If your home has been on the market for a few weeks or months, you might be doing something wrong. However, it’s not always easy to figure out what is wrong if this is your first or second time selling a home. If you’re trying to sell your home quickly for whatever reason then it’s irritating when you can’t seem to find any buyers. If you feel like it’s not your house that is the problem then you may consider looking at what is a contract for deed arrangement as it generally allows for a faster transaction and can open the door to more buyers. But if you feel like it could be your house that is at fault then here are the 5 most common reasons why your home isn’t selling:
1. Your home is priced too high.
When you’re selling your home, it’s easy to slap on a high price tag because you’re hoping your home will sell for that much money. Or, if you’re currently underwater on your home, you might need to charge a higher price for your home because you can’t afford anything less. However, you will need to do significant market research to find out if your home is priced reasonably in comparison to other similar homes in the area. If it’s not, you might want to consider lowering your asking price. You will know that you have set your home at the right asking price when you have several offers made on your house at once.
2. You have dated appliances or décor.
One huge reason that your home might not be selling is due to dated appliances or décor. You have to remember that not everyone has the same taste, so when it comes to selling a home, less is more. If your home has extremely stylized decorations or dated appliances, people are more likely going to be distracted by how much they will have to renovate as opposed to remembering the positive aspects of the house. Stick with neutral colors, current appliances and modern décor to play the safest bet. As well as the decor, you also want to make sure that anything that needs fixing has been repaired or replaced. For example, if you have noticed a crack in your front door, a broken hinge or just needs replacing overall, you could look into commercial door repair services to help fix this issue. You want to make sure every part of your home is in the best condition it can be. You may not realised but by not having your security systems up-to-date this can cause a devaluation in your home. You are going to want to install a home security camera online viewing system to show off the property to a potential buyer.
3. Your home is in a bad location.
This is an unfortunate reason why your home isn’t selling, but it is a big factor. If your home is close to a freeway, power plant or waste facility, you will most likely have to significantly lower your price before it sells.
4. Your have a poorly designed layout.
If your home has a bad floor plan, any inefficient designs or ineffective storage places, you will have a hard time selling. Why? Because people won’t be able to imagine themselves living in your home. The easiest way to remedy this is to lower your asking price, so that potential homebuyers will be able to afford renovations if that is something they desire.
5. Your home smells bad.
This is a big factor, and something you can easily control! If your home smells like smoke, pets or garbage, you’re going to have a hard time selling it. Make sure you spray some Febreze in your home before an open house. Better yet, bake some cookies in the oven so the smell of freshly baked cookies will waft through the house when potential home buyers are walking through.