Tuesday, June 4, 2013

Why Didn't My House Sell?

Have you asked Why Didn't My House Sell?

There typically are four main reasons why a home doesn't sell. Of course there may also be many other minor reasons as well - but they usually are part of the the four main reasons. Many homeowners find themselves asking why didn't my house sell? Price, Condition and Location is usually what people think when asked the question why didn't my house sell? However there is a fourth answer and that is the marketing that was done for your home. Location is the one aspect that cannot be changed - well ok it can, but most people are not in the position to have a home physically moved. So let's say that part of the answer to the question why didn't my house isn't something that can be changed. Condition - depending on the condition of your home, the answer may be to address the concerns regarding condition. When your home was previously on the market, did your former real estate agent give you any feedback regarding the condition of your home? Sometimes the condition part of the answer to the why didn't my house sell question is a minor improvement. An investment of some time or limited amount of money might be all that is needed to remove that concern. Sometimes condition is that the home has either structural defects, mechanical problems or may even be decorative fixes. Many of today's buyers are looking for that perfect move in ready home (thank you very much HGTV and other cable television channels) and are not able to comprehend how much difference some new paint or flooring can make. Price is the last answer to the question why didn't my house sell that the seller is able to control. Condition and location will have a large impact as to the price your home will likely sell for. As any location or condition can be overcome at the right price. Perhaps the least understood, yet most important answer to the question why didn't my house sell is the marketing that was done to sell your home. What was done previously to make sure the home was top of mind to other agents? How was the home marketed to buyers looking for homes in that location and price range? It is even more important if your home didn't sell previously to make sure you are hiring the right Real Estate professional now. Don't make the same mistake by hiring an agent who won't properly market your home again. Would like help finding a great real estate agent in your area?

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