Showing posts with label sellers. Show all posts
Showing posts with label sellers. Show all posts

Wednesday, October 26, 2016

Why Didn't My Home Sell?




You put your home on the market but yet it doesn't sell.  You ask yourself- Why?  

There are many reasons but these are the most common mistakes that kill most home sales.

1. How long the home was on the market and at what price – Pricing is by far the biggest reason why homes don’t sell.  Was the home listed for many months at an above-market price? Was the price reduced multiple times?

2. If the home was marketed properly – Was the house professionally photographed? Was the description accurate? 

3. Was it the agent you hired?  Do they work for a reputable firm? How long have they been working in real estate? Do they have a good online presence?

4. What is the condition of the home –  Does the home look like it’s in good condition? Are there only a few pictures? Does the listing have pictures of every major room in the house? If not, buyers may believe that there may be some serious condition issues in the rooms not photographed.

5. Was your home was staged? – This is an easy one. If the home was not staged buyers will see lots of personal items, family pictures, clutter etc. in the listing photos. Are the pictures of a vacant home?  All of these lead to negative perceptions of the home by a potential buyer

Wednesday, April 2, 2014

Sellers: The Five Biggest Turn-Offs For Buyers

A lot of sellers don't listen to their real estate agents, so we'll tell you what your agent wants to say, but can't say to you and this is it - your agent can't get you the price you want unless your home is in pristine move-in condition.

That means no sticking drawers in the kitchen. No leaning fences. No rust-stained plumbing fixtures. We could go on, but maybe we need to make it clear. If you have even one of following "turn-offs," your home won't sell.

Buyers can get instantly turned off. Here are their five biggest turn-offs:

1. Overpricing for the market
 2. Smells
 3. Clutter
 4. Deferred maintenance 
5. Dark, dated décor
 
Overpricing your home

Overpricing your home is like trying to crash the country club without a membership. You'll be found out and escorted out.

If you ignored your agent's advice and listed at a higher price than recommended, you're going to get some negative feedback from buyers. The worst feedback, of course, is silence. That could include no showings and no offers.

The problem with overpricing your home is that the buyers who are qualified to buy your home won't see it because they're shopping in a lower price range. The buyers who do it will quickly realize that there are other homes in the same price range that offer more value.
 
Smells

Smells can come from a number of sources - pets, lack of cleanliness, stale air, water damage, and much more. You may not even notice it, but your real estate agent may have hinted to you that something needs to be done.

There's not a buyer in the world that will buy a home that smells unless they're investors looking for a bargain. Even so, they'll get a forensic inspection to find out the source of the smells. If they find anything like undisclosed water damage, or pet urine under the "new" carpet, then they will either severely discount their offer or walk away.

Clutter

If your tables are full to the edges with photos, figurines, mail, and drinking glasses, buyers' attention is going to more focused on running the gauntlet of your living room without breaking any Hummels than in considering your home for purchase.

Too much furniture confuses the eye - it makes it really difficult for buyers to see the proportions of rooms. If they can't see what they need to know, they move on to the next home.

Deferred maintenance

Deferred maintenance is a polite euphemism for letting your home fall apart. Just like people age due to the effects of the sun, wind and gravity, so do structures like your home. Things wear out, break and weather, and it's your job as a homeowner to keep your home repaired.

Your buyers really want a home that's been well-maintained. They don't want to wonder what needs to fixed next or how much it will cost.

Dated décor

The reason people are looking at your home instead of buying brand new is because of cost and location. They want your neighborhood, but that doesn't mean they want a dated-looking home. Just like they want a home in good repair, they want a home that looks updated, even if it's from a different era.

Harvest gold and avocado green from the seventies; soft blues and mauves from the eighties, jewel tones from the nineties, and onyx and pewter from the oughts are all colorways that can date your home. Textures like popcorn ceilings, shag or berber carpet, and flocked wallpaper can also date your home.

When you're behind the times, buyers don't want to join you. They want to be perceived as savvy and cool.

In conclusion, the market is a brutal mirror. if you're guilty of not putting money into your home because you believe it's an investment that others should pay you to profit, you're in for a rude awakening. You'll be stuck with an asset that isn't selling.


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