Whether you need to sell your home because you are moving for work or you simply want to downsize, you want to sell your home quickly. But sometimes that’s just not in the cards. It’s stressful enough to sell a home. But when the house didn’t sell, it’s even worse.
When you have a house on the market and it isn’t selling, it’s very frustrating. When your home is on the market for a long time, there’s a good chance that you are going to have to settle for a lower price.
Based on where you live, the amount of time it will take for a house to sell is going to change. In general, the highest price you are going to get for the house is when it sells in the first month that it’s been listed.
Below are a few common reasons why a house didn’t sell.
Why Haven’t I Sold My House?
There’s quite a few reasons why a house didn’t. It’s possible that you aren’t in a buyer’s market and that’s why your house didn’t sell. The house could be thought overpriced. You also might be in an area that is unfavorable.
If you are working with a realtor, there are a few questions that you might want to ask them:
- How does the house’s listing look when compared with other houses that are priced similarly in the area?
- Is the house listed in multiple local listing services?
- How many inquiries became showing appointments? Why didn’t they come to the showing appointment?
Make sure that you’re objectively looking at the situation and considering everything that surrounds your situation and neighborhood.
What are the Common Reasons A House Didn’t Sell?
The main reason that a house didn’t sell is due to the price. Most people overvalue their house, since they have an attachment to their property and it’s often misleading.
A survey of realtors was done back in 2018, and almost half of them discovered that among the biggest challenges that are faced by sellers is not overpricing their house.
Do some local research so that you can see what the other houses are sold for in the area. Then adjust the price of your house so that market demands
Do local research to see what other homes are selling for in your area, and adjust your price to reach market demands.
Why Hasn’t My House Sold in Massachusetts?
One thing that you should consider about why your house hasn’t sold yet in Massachusetts is what time of year it is. During the winter, it’s very cold. Therefore, buyers are going to have a hard time imagining what your house and garden are going to look like when the snow’s melted in springtime.
Did you research the other listings that are in the same neighborhood and adjusted the price that you are selling the house for based on that?
Potential Reasons a House Didn’t Sell
There are multiple reasons why houses don’t sell that you should consider when listing your property.
If you aren’t selling your house, it could be because it’s currently a buyer’s market. The market constantly fluctuates, so you want to get the help of an agent to find out when the optimal time will be to get your house listed.
One thing that will play a big role is what season it is. Early spring is a great time to do it. Market starts flooding in the later part of spring and early summer. Then it starts slowing down greatly in colder months.
Make sure that you’re strategic with timing and chances are that you may be selling your house faster.
The House Hasn’t Been Staged Adequately
Staging is a big thing. You are more likely to have a buyer quickly when they are able to potentially see themselves living in the house.
There’s a much better chance of selling your house quicker when it’s staged properly. Make sure that your house doesn’t look cluttered, small and dark. When a house is poorly staged, it can highlight the flaws that you’d rather buyers not see. It also can go the other way and hide the gorgeous assets that it offers.
It’s Listed Without Professional Photographs
Before buyers come to view homes, they are going to search online and see what’s for sale where they want to live. If you don’t have photos up that do your house justice, then buyers aren’t going to come to see it in person.
Don’t take the pictures using a cell phone. Rather, hire a professional photographer who specializes in real estate photos. Those professional pictures are going to help you get noticed and bring in more interested buyers. When you have a lot of traffic, you are going to have a better chance of selling.
You’re Not in a Desirable Location
Sadly, one of the reasons that your house isn’t selling is because of where it’s located. When you want to sell a house, location is everything. Are you really far from good schools? Is it close to a very busy highway?
Homes that are unfavorably located will take a lot longer to get sold. They even might sell for much less than what they’re listed at. Get your realtor involved and create a marketing strategy that’s creative for getting your house sold.
It’s in Bad Condition
A home that’s been poorly neglected isn’t going to look good to the buyers. It also can mean that your house isn’t going to sell. One of the best things that can do is take care of the minor repairs.
It’s also a good idea to get the house inspected prior to listing it. This will help you with addressing any of the issues prior.
Consider getting your home inspected before listing it online so that you can address any issues prior.
My House Didn’t Sell – Now What?
If you are finding that selling your house is a big struggle, and you’ve tried just about everything that you can do to sell it, think about talking to our company and getting a no-obligation quote. You don’t have to worry about doing any repairs and we are happy to give you a fair cash quote for your home.
Even if you have any questions and want to know more about what we can do for you, we are happy to chat with you. Don’t struggle to sell your home. Contact us today and let’s show you what we can do for