Reasons Why Your Home Didn't Sell

 

If you have been on the market for quite sometime or your listing expired, the reasons below will help you understand why.

 

1. Price of Property

 

How did you and your realtor set your list price, is it comparative to other homes in the area similar to yours? Have you priced your home way higher than what the other homes in your neighbourhood have sold for? Having an honest and accurate market evaluation for your property is your#1 priority. Contact me today for your FREE listing of homes recently sold in your neighborhood.

 

2.  Condition of Property

 

Have you ever heard of the term “how does the property show?” On a scale from 1-10 (1 being the poorest and 10 being the best) how would you rate your property? Does your home show like a model home or is it tired and worn out? Most buyers are looking for homes that show great and are in “move in condition”.

 

While selling your home, you must think like a buyer. If you were a prospective buyer and walked into your home, would you buy it in the condition it is in? If your home shows poorly and a buyer can find a home that shows a 7-10 in a similar price range, they will buy it first.

 

3.  Location of Property

 

Where is your home located? Are you located in a desirable area or an area that people might shy away from? Homes on busy streets, near industrial centres, backing onto railroad tracks or with messy neighbours might take longer to sell than homes in more desirable areas.

 

If your home is located in a poor area and you have listed your home for the same price of other homes similar to yours in better locations, your home might not sell. Homes in poor locations/neighborhoods need to be priced less than homes in more desirable areas.

 

If none of these reasons apply to your situation and you didn't sell your home, it might be the fault of the realtor who had the property listed for sale. Did you have a sign on the lawn, was your home on the Multiple Listing Service (MLS) and other websites, was there an aggressive marketing plan? Contact me today for a list of properties that are currently for sale in your area.

 

Your homes exposure on the internet is essential, over 80% of buyers begin their home search on the World Wide Web.  If a buyer doesn’t know your property is for sale, it will be a long time before you receive an offer.