It’s no secret that most of the country is experiencing a strong seller’s market. With more home buyers than inventory, most sellers have been delighted to sell quickly and often with multiple offers. Yet, some homes are still sitting on the market and these sellers may be wondering why.
Here are 7 reasons why your home listing is not selling:
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Over confidence–While many homes are being snapped up on day one, this does not mean you can avoid the basics of good marketing, professional photos, Staging and open houses.
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Overpriced–In a seller’s market, home prices do advance, but a dramatically overpriced home will still sit unnoticed.
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Appearance–With low inventory, home buyers will compromise on some issues, but properties in need of major TLC or extensive deferred maintenance will not hold mass appeal.
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Appontment Confirmations–Not accepting Buyers requested time is very crutual than you think. In a fast-paced market, buyers will often just move on to the next property.
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Stinky Pet Smell–Smelly homes simply do not sell. Fortunately, there are professional options that can eliminate most odors.
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Lazy Agent–The hard truth is that in a seller’s market, some agents just get lazy, assuming the home will sell without much effort. Your agent should still be doing all the right things – open houses, listing pictures, follow-up, Staging and personal showings.
A seller’s market is exciting for homeowners ready to move. If your listing is just sitting without much activity, it is time to take a hard look at what you’re doing wrong and make changes.
For more Professional Advice contact us at 416-882-9090
