What’s wrong with my house? Why aren’t people interested in buying my property? You may have probably asked these questions if your house has been sitting too long on the market after putting it up for sale. This is probably one of the most depressing times of your life. The feeling of rejection is really taking a toll on your emotional well-being. You’re constantly searching for the right answers or solutions as to what it will take to finally sell your house.
Here are 6 probable reasons as to why your house isn’t selling:
- Bad location
Your property is located in a neighborhood with a reputation for drugs and rampant crimes. This easily scares most buyers. They won’t even consider your house because they know that a house is a very big investment and they won’t risk it because they know of the present dangers they’ll face if they get to buy your property.
- Wrong price
Your asking price just doesn’t seem right. It’s either you priced it too high or too low. Overpricing turns off potential buyers who have done their homework because they have a pretty good idea how much your house is really worth. Under pricing, on the other hand, can give the impression that something is wrong with your house that’s why you’re selling it at such a low price just to get rid of the said property.
- Your house needs major repairs
Based on the pictures you’ve shared online, damages are visible that any potential buyer who’s seen your ad knows that they will need to spend more money to get it fixed. If you don’t care about these things, it’s no wonder why your house isn’t selling.
Selling your house by yourself needs a certain degree of flair to do it right. For Sale By Owner or FSBO largely depends on the selling and presentation skills of the owner. If you lack the guts or experience in actively selling your house, you will have to learn your lessons the hard way and realize that you need a Real Estate Agent’s help in selling your house.
Hiring the wrong agent
Hiring an agent based on what you can afford is always a bad idea. You will get the value of what you paid for. There’s a reason why the top agents charge that much. It’s because they know the value they can give to their clients and that is delivering the right results fast.
- Wrong time
Successfully selling a Real Estate a property also needs to be done at the right moment. Selling it at a time when people are getting laid off from work or the winter season has kept people from going out has probably affected the chances of your house getting sold. Do your research and try selling your house when the market or weather conditions get better.