Upon initially listing your house, you might be hoping for a quick sale—especially if you’ve put a lot of money into improving the home through the years and the neighborhood has historically attracted a wealth of buyers.
While you shouldn’t worry if the house doesn’t sell the minute you place it on the market, you should become concerned if the months start to fly by and you still haven’t received any substantial offers. If this is the case, here are 11 reasons why your house might be stuck in limbo.
1. You overvalued your property
An overpriced house simply will not sell. That’s why you should compare your property with similar ones that recently sold in your area to get a better idea of its true value. An experienced real estate agent can give you an accurate value of your home.
You also don’t want to make the mistake of adding on the cost of any renovations you made, because a renovation doesn’t necessarily translate to added value.
2. Your listing is lackluster
If the listing of your home includes a poorly written description without any images, a lot of buyers are going to skip over it. Make sure you engage a professional real estate agent who will put extra effort into creating a listing that attracts the attention of buyers.
A top-notch listing should include high-quality photographs of both the interior and exterior of your home, and it should highlight unique features as well.
3. You’re always present at showings
Let your agent handle your showings. Buyers never want to have the seller lurking over their shoulder, especially during an open house. This adds unwanted pressure, which could make a buyer uncomfortable and sometimes even chase them away.
4. You’re too attached
Refusing to negotiate even a penny off of your price probably means you’ve become too attached to your home. If a part of you doesn’t want to sell it, or you think your house is the best in the world, odds are you will have a difficult time coming to an agreement with a potential buyer.
5. You haven’t had your home professionally cleaned
A dirty house will leave a bad impression on buyers. Make sure you have a professional clean your carpets and windows before you begin showing your house.
6. Your home is too cluttered
Even if your home is clean, clutter can still be an issue. If you have too much furniture in one of your rooms, for instance, it could make the house feel much smaller than it is.
7. You haven’t staged your home
If you’ve already moved out and are showing an empty house, it will make it hard for buyers to imagine living in it. To give buyers a better idea of how big every room is and how it can be used, you should stage your house with furniture and decor. After all, you want the buyer to feel at home when they are taking a tour.
8. You kept up all of your personal décor
Buyers likely will feel uncomfortable touring your house if you keep up all of your family portraits. Removing your personal décor will enable buyers to easily imagine themselves living there.
9. Your home improvements are too personalized
You might think the mural you painted for your child’s room is absolutely incredible, but that doesn’t mean potential buyers will agree. If your home improvements are too personalized, it can scare off buyers who don’t want to pay for features they don’t want.
10. Your home needs too many repairs
The more repairs that are necessary, the less likely a buyer will want your house. Many people simply don’t want to deal with the cost or effort of doing repair work, even if it’s just a lot of small repairs, such as tightening a handrail or replacing a broken tile.
11. You chose the wrong real estate agent
Choosing the right real estate agent is key when it comes to selling your home. A good agent makes all the difference in selling your home within a reasonable time. The longer your property sits on the market, the less likely it is to sell at the listing price. One of the best ways to avoid making these common mistakes is by working with an experienced real estate agent.