Why Is My House Not Selling?

why-is-my-house-not-selling

Whether you listed your house as a ‘For Sale By Owner’ yourself or you hired an agent to list the house on the market you may find yourself wondering why you haven’t gotten any offers yet. There are a million and one possibilities as to why you haven’t gotten a serious offer yet. Let’s explore a few of them.

Are you priced too high?

Websites like Zillow, Trulia, and Redfin give a homeowner an estimate of what their house is worth. While it is great that they do that, many homeowners set their expectations too high and lose sight of the fact that they are formula generated estimates. While the estimates are a decent idea of what you could potentially get for the home, they are not perfect. 

If you think you might be priced too high, look at some other houses in your neighborhood for sale. If you are asking $200,000 and your neighbor with the brand new kitchen and bathrooms is asking $205,000, you may be out of luck. 

Is your house updated?

In competitive markets it is not easy to stand out and be the house buyers want. Features like stainless steel appliances, quartz or granite countertops, and updated bathrooms are considered a must if you want to get top dollar for your house. 

Put yourself in a potential buyer’s shoes; you are looking for the best product for the lowest price. If your master bathroom and kitchen need to be redone and you have the highest asking price in the neighborhood you are going to have a hard time. 

Is your home too personalized?

This may sound like an odd question to ask yourself but it is a very common issue many sellers run into. One that we feel would make a large impact if fixed. Here is a hypothetical situation that may help you understand our point of view on this topic. 

Seller A and B have the same exact house and are asking the same price. Seller A has a home that is designed to their own wants and needs; quirky colorful art pieces on the walls, trinkets and collectibles placed all around the home, bright and eccentric colors painted on the walls. Seller B has a home that they are getting ready to sell quickly; completely decluttered, a fresh coat of white paint throughout the home, and a good deep clean. What house will sell first? Our money is on Seller B.

Potential buyers need to be able to see the house as their own. Having potential buyers see cleared off countertops, fresh white walls, and clean bathrooms will only raise your chances of getting an offer. When you think about it, which house would you want to buy?

Do you want to avoid all of these pitfalls? Do you not want to deal with the inspections and showings? Give FL Home Buyers a call for an offer today! We buy houses fast and we pay cash.