer is going to comparing home prices for sure. We
know that no two properties are the same; therefore the rates will also
be different. But the buyer is going to compare your home with others
that are available for sale within your community. You will need to
thoroughly research of the market prices of other homes in the your
area. Try to fit into the shoes of a home buyer...see what they
may be thinking when checking the price of a home in your neighborhood.
My home is priced right, what else could it be?
let us think of the situation when you have offered the right price for
the house, but still unable to get an offer. So, what could be other
possible reasons behind it? First of all, you need to check the floor
plan of the house. Each house is different, and having a traditional
floor plan when the buyer is interested in a more open floor plan or
vice versa, could be the one reason you are not able to sell your home.
buying a home, the person takes into consideration all these things.
After all, they are going to live here and these things will impact
their lifestyle and needs. If that’s the case, you might think about
getting the floor plan altered, update kitchen & baths, or bumping a
few walls to create a more spacious house. Consider the reasons why the
buyer is giving a pass on your home and then make the changes
accordingly. If it looks appealing, chances are that the buyer would go
even a little over of budget as well. So, think about all these factors
and try to renovate the home accordingly.
Don’t forget to add that special touch
the floor plan, another important thing to keep in mind before selling
the home is to check out the features it offers. Does it stand anywhere
near the competition when it comes to features? These days, people look
for properties that come fully equipped with the latest features, so
that they don’t have to run everywhere to get it installed later. If
your home offers all these things like newer appliances, updated
flooring and other features buyers are looking for in today’s Sarasota
real estate market, you will be sure to have a hot selling property.
You can even get more value, but...
Like I’ve said, users are ready to invest even out of their budget if they
find that your property offers value for money. Make them feel that the
money they are investing in your home is worth it. Let them know that
after buying your home, they will not need to invest even a single penny
to renovate and rework on it and this will save them not just money but
a lot of time as well. Pop up the question – if I drop the price would
you be willing to invest the time and effort to get things renovated
your way? And, chances are the buyer will jump at that chance.
they say, prepare your home so that the buyer does not even have to
look for a second option. So go ahead and do that. If you need advice we
are here to help you.
Remove all clutter and personal items
more thing you ought to do is here to de-personalize your home before
you list your home for sale. Why is this important? Because it makes it
easier for buyers to see the house and how their things will fit into
the home and they can better visualize how their possessions are going
to fit in!
Chances are the buyer was not actively looking
biggest irony you will commonly face when selling a home is to find out
that the perfect buyer for your home was not ready to actually buy a
home yet. Like they say, each home has a perfect buyer. But finding the
perfect home buyer can be a challenge. You have to be patient, while
looking for the right home buyer they may be sitting at home. Once they
will come and see your home, it won’t take long for you to sell your
But, they have to buy a home
All the factors
mentioned above might prompt the buyer to drift away from your property.
But still they need to buy a home, and they choose another option. If
this is the feedback you get for most of them, then chances are you need
to make some adjustments so that the property fits within those
requirements that are drifting buyers away. Otherwise, it could be a
really long wait for the best buyer to come and invest in your property.
Make the home market friendly
most important thing to get your property to sell is to market it in
the best possible manner. You may have listed the property on hundreds
of real estate websites, but to no avail. Realtors® in Venice FL might
also be bringing buyers to show your home, but it did not sell.
pricing might be the number one reason behind it. It is of high
probability that you have not priced your home according to the
competition. And, this competition is going to get harder with every
passing day. Think of it like selling sodas in the market. There are
three options available. The first tastes good, but is not marketed
well. The second one tastes almost the same, but is marketed in a clean
case and attractive banner, and is priced a couple of dollars more than
the first one. The third one goes a step further and adds that extra
fizz to the taste, which does not cost the company a lot of money. They
ran a whole campaign around this added fizz. They price it at a few
dollars more than type two. The soda drinkers choose the third one, even
though it is the highest priced of them all.
Can you draw the
conclusion? It did not have something out of the ordinary which the
first two did not have, but it was marketed well. That’s how they caught
the eye of the soda drinkers. That’s exactly what you have to do when
selling your home.
People want to feel that they are buying the
best that money can get. So, you need to present your home in such a way
that it is the most desirable option for them. Beauty, value for money
and whatever it takes to capture their attention – you need to bring it
in front! So that your home can come in the eyes of potential buyers and
they can make the decision. Make the user feel good emotionally; the
home buyers are bound to make investment in your property if they are
seriously looking to buy a home right away.
Encourage the buyers
like anything else, you need to make every effort to sell your home.
You might think that you are doing everything possible to sell your
home, but your home still is not selling. Your price is right; you have
made all the changes. You even invested time and money in marketing your
home. Why is the property still not selling then? The most probable
answer to this question can be – sometimes it just takes time.
you, nor your Realtor® in Venice FL or the real estate agent you chose,
nor is the property to be blamed for this. You just have to stay
positive and wait for the right buyer to come.
Remember just like
you the real estate agents you have decided to market your property for
sale are are also under pressure. After all, they have made all the
possible efforts to get you a home buyer for your home, but it just
isn’t happening. Like they say, sometimes you just need to be patient.
The grass isn’t always greener on the other side, it will always appear
greener. Have faith in the Realtor® agent you have chosen and hope for
What Is Your Florida Home Worth?
Click here to find out what your home is worth INSTANTLY