On average, most homes are on the market for about 39 days in August. While the actual time may vary due to many factors, if your home is listed for significantly longer than this, you may get concerned. You might be asking yourself “why is my home not selling?”
If your house is on the market for a long time, it’s time to figure out the reason so you can fix it. There are a few reasons why your house is still on the market. Let’s learn about them now.
Missing Upgrades
Buyers want to see a home that is in good condition. If your home is not in great shape and has been sitting on the market, it may be time to make some changes and improve the condition and look of your home.
Even if your home is in good shape, it may be lacking the upgrades that buyers are looking for. For instance, you may be in a better competitive state by replacing your appliances, flooring, or countertops. This is particularly true if these items haven’t been upgraded in 10 or more years.
If you want to sell your home fast without dealing with upgrading your home, you should consider discussing your options with a cash home buyer.
Lacking Curb Appeal
The first thing potential buyers will notice is the front area. You need to get them past the outside of your house and into it if you want to sell it.
Since many buyers look at pictures on the internet or drive by it, the exterior of your home is critical in drawing potential buyers in. Make sure your lawn and garden are maintained, the door, siding, and gutters are in good condition, and the windows are clean.
Too Much Clutter
Staging your home and getting it ready for showings is important to help potential buyers imagine themselves living in your home. By getting rid of clutter and personal items, you can help this along.
Large, bulky furniture, with lots of knick-knacks around, makes spaces look smaller. In addition, buyers want to see the potential of the home, not your own taste and touches.
It’s Overpriced
If your house is sitting on the market for a long time, it could be due to the price. If buyers don’t feel your home is worth the asking price, they will continue looking for one that they feel is a better value. If your home is not selling, you may want to consider lowering the price.
Buyers can negotiate for a lower price, but some sellers are stubborn about their price. By being willing to negotiate a bit you may have an easier time selling.
Is Your House on the Market for a Long Time?
If your house is on the market for a long time, you may want to consider asking yourself what the cause might be. Your house not selling quickly may be caused by the condition of the house, the price, or even the economy.
If you found this article helpful, make sure to check out more of our home articles too!
