Whether you need to relocate for work or you are purchasing a home closer to family or an excellent school, you have listed your home with the intention of selling it. Everyone hopes to sell their home in as little time as possible, and when that doesn’t happen, it can leave you wondering what is going wrong.
While problems selling your home are definitely unwanted, there may still be some good news! In many cases, there are steps you can take to remedy whatever problem is preventing your home from selling..
The most common reason for homes not to sell as quickly as they should is an issue with the price. There is a great deal that goes into pricing a home accurately and that is for good reason. If you start out too high, even in a seller’s market, your home can sit on the market without any traffic. As Guelph realtors, we understand many people want to price their homes higher in the beginning as a way to “leave room” for negotiation. Our experience in the industry has shown us that this method of pricing a home just leads to longer time on the market and possibly even a lower selling price.
By pricing your home correctly from the beginning, you are more likely to sell your home at a price that works well for you. If your home is currently priced too high, that could factor into why your home has not yet been sold.
The condition of your home, especially in relation to price, will also have an important role in how quickly your home sells. If your home is priced according to the homes being sold in your local area, but it hasn’t been looked after in the way the other homes have, it isn’t going to sell.
In situations where a seller’s home could use some “TLC” we recommend taking care of the more inexpensive jobs and adjusting your price to accommodate for anything that has not been taken care of. This will give buyers more of an incentive to purchase a home that they know will involve additional time and money on their part.
How your home is being marketed to buyers is another thing you should take a look at if your home isn’t selling fast enough. Your Guelph realtor should be helping you stage, photograph and market your home to appeal to the largest number of buyers.
While we may not be able to help you with issues involving your title or other things of that nature, we can definitely help you sell your home if price, condition or marketing are your issues.
If your home hasn’t sold yet, it’s time for a change. For help selling your home, give us a call today!
