Top 5 reasons why your home isn’t getting sold
Every home is different. While some may sell faster, others may sit on the market for a little longer. However, if your home isn’t selling and it has been quite a few months, it’s time you take a closer look at what the reasons could be. Here are the top five reasons, which could be making it difficult for you to sell your home right away.
- Your asking price is too high
Interest of potential buyers in your home is the highest when it comes on the market for the first time. So, getting the asking price right on day one is extremely important. If you find no buyer interested in buying it, perhaps you have overpriced it. It’s best to ask your real estate agent to complete a thorough comparative market analysis (CMA) that compares your home’s price to other similar homes in the region. This would help you figure out the best asking price to sell your home fast. Having lived in your home and being emotionally attached to it could make you think it’s worth more but don’t let your sentiments influence your judgment. Remember – your home’s correct value is the amount a buyer is ready to pay for it.
- Using low-quality photographs
Did you know that on a listing, over 95% of buyers look at the pictures of a home at first over everything else? Yes, that’s right. So, it won’t be an exaggeration to say your home’s initial showing occurs online. To capture your buyers’ interest from day one, you need to showcase your home in its best light by clicking pro-quality photos. You can take the DIY route, provided you’re confident with the task at hand. If not, hiring a professional real estate photographer is the best bet to ensure your home’s photos grab both attention and interest of potential buyers quickly. This way, you can sell your home fast.
- Inadequate marketing
Simply putting up a “for sale” sign on your front lawn isn’t enough to sell your home fast. You need to do adequate marketing too – be it on social media or reaching out to different sets of potential buyers. Hiring a competent agent will make the task easier for you. Apart from featuring your home on their blog or social media, a good agent or firm can even tap into their strong professional network to reach out to potential buyers proactively rather than waiting for someone to contact. You too can get recommendations from the people you know (family, friends, neighbors, colleagues, etc.), who have sold a house fast in the past to know about the steps that worked. If possible, you can imitate these steps for marketing your home.
- Your home’s condition
Though every home is different, you can do some simple things to enhance its visual appeal. From getting it brightly lit, de-cluttering the space, or giving it a fresh coat of paint to reorganizing the furniture to create more open spaces, you can use some simple steps to make your abode look more attractive to potential buyers. You could even think of improving your home’s curb appeal so that potential buyers who decide to drive by before asking for a tour would get impressed. Before you set up a showing, make sure to stage your home properly to get suitable offers fast. If your home has serious issues or needs major renovations/repairs though you can’t get them done, it’s best to be realistic with your asking price and remain flexible when negotiating with a potential buyer.
If you still find your home in New Jersey not selling and need to sell home fast for cash, Cash Buyer New Jersey can help.