.
The housing market has made some significant strides over the last several years and home sales have been on a steady climb in most locations. That’s encouraging if you’re planning to sell but it doesn’t guarantee that buyers will come flooding in once your home hits the market. If you’ve already listed your property and the months have been dragging by without the slightest nibble from buyers, it may be due to one of these five things.
1. YOU’RE ASKING TOO MUCH.
If you’re never sold a home before, figuring out how to price it can be tricky. Your real estate agent’s job is to help you pinpoint a number that makes the home attractive to buyers but also puts money in your pocket once the sale is complete.The only problem is that the agent also has an interest in the price, since they get a cut of what you sell the home for. If your agent suggests a higher price to try and snag a bigger commission, it could backfire if buyers don’t see your home as a bargain.
2. IT DOESN’T STAND OUT.
Part of marketing your home to buyers is making it look as appealing as possible in your online listing. If there are hundreds of other homes for sale in your area, slapping up a few pictures you took with your cellphone just isn’t going to cut it.Your online listing is a chance to really showcase what’s best about your home so if your virtual listing is just blah, don’t be surprised if it’s not getting much traffic from buyers.
3. YOU’VE NEGLECTED THE OUTSIDE.
It doesn’t matter how impeccable the inside of your home is if the first thing the buyer sees when they drive up is an overgrown yard or broken shutters. Curb appeal can make or break your prospects for getting an offer so if you’ve let the weeds take over or your home’s exterior or the outside needs a few minor repairs, tackling those chores should be at the top of your to-do list.
4. YOUR AGENT’S MARKETING PLAN IS A FLOP.
As mentioned earlier, your agent has a financial incentive to make sure your home is sold and one of the ways they do that is by marketing the property in a way that leads to a contract. That means doing more than just putting a “For Sale” sign in the front yard but in some cases, your expectations may not match up with the effort your agent’s putting forth.If you feel that your agent doesn’t know what they’re doing or else just doesn’t care enough to give selling your home 100%, it may be time to find out what your options are for getting released from your listing agreement so you can find an agent who’s a better fit.Buying a new place? Check out mortgage rates here.
5. THE NEIGHBORHOOD’S NOT THAT GREAT.
In real estate, it’s all about location, location, location. Even if you’ve got what you consider to be a dream home, for buyers it’s not going to matter if the surrounding neighborhood isn’t so hot.Out of the five factors listed in this article, this is the one you have the least amount of control over. But it doesn’t have to be a total deal-killer. You just have to figure out who your target buyer is and what it is they’re looking for that your home has, then play to those strengths in your marketing plan.
THE BOTTOM LINE:
Having your home languish on the market for months is no picnic, especially if you’re ready to move on to another property. Pinpointing the issues that are holding you back from locking in a sale can help you retool your approach so that the offers begin rolling in.
Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"
Related Blog Posts
BLOG NAVIGATION
ARCHIVES
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2020
- February 2020
- January 2020
- November 2019
- October 2019
- September 2019
- August 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- April 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- October 2016
- September 2016
- August 2016
- September 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- October 2013
- September 2013
- August 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
