If you’ve been trying to sell your home to no avail, you may be confused as to why. We’ve got answers, keep reading to find out more.
Why You Are Struggling To Sell
There are several reasons for a home to languish on the market. Here are the most common reasons why your home may not be selling:
- The home isn’t priced right- Price is not the be-all and end-all in making a sale. Homes can be priced lower and still not sell. Sometimes the only way to make the sale is to create a market for a house that has low sales activity.
- It’s priced right but it’s a fixer-upper- Folks may be attracted by the new price but find it hard to leave a home with lots of flaws. The fixer-upper could be one of the selling points of the home. It’s hard to ignore the fact that the roof needs to be replaced, the siding needs to be painted or new carpet needs to be put in.
- There is not a large market for your home- Your home may just not be what buyers are looking for at the moment.
Sellers Are Pricing Too High
In many cases, sellers are pricing their homes way higher than they would normally. According to Redfin, if the home you are selling is a single family home in your town, and is appraised for $200,000, then your seller might price it at $300,000. This means that the seller is making $15,000 in profit. This is a lot of money for most sellers, especially if they do not have experience in real estate. But, what does the seller have to gain? Well, if your home is worth only $200,000, your buyer would have to pay you at least $150,000 for it. There are also sellers who might be priced too low. The “marketplace” is what determines how much a seller will make in profit on a home. According to Redfin, homes listed at $150,000 to $300,000 are currently selling quickly.
How to Stage Your Home to Sell
Create a space that buyers can envision themselves in. Get your house clean and tidy before any showings or open houses, and consider making renovations if your home appears outdated. Look online to find what’s currently popular in home design and implement some of those ideas into your space. Creating a modern, clean, stylish slate for potential buyers to look at when they enter can help them to see themselves in the space, and ultimately want to make an offer.
Contact Patriot Home Buyers
If you’re struggling to sell your home, don’t worry, you’ve got options. Contact Patriot Home Buyers today, and you could have cash in hand for your home in as little as seven days. We buy homes in Metro Atlanta, Georgia, and the surrounding areas in as-is condition at fair prices, so contact us today to get your no-obligation offer.