5 Reasons Your Home Isn’t Selling – It may seem that your home has been on the market for a while now. This can be extremely upsetting as you gear up to move into a new home and become more eager to sell. Here are 5 reasons why your home just is not selling!
- A Buyer’s Market – The real estate market is dependent on where you live, but in many parts of the country it is truly a buyer’s market. Meaning that they have the upper hand in those areas. High prices are one of the things that shut buyers down. While you may not want to, lowering the price can significantly help you in selling your home. Have a discussion with your real estate agent to compare what similar homes in your area of sold for. If you do live in a buyer’s market your home will need to be aggressively priced so it becomes the most desirable to the limited number of buyers in the area.
- Adverse Investments – There is no doubt that you have spent a lot of time fixing up your home. The question is, did your money, time, and effort go into the right places? If you focused on one area and made it amazing, yet neglected another area you could be losing out on the value of your remodel. Even an outdoor pool isn’t a great bargaining chip since only 20% of buyers (aside from the Southwest) look for this in a house. So if you’re still struggling to sell and have equity build up you may want to consider remodeling key areas. Some of the biggest sellers are kitchens and bathrooms. Other rooms in your home may need some attention, but bathrooms and kitchen are where your focus should be. Try refinishing cabinets, update sinks, and get some new appliances. These may not seem like the all-out remodels you are thinking you need, but they increase the appeal of the room.
- Don’t Live in the Dark – After all of the effort you’ve put into remodels, make sure people can see it! Open up the space by adding natural light or larger windows. Open the blinds and drapes! Repaint the walls a lighter shade and even install light fixtures if necessary. Track lighting is a great option of under cabinets and highlighting counter space. Don’t forget about the outside as well. Install spotlights in your yard and lights along walkways. By brightening up your home buyers will be able to view it as their future home that is light, airy, and inviting.
- It’s Too “You” – This can be difficult, but when it comes time to sell your home it also becomes time to remove that things that made it so “you”. While we may endear the unique characteristics of our homes, potential buyers may not appreciate it. Therefore you have to remove your life from the space and allow the buyer to imagine their life moving in. Keep your home as neutral as possible. It certainly doesn’t mean repaint everything white (this can decrease the value). It’s time to take down animal heads, ping pong tables, keg fridges, etc. Essentially anything that is “interesting” or appears unusual to the rest of the world has to go. This wil
- Staging – Put your best foot forward with your home. Make sure to stage so the best features are highlighted and conceal any blemishes. This may seem odd, but inspections will come later, right now you want to impress potential buyers. So hide the eyesores: put a slip cover over an old couch, cover the A/C unit with a window treatment, or place a rug over a stain. Then enhance the selling points: clean the windows, cut the grass, set out flowers in the kitchen, and light candles in the bathroom. And if you’re already moved out, rent furniture for the open house: a furnished home always looks bigger and better than an empty space. It also allows buyers to imagine what the home could look like as their own.
Keep these tips in mind when selling your home! What do you think of these tips? Do you have any other tips to share? Comment to share with us!