6 Reasons Your House Isn't Selling.
Things
to consider... Price, Location,
Marketing/Advertising, Terms, Condition
of the property and Current Market
Factors. If not kept in perspective,
any one of these issues can compromise
the chances of your home selling.
1.) Price: Is your home priced competitively
within the current market comparables? How is your competition
priced, and are they offering incentives? What is the pricing
trend in your area?
2.) Location: Obviously this is
something that you can't change.
However, these factors should be
taken into consideration when determining
the price of your home...is your
home located on a busy street, not
in a residential setting, or has
some other negative surrounding
feature?
3.) Marketing/Advertising: Whether
it's in person, in print, or online,
the more prospects that see your
home the more chances you have to
sell! Internet advertising is crucial,
8 out of 10 home buyers start their
search on the internet. Your home
should be in front of as many people
as
possible!
4.) Terms: The terms of the sale
are key. First of all, how easy
is it to show your home, do you
have restricted days or hours that
your home can't be shown? Are you
asking for a rent-back or long escrow?
Make your home easy to show. Try
not to have any deterring conditions.
5.) Condition of your home: How
does your home show? How's the curb
appeal? Does your home need paint,
flooring, a new roof, de-cluttered,
or landscaping etc? Try to look
at your home as if you were a Buyer
seeing it for the first time.
6.) Current market conditions: Are
prices headed up, down or just
stabilizing? How is your markets
inventory? How many homes are available
that fit your homes criteria? What
is the average days on the market?
Are interest rates on the rise?
"Supply and Demand" is
always a factor.
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