This Is Why Your House Won't Sell

Sunday, January 26, 2020
Eventually, the time will come when you put your home on the market, hoping that some lucky buyer will place a winning bid and move in shortly thereafter. Every year, millions of homeowners do just that believing that they’ll be able to sell their property quickly and find a new home elsewhere.

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A significant percentage of those sellers, however, find that they’re not able to sell their homes anything like as fast as they want. Three months roll by, then six months, and their property is still on the market. After a year, they throw their hands up in the air and wonder whether it is worth selling their home at all!

Fortunately, identifying the reasons a house won’t sell is surprisingly easy. Usually, it comes down to one of a small number of issues that you can fix. Take a look at the following reasons why your house won’t sell and what you can do about it.

You’re Not Marketing Your Home Correctly
The marketing of your home is the responsibility of your estate agent. In the past, real estate agents put advertisements for properties for sale in their shop windows, providing information to passing prospective buyers. Today, however, there are way more outlets, thanks mainly to the internet.

A good agent today will put a house or condo for sale on third-party property buying and selling sites. These platforms don’t replace the agency - they just expand the reach of its advertising. If you’re not on any of these already, take the issue up with your agent and, if necessary, switch to a better one.

Your Home Isn’t Fit For Sale
Some homes just aren’t fit for sale. There are fundamental problems with them that put buyers off and make them look elsewhere. Remember, not every potential buyer can look beyond the flaws and see your home for what they want it to be.

If you think your property has issues, hire a home inspector to identify and evaluate them. With a proper inspection, you can determine the real value of your property and make the right investments to increase the chances of a sale. Plus, you'll avoid surprises that may come up in the home inspection at closing time.

Your Photos Are Poor
Good photos sell a home. They’re the first impression and the most crucial information you provide about your property to prospective buyers. Without great images, you won’t attract the right buyers or get any offers.

Taking quality photographs of a property is a substantial challenge and something best left to professionals. The pros know all the best angles to create a favorable impression of your home that will encourage buyers to come and look round. A picture, as they say, is worth a thousand words.

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Your Home Is Too Expensive
Sometimes the reason your property won’t sell is totally out of your control. Economic hardship in the local area, for instance, can cause house prices to crater, and there’s not much you can do about it as an individual.

Under these circumstances, you have a choice. You can either lower the price of your property or stick it out to see whether economic conditions improve. Remember, if you wait, you may be doing so for a long time.

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