Learn how to sell your house more effectively and speed up the process! This article will help you identify possible contributing factors and solutions to the lack of offers on your home.
Putting your house on the market is just one step into starting the next chapter of your life in a new house. But what if you’re getting a lot of showings but no offers on it? Or maybe you are getting offers but they are far lower than what you think is reasonable for your home.
The longer that you have your house on the market, the harder it will be to sell your home. People will see a home on the market for a long time and think there’s something wrong with it. By reading on, you can learn about why you’re not getting offers and what you can do about it.
Table of contents:
- Common Reasons for Not Getting Offers on Your Home
- What You Can Do to Get More Offers on Your Home
- Alternative Solution
Common Reasons for Not Getting Offers on Your Home
The first thing that should be addressed is understanding the most common reasons for a house not selling. This section will take a closer look at some of the most common reasons for not getting offers on the home as well as the solutions to help you overcome these problems.
House is Cluttered and Looks “Lived In”
Does your house have a lot of clutter around it? Maybe there are dishes in the sink or moving boxes stacked up.
Your house should look like a model home on the market, not a home that is actually being lived in. Buyers need to be able to imagine themselves in the house, otherwise they won’t feel like your house is the right fit. The house should look as clean as possible and only the essential furniture should be out. Otherwise, the house looks small and cluttered, which will be a major turn off for potential buyers.
No Curb Appeal
First impressions are so important in every aspect of your life, including selling a house. If your house lacks any curb appeal, the potential buyers will judge your house before even walking in. This means that they won’t give the interior of the home a fair shot. Make sure that your house has a neatly mowed lawn, properly trimmed landscaping, and just generally be aesthetically appealing.
House Requires a Lot of Work
Does your home need a lot of upgrades to modernize it or a lot of repairs that need to be completed? Your typical home buyer will want to do as little work as possible to a home, this is especially a problem if the house isn’t move in ready.
You may need to fix these issues if you want to sell your house for the maximum profit. Otherwise, people will be hesitant to take on your house as a project.
House is Priced Too High
Is your asking price too high? You may have an appraisal of a certain amount when it comes to pricing your home, but the real estate market is also a major factor in the listing price. If your price point is much higher than average homes in the area, you will have a harder time during the selling process.
What You Can Do to Get More Offers on Your Home
Now that you have a solid understanding of why you may not receive an offer on your home, now it’s time to look at some advice on how to sell faster. By following the recommendations below, you should be able to sell your house in no time.
Find and Hire a New Real Estate Agent
One major problem that you may be having is your real estate agent. They may not be doing enough to market your home, is inexperienced, or may not be able to properly close the deals when selling your house.
They get a significant cut of your profits for their commission, so it’s important to make sure that you are spending that money wisely on a real estate agent that will sell your home for as much as possible.
Your listing on the MLS (Multiple Listing Service)
Make sure that your listing is complete, up to date and looks attractive. The MLS is a public database where real estate agents search for homes for their clients to purchase or rent. Well-written descriptions and complete details; along with professional looking photos may be the key to attracting more attention to your home.
You want to make it as easy as possible for real estate professionals to see your house. By keeping your listing description up-to-date, you are letting prospective buyers know that there is still interest in the home even if they have not seen it yet. This could be a key factor in easily attracting more offers on the property.
Adjust the Listing Price
With a good residential real estate agent, they can work with you to show you the CMA (Comparative Market Analysis) so that you can see what your house looks like in comparison to other houses in the area. Your listing price should be comparable to the CMA, as there are numerous factors that other things don’t consider when coming up with home values.
If you’re not selling your home fast enough or getting any offers, you may consider a price reduction. A reduced price by between 3% and 5%, you may have better luck selling your home.
Invest Wisely in Upgrades and Repairs
As previously mentioned, a home buyer usually won’t want to put in a lot of work after buying a home. They just want to move in and live happily ever after.
If your home needs a lot of work, this work should be completed before putting your house on the market. However, you don’t want to spend money that you won’t get back. Repair important things that will be seen on home inspections and any upgrades that will give you the most bang for your buck. Sometimes something as simple as fresh paint on cabinets and new hardware can give your kitchen a more modern look and have a lot of impact.
Improve Marketing Strategy
Selling a house is just like selling anything in any other industry. There are many other houses like yours on the market, so you need to make yours stand out. That’s why you should be investing in a better marketing strategy to get more attention on your home, which will lead to an increase in the number of showings that you get. The more showings that you get, the more likely you can sell your home.
Now the big problem with all of this really comes down to timeline. All of these problems and solutions take diagnosing, solving and overall–time. If time is not on your side, you may consider a faster and simpler solution to selling your home.
One sure-fire way to get an offer on your home is to go with an investor like Keystone Home Buyers. KHB is prepared to help you sell your home fast. Get a cash offer on your home and close in just days, or if you prefer we can connect you with suited professionals to help you sell your home wherever you are in the United States.
The advice here can be extremely valuable for you to get the offers that you need to sell your house for a fair price, allowing you to move onto the next chapter of your life. These issues with selling homes are a lot more common than you may think, but there are many different solutions that can help you increase your chances of getting offers and getting your home sold.