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TOP 5 REASONS YOUR HOUSE IS NOT SELLING

You have tried almost everything

It can be frustrating when you’ve done everything to sell your home but it’s still not moving. In a good market, there are usually a few reasons why your home hasn’t sold as quickly as you’d like. By taking a close look at the price and condition of your home, as well as the listing agent’s reputation, location, and marketing plan, you can get closer to finally selling your home.

1) The Price Isn't Right

When it comes time to list your home, you’ll want to get a market evaluation from a few different real estate professionals. This will give you a well-rounded idea of what your home is actually worth.

It’s important to be aware that sometimes real estate agents will inflate the price of a home in order to get the listing. If one agent suggests a price that is significantly higher than what the others are saying, it’s a red flag that this person might not be the best choice to work with.

Ultimately, the market value of your home is what matters. If you list your house for more than it’s actually worth, you’ll have a harder time selling it. Buyers may perceive such a home as being “overpriced” and you could end up selling it for less than you would have if you’d priced it correctly from the start.

Staged home

2) Listing Photos Don't Show The Home at It's Best

As a homeowner, it’s easy to get attached to your house and overlook some of its imperfections. However, when you’re selling your home, it’s important to remember that buyers are looking for a near-perfect property. This means that your home should be clean, in good condition structurally and mechanically, and decorated in a style that pleases the eye.

If you want to get the best possible price for your home, it’s best to make any necessary repairs or improvements before putting it on the market. Otherwise, you may find yourself having to accept a lower offer from a buyer who takes into account the work that needs to be done. In the end, it’s better to invest some time and money into making your home perfect – or as close to perfect as possible – before putting it up for sale.

3) The Property Wasn't Well Staged

The paint inside and out should be in good condition. Everything should be kept perfectly straight and orderly. A seller should walk through the house as if they are a potential buyer, being very critical and asking whether they would purchase a home in this condition.

A Real Estate Professional can assist you in this task. They can take an unbiased look at your home and suggest ways to improve your home and most importantly, increase your total profit and thats the bottom line. When your home is in its “best” condition, you are more likely to receive the best price. While it may seem a lot of work, repairing these items will benefit you in the pocketbook.

4) Unfavourable Market Conditions

There is however one thing you may not be able to overcome – a bad market. In this situation, there are many factors beyond your control. A good Real Estate Professional, however, can offer some ideas and suggestions when faced with one. For the most part bad markets are rare. In most cases, in a good market, when price, condition, your Real Estate Professionals, location and the marketing plan are established your home will sell quickly and at the best price.

5) You Didn't Work With a Professional

You might not be a negotiation shark if you don’t happen to be an attorney, mediator, union rep…or a real estate agent. Remember that fiduciary responsibility your agent has to you. It’s your agent’s job to get you the best possible price for your home, or to see to it that you get the best possible deal on the property you want to buy.

Agents are trained to negotiate well, if only from experience. They know what normally works and what does not. Most have tried-and-true techniques all their own. And, most importantly, they have no emotional stake in the outcome that can cloud their thinking.

You, on the other hand, might be willing to come up with $10,000 more to purchase that to-die-for home, never realizing that it’s really not necessary because you possess certain bargaining chips. It’s just more money saved if you have an agent who prevents you from taking an unnecessary financial plunge.

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