- The average time to sell a home is 55-70 days.
- Overpricing and poor presentation are common reasons why homes don’t sell.
- Marketing must be effective to get the home listed for sale.
- Location can also play a role in selling a house, with desirable neighborhoods selling faster than others.
- Upgrading fixtures, staging professionally, and repairing can help fetch top dollar when selling a home.
If you’re trying to sell your house but not getting any offers, you might be wondering why. While there are many potential reasons, only a few can truly impact your sale’s success. Here’s a look into why your home isn’t selling today, various tips to deal with it, and additional tips to sell your home at a high price.
Average Amount of Time to Sell a Home
First, knowing the average amount of time to sell a home today is important. Studies have found that homes can sell on average at around the 55 to 70-day mark. While other homes can sell after a year in the market. Some homes seem to be sold almost overnight.
The Reasons Why Your Home Isn’t Selling
Now that you know the average time to sell a home, let’s look at some main reasons your home isn’t selling.
The Price
One of the most common reasons why homes don’t sell is that they’re overpriced. This is a tricky one because it’s often hard to know what the right price is. You don’t want to sell your house for less than it’s worth, but you also want potential buyers to stick around long enough for them to buy it.
The best thing you can do is work with an experienced real estate agent to determine a fair price for your home based on current market conditions and comparable properties. If you’ve already listed your home and you’re not getting offers, you may need to consider lowering the price. Additionally, the average price of homes is around $430,000, so make sure your home is way below this price.
The Presentation
Another reason your home might not sell is because it doesn’t look its best. Buyers are looking for a home they can picture themselves living in, so you want to ensure your house looks warm, inviting, and well-maintained. This might mean decluttering, staging, or making some repairs. You should also make sure your home is thoroughly cleaned before each show.
The Marketing
Even if your home is priced fairly and looks excellent, it won’t sell if people don’t know it’s for sale. That’s where marketing comes in. Your real estate agent should use various tactics to get your home in front of potential buyers, including online listings, open houses, and social media. If you do not see the desired results, talk to your agent about how they can improve their marketing efforts.
The Location
Sometimes, homes don’t sell because of their location. You may have a beautiful home, but it may be a tough sell if it’s in a less desirable neighborhood or far away from amenities. Unfortunately, there’s not a lot you can do to change your home’s location. However, you can work with your agent to highlight any positive aspects of the area, like nearby parks or good schools.
The Competition
Finally, your home might not be selling because of competition. If there are a lot of similar homes on the market in your area, buyers may have more options to choose from and be less likely to make an offer on your home. In this case, you may need to make your home stand out by offering something unique, like a better price or a special feature.
Tips to Sell Your Home at a High Price
If you want to sell your home fast, dealing with the problems above can help you do that. However, if you want to sell your home at a high price, consider following these tips.
Upgrade Your Fixtures and Furniture
The first step is to upgrade your fixtures and furniture. Many home-buyers want updated fixtures in their homes, and some may want unique ones for their home. Consider contacting a local cabinet maker to upgrade any outdated furniture in your home. They can also help design custom furniture pieces to make your home stand out from the competition.
Stage Your Home Professionally
Next, you’ll want to stage your home professionally. This means hiring a professional staging company that can create a warm and inviting atmosphere in your home. They can also use the right color palette and light fixtures to make your rooms look larger and more appealing.
Make Repairs
Finally, any repairs should be made before listing your house for sale. Buyers are often wary of homes with significant repair issues, so fixing any problems before they become an issue is essential.
Selling a home can be a stressful process. But with the right strategy, you can ensure your home sells quickly and cheaply. Ask your real estate agent for advice on making your home stand out. With these tips in mind, you’ll be able to get top dollar for your property.
