Are you wondering why your house didn’t sell? In this video, we explain what’s going on in the current housing market and possible reasons your house didn’t sell. We also provide answers to common questions like…
- What are the current trends in the housing market?
- Why are some houses not selling in the current market?
- Are there any factors contributing to a slowdown in the real estate market?
- How do local economic conditions impact the housing market?
- What are the best strategies for pricing a home to sell in a slow market?
- What can homeowners do to make their homes more appealing to potential buyers in a slow market?
What Makes a House Harder To Sell?
Wondering what makes a house harder to sell? Some homes might be harder to sell due to factors outside the seller’s control, like their location. A home might also struggle on the market due to things the seller can control, like the realtor they decide to work with.
In this post, our team at Your Home Sold Guaranteed Realty - Phil Aitken Home Team will discuss several reasons some homes take longer to sell, and why homes fail on the market.
Why Do Some Houses Take Longer to Sell?
Some houses take longer to sell than others because of certain unchangeable features of the home, like the amount of natural lighting or a unique architectural style.
Other reasons could be a lack of curb appeal, a need for repairs, outdated paint, a pest infestation, or a mold problem. These factors can be fixed by hiring professionals to take care of the situation.
In addition, the location of a home can play a big role in its perceived value. If the home is next too close to an airport, highway, factory, or other undesirable location, it can take longer to sell.
What Is The Most Common Reason a Home Fails to Sell?
If you’re wondering what makes a house harder to sell, it could have nothing to do with the quality of the home itself. If a home is lingering on the market, you should first reevaluate the asking price– chances are it could be too high.
A high asking price could either be because you have an emotional connection to the home and think it’s worth more than it actually is or because you’re working with an inexperienced realtor.
Starting with an asking price that’s too high is a common trap for home sellers. By the time you realize the home is priced too high, it’s likely been sitting on the market too long. When buyers see the home has been on the market for a long time, they may wonder if something is wrong with it. Additionally, if you are selling a home in a declining market, any price reductions could be too little and you could follow the market down and never get the home priced correctly to sell when prices are falling and never meet the true market value.
As a result, you’ll start to see even fewer offers until you eventually have to relist your home on the market. This is why it’s so important to interview several realtors before choosing one to work with.
Need To Sell Your Home in JAX? – Contact Our Team Today
If your home is struggling to sell, our Your Home Sold Guaranteed Realty - Phil Aitken Home Team can help. We have a reputation for selling homes faster and for more money than other realtors in Jacksonville. On average, we sell homes four times faster and for nearly three times more profit than our competitors.
How do we do it? We use a unique marketing strategy tailored specifically to your home. Our years of experience in the JAX housing market have given us the knowledge and skill to price your home competitively yet reasonably so that it sells fast.
To learn more about working with our real estate team, give us a call at (904) 544-5252 or fill out the form below for more information. You can also keep reading about all the costs of your home with this complete guide.
