It’s true that the real estate market isn’t at the top of its game. But even so, if your home is on the market and has been for a while, here are some other reasons why from http://homesforsaleloganut.com:
Priced too high
A home priced higher than what the market indicates and potentially over what it appraises at is the most common reason a home doesn’t sell. When listing your home, keep in mind that you’re going to get the most activity within the first 30 days. If it’s priced too high, buyers who would have qualified at a more reasonable price will walk out the door and not come back. And if your home doesn’t appraise at the inflated price, you will have to reduce the price anyways.
If you can’t reduce your price, try looking at these other possibilities preventing your home from selling:
Your home isn’t putting on the best show
A higher number of homes on the market means buyers can afford to knit pick, and they don’t have to settle for a mediocre home. Give buyers something to get excited about, such as painting, cleaning the carpets and fresh fixtures. Household odors can also turn buyers away, so rid your house of stenches stemming from mold, animal urine or cigarette smoke or lose a potential buyer.
Location, location, location
Of course, you can’t really do much about where your house is located, or the schools that serve your neighborhood or the highway on which thousands of vehicles zoom past your home 24 hours a day, seven days a week. And while some buyers may consider it ideal, others may not. But if its location is generally unattractive to most of the house-buying population, the best you can do to help it sell is lowering the price or, if you can’t, offer something different from the competition, such as seller financing or add furniture to the asking price.
A poor agent
If your agent tells you he or she can get you more for your home than other agents, that’s a red flag to turn to an agent who is honest and realistic. It takes more to sell a home than putting a sign in the yard and placing the home on the MLS. And a good agent will give you feedback on showings, return your calls or e-mails in a timely manner, and work congenially with other agents. If you discover that the problem with selling your home lies with your agent, you may have to wait out your contract, but most agents will release you from your contract at any time. A good agent wouldn’t force you to work with someone with whom you’re not satisfied.
Inadequate marketing
Today’s Realtor must go above and beyond the yard sign and MLS listing to including your home on a robust online marketing site, since 90 percent of buyers start their search online.
But print media is not dead when it comes to real estate, and many people who haven’t entered the world of the Internet rely on newspapers for open houses and local real estate publications.
In a nutshell, today’s best agents must take advantage of all levels of marketing, from the World Wide Web to the newspaper to yard signs, color flyers on the sign, multiple phone numbers, MSL listings, directional signs on busy streets, multiple open houses and more. Make sure the agent you hire has such a multi-level marketing strategy.
In addition to what your agent can do to sell your home, give buyers a good reason to buy it. Those in the market to buy know they have plenty of houses from which to choose, and they’re looking for the best deal as well as the perfect home. Make that your house.
If your home isn't selling, consider these improvements
Posted by BoulderRealEstate at 7/10/2010 10:37:00 AM