8 Reasons Why Your House Isn’t Selling
Introduction
Are you having trouble selling your house? If so, you’re not alone. Many homeowners find themselves in the same situation. In this blog post, we will discuss some of the reasons why your house might not be selling and offer some solutions to help you get it off the market!
Price
When it comes to selling a house, the most important factor in getting an offer is usually the price. If your house hasn’t been selling, this could be because it’s priced too high for the market demand. The only remedy is to lower the price until a buyer decides to make an offer on your property. Bear in mind that there are certain variables which also contribute to how quickly a home sells – such as location, condition and features – so be sure to consider them when revising the price of your property downward.
Condition
If your house isn’t selling due to its current condition, you have a tough decision ahead of you. You can choose to lower the price to be competitive and get some interest, or you can spend thousands of dollars to bring it up to market standard. While renovating may make your house look great, it won’t necessarily result in a higher sale price if the market value is not supported by the condition of the property. Therefore, careful consideration should be put into both options before making your decision.
Location
If you find yourself in the situation of having a house with difficult location attributes, you must face the reality that it will be harder to sell. While this may be doomed at first, there is still a silver lining to this problem by reducing your asking price to entice buyers who don’t mind dealing with a sloped lot, intersection, busy road, or curve. It might be painful for you as the seller but if it means finding a motivated buyer for your property it can all be worth it in the end.
Detrimental Effect
Selling a house isn’t easy when it has significant detrimental effects to its value. Unfortunately, this means that both buyers and sellers must accept reduced prices for the sale of their home. In particular, foundation issues, small rooms, low ceilings and moisture problems are very tough to overlook since all can cause significant damage. While reducing the price required to sell your house may be a difficult decision to entertain, it’s often the only viable remedy in such circumstances.
Adverse Effect
Selling a house can be a stressful process, and any unforeseen issues can derail a sale. One such issue is when the value of your home is adversely affected. This can be due to a variety of reasons – from a dispute with contractors resulting in liens being placed on the house, to your neighbor putting up a fence that encroaches onto your property. Unruly neighbors who refuse to cooperate in any way could also cause complications and make it difficult to close the sale of your house. Fortunately, these issues are not insurmountable, but they do require work on behalf of both buyers and sellers to resolve them and push through with the sale.
Curb Appeal
Enhancing the curb appeal of your home is a great place to start if you are looking to quicken the process of selling your house. An attractive exterior can set it apart from neighboring homes and draw potential buyers in. This can be done by tackling basic projects such as cutting back bushes and trees, pressure washing the house and driveway, planting flowers, or adding a porch to the front door. These small changes can make a big impression on buyers. However, if you decide not to take these steps, you will likely need to reduce your asking price enough that allows buyers the freedom to make improvements after closing.
Title Issues
Many sellers are unaware of the issues that can be uncovered during a title search, making it difficult to get their home sold. Problematic title issues may range from city assessments to mortgages that have not been properly recorded as paid off. The urgency for addressing these title problems should not be understated, as buyers often hesitate to commit when unexpected issues arise in the purchasing process. An experienced real estate investor is your best bet for ensuring that any title concerns with your property are identified and addressed to facilitate the sale of your home.
Tenant Occupied
Selling a home can be difficult, especially if there is a tenant who is not following their agreed-upon obligations. If a tenant is not paying the rent each month or if they are failing to take good care of the property, it can make selling your house impossible. Unfortunately, evicting a tenant in these circumstances can also be difficult and it is essential to go through the legal process correctly to protect yourself. It may be necessary to take action through the courts to properly remove the tenant and then pursue listing your home for sale; however, it should be remembered that doing so takes time and money.
Conclusion
Many things go into selling a house. It is important to be realistic about your expectations. If you are not getting any bites on your house, it might be time to consult with a professional investor. EarlToms buys houses in all situations. We would be happy to look at your property and offer you a fair price for it- as is. Contact us today to learn more!
Did You Know?
EarlToms would like to make an offer on your house. We pay cash so you won’t have any appraisals, home inspections, agent commissions, or closing fees typically associated with selling your house to EarlToms. If you want to sell your house, in a hassle-free way, simply fill out the form to get started.
