Selling a Home – Reasons You May Not Find Any Buyers
When putting a ‘For Sale’ sign in your front yard, you may assume that it won’t take long for your home to be sold off. However, you never know, it may take a few months before anything substantial takes place. The problem with houses that have been listed for a while is that no one really wants to buy them. In your mind, you may have the most wonderful home on the planet and you left no stone unturned to make it perfect for impressing potential buyers. Yet, you get no luck at all. Why is it so? There can be a number of reasons for this.
The Price Tag Is Way above the True Value
For you, your home may hold special emotional value, particularly if you have lived there for some time. For the average buyer, the price tag should reflect the true value of the home rather the value you attach to it. Be realistic and fair and charge a price that is based on the real value. This way, you will have a better chance of finding a buyer.
The Price is High Considering the Neighborhood
Through no fault of your own, the price of your home may appear high to the buyer. This is often the case when the price you are asking for is above the general level in the neighborhood. You have to make sure there isn’t a huge gap between your asking price and the prices of the homes surrounding it.
The Design Doesn’t Make the Grade
In your opinion, décor of the decades gone by may have been the best but considering a buyer’s perspective, he/she would have to spend a substantial sum of money to redesign the home. You will have to take the fall for an outdated home design.
The Home Is Cluttered
A big turn-off for buyers is to inspect a home where there is too much stuff belonging to the owner. This doesn’t just include the furniture and fixtures but also the pictures on the wall. Make sure you move as many of your belongings out of the way as possible before showing off your home to an interested party.
These are the factors that you can control to a certain extent. Making the necessary adjustments will make it easier for you to find a buyer. However, there are some things that are beyond your control. For instance, you cannot do much if the house is in a bad location or was designed poorly by the architect. You also have to keep in mind that the real estate market has been in a state of turmoil since 2008 when the bubble burst. That may also prove to be a factor.
Sometimes, it may be beyond your reach to influence buyers to show interest in your home. But if you can, make sure you do make the necessary changes required to improve your chances of selling the house.