Top Ten Reasons Why A House Doesn't Sell And Their Solutions

Some houses stay on the market for a long time regardless good or bad housing market. Those home sellers have no ideal why their houses couldn't sell. Bad market is one of the reasons why a house doesn’t sell. But, there are other reasons that house doesn’t sell even in seller’s market.

Here are the top 10 reasons why a house doesn’t sell.

1.      Over priced.
Over priced homes are on the market unintentionally to help your competitors or the other houses listed in your neighborhood in a buyer’s market. People think that listing at a higher price may help them in negotiation and get a good sale price. But, in reality, you may even not able to get an offer. Eventually, you have to reduce the price and end up on the market longer time and sell it at much lower price than previously hoped for. You can click this link to see how to price your home right: http://besthomesellingtips.com/2007/07/19/how-to-pricing-home-for-sale-right/
 
2.      Bad location.
In real estate, three most important factors are location, location, and location. Houses at bad locations are hard to sell and will sell at substantial lower price than the similar one in the good locations. It is considered as bad location if one of following factors is associated with the home. Those factors are high crime areas, bad schools, busy roads, poorly maintained neighboring homes, lack of public transportation, poor shopping, power lines and poor parks.
 
3.      Bad market.
It is much hard to sell in a buyer’s market. You have to make your home stand out both in price and home features in your neighborhood. For more information on how to sell you home successfully in a sluggish market, read my blogs at:
http://besthomesellingtips.com/2007/07/10/12-simple-steps-to-successfully-sell-your-home-and-get-a-best-price-in-buyers-market/
 
 http://besthomesellingtips.com/2007/07/26/five-ways-to-sell-you-home-in-sluggish-housing-market/
 
4.       Poor conditions.
Ninety nine percent of the homebuyers are not in the fix-up mood. Even few are and they may not have the extra money or the skills to fix it up. Never sell your home “as it is”. Make necessary repairs and spend a little bit of money to state your home can make a big difference.  For more information on how to fix up your home and get maximum return, click this link: http://besthomesellingtips.com/2007/07/11/ten-cheap-ways-to-upgrade-your-home-for-a-very-good-return/
 
For how to stage your home: click this link: http://besthomesellingtips.com/2007/07/13/staging-your-home-for-sale/
 
5.      Wrong listing agent.
Experienced, friendly, enthusiastic, and diligent listing agents with good market skills are a big help to you and they are worth every penny of their commissions. However, wrong or bad agents could hurt your home selling. To know how to identify the wrong real estate agents, click this link:
http://besthomesellingtips.com/2007/07/21/what-kind-of-real-estate-agent-is-not-good-to-sell-your-home/

 
6.      No effective marketing or no marketing effort.
After you fix up your home, stage nicely, and price it right, now the three most important things to do to sell your home are marketing, marketing, and marketing. No marketing, no sales. No matter how nice your home is and how good your price are, you got to get people to know that your home is for sale, and it is very nice and worth more than it.
 
7.      Showing by appointment.
Good selling agents are always busy. They don’t have time to play phone taps with you and your listing agent to set up an appointment. It is very difficult to coordinate and to schedule a good time for both seller and buyer. There are so many houses to show, majority of the selling agents will skip your house to show others. Do showing by appointment if your home is a luxury home. Selling luxury home is a different ball game. Luxury homebuyers understand that and selling agents are willing to do everything to set up the appointment because of the handsome commissions.
 
8.      Household smells.
Most sellers are not aware how the household smells can effectively drive away potential buyers. Some sellers spend a lot of time and money to fix up and stage their homes to make home nice. Unfortunately, they didn’t realize that the smells of their pets, or even the smells of their unique food, hurt their home selling. To know more about household smells and other worse things can turn your buyers away, click this link: http://besthomesellingtips.com/2007/07/12/what-are-the-worse-things-that-turn-your-potential-buyers-off-when-you-show-your-home/
 
9.      Wired house.
A wired house is the one with strange features and very hard to describe. However, when you see the house, you just know it is wired and it is totally different from others, the example here may be, a four-bedroom house with only one bath.
 
10.  Inflexible in price or term during the negotiation.
Almost all home sellers think their home worth more than their list price. They spent so much money or efforts to upgrade their home. This is quite understandable. They are emotionally attached to their homes. They must get whatever predetermined price, or they will not sell their homes. I got a seller who lost a very good offer for just $500 difference away from his predetermined price. At the end, he had to wait for other three months to receive an offer from another buyer and at a price $1000 lower than previous offer. What a shame!
 
 
 
 
 

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