Home Buying in 10312>Question Details

Josephine Ro…, Home Buyer in Staten Island, NY

Why isn't my house selling?

Asked by Josephine Rossetti-christiano, Staten Island, NY Fri May 17, 2013

I'm selling n looking to buy

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Answers

19
Hello Josephine,

With inventory at records lows across the board, if you have a home on the market and not getting offers it is priced TOO HIGH!!

We are seeing multi offers on just about everything these days. Homes that are overpriced will be ignored.

Please, consult with your agent and try adjusting your price.

Take advantage of this seller's market (while it lasts)

Best of luck to you!

Kawain Payne, Realtor
1 vote Thank Flag Link Fri May 17, 2013
Houses that.dont sell are what is called "the market Rejects." Sorry for being so direct but the market.(buyers) have rejected a home.for being over priced.

Time ro take a serrious look at a major.price reduction. At least $10,000 reduction.
Buyers are very.savey theses days. They look for bargins, just like each.of us does when shopping for trinkets

Talk to your.listing agent.

Best of luck
1 vote Thank Flag Link Fri May 17, 2013
If you are not listed with a broker consider the idea; if you are listed, discuss the question with your agent, he/she would be in a much better position to address any issues...
1 vote Thank Flag Link Fri May 17, 2013
A successful finish often depends on the right start. There are many reasons a property may expire without selling. Some of the more common reasons a home fails to sell are: Marketing, Condition, Effort, and/or Price. Perhaps a fresh Realtor with a new perspective, and a higher motivation level can make a difference.
0 votes Thank Flag Link Tue Jun 17, 2014
There could be many reasons why the home isn't selling, one of the biggest reasons usually is pricing. If the home is priced to high giving too much room for negotitation you may be illiminating buyers that are not even looking at your home because they feel it is too far out of there price range when in fact the home is in the price range just listed above because of "negotation room" . It could also be marketing; marketing the home is very important it will base what buyer you are focusing your home to. Ideally you would want to be considered the serious seller, pricing the home aggressively, utilizing the mls and working with an agent helps utilize bigger marketing tactics. You can contact me directly if you are interested in getting a free market analysis and I can also discuss my marketing stratagies as well as work with you to find your new home.
0 votes Thank Flag Link Tue Jun 17, 2014
The most likely reason your home is not selling is the price. If you are not getting showings your home is probably not priced properly.

Another reason may be the interior decor. Most buyers have a difficult time imagining what the home will look like when they buy it if it is too personal to thew current owner. By that I mean, too many family pictures, eclectic objects (ie: out of the ordinary art objects; objects that may only be of interest to the current owner), too much clutter, etc. Paring down your personal items and giving the interior a less cluttered look is a good start.

You should try to imagine what a neutral party would think of your decorations. What may look great to you does not necessarily mean it looks great to everyone. You want your home to appeal to the largest number of people possible.

Finally, your agent may not be doing his/her job of promoting your property.

If you do not have an agent contact me and I will be glad to give you an unbiased assessment of your home.

Gary R. DeFilippo
Licensed Real estate Sales Associate
Neuhaus Realty
718 689-3850
0 votes Thank Flag Link Sat Jun 1, 2013
Is you property listed with a broker?? the first place salespeople look to find properties for their buyer customers is the MLS. At a minimum, your home needs to be listed on the MLS.

Think like a buyer. Ask yourself why would a buyer choose your home over one of the competing homes for sale. Like you and I when we buy goods and services, Buyers want a good value for their money.

When buyers make a list of which homes they want to see, they don't think, "let me find the most overpriced homes available that I can see." They make a list of the best homes/best value. If your home does not have the right "price", "presentation" and "promotion" your home will be on very few, if any, buyers' list.

Is your home a good value compared to the competition???

usually:
no showings = priced very high and or no or little promotion.

few offers or very low offers = buyers are not perceiving your property as a good value at the listing price compared to the competition. so it's priced above its market value and or no or little promotion.

If you have an agent, talk to him/her. if you don't have an agent, get one fast.

http://gettingthebestprice.com/sellers.php?top=135

thanks

Fred
0 votes Thank Flag Link Tue May 28, 2013
Consider these factors:

1. Price

2. Appeal

3. Visibility

The lack of market activity is generally tied to one or more of these factors. Consider talking with your agent about these issues relative to your home.

Good luck,

Bill
0 votes Thank Flag Link Sat May 18, 2013
1. What is the Market Value compared to the asking price?
2. If you were a buyer today and walked into your home, would you fall in love with it or look at others?
Web Reference: http://www.GetSoldOKC.com
0 votes Thank Flag Link Sat May 18, 2013
The 2 most common reasons a home is not selling is it is either offer priced or listed with teh wrong agent who is not providing the marketing it deserves to reach potential buyers
0 votes Thank Flag Link Sat May 18, 2013
Could be overpriced or perhaps you don't have the right broker.
0 votes Thank Flag Link Sat May 18, 2013
Hi Judith

Would Need to know more info and would be glad to help but for the best way for a realtor to answer your question regarding why your property might not be selling is to view it and to gather more info. More often then not if a property isn't selling is because of listing price but there are other factors that can be contributing to your issue. If you would like I would be more the happy to acess your issue with no commitment's to you

Felix Garcia
Robert Defalco Realty
(917)692-7702
0 votes Thank Flag Link Fri May 17, 2013
Josephine - lots of good advice here already for sure.

If you have a listing that isn't selling I would really need more information to best answer it. The majority of agents here are saying "priced too high", while my gut 100% agrees with that we should really ask more questions first:

1. Are you getting lots of showings but no offer? This could be price but it could also be the home itself and how it presents itself. Did you adjust the curb appeal to be its BEST shape, is the house clean and not cluttered, is it clean - and yes I mean "really clean", does it smell from pets or smoking? There is more than price to look at.

2. Are you getting NO showings or very little showings and the marketing looks good and its on the MLS - if so, most likely price.

Its hard but before you look at price do this - walk out to your curb and face the street, take a deep breath and pretend very hard this is not your house that you love so much, pretend you're looking form a buyers eye - turn around. Look at the house, walk around it, walk in it and really be objective and remove you're love for the house and see it as four walls on dirt for sale and ask "If I was the buyer is this house in top shape, shows excellent and is 100% move in ready with zero work to do" or, do you see things to improve on.

Price is typically the reason but you need to know if you're even getting lookers and also you MUST LOOK AT YOUR HOUSE LIKE A BUYER WOULD and that will tell you if its really showing at its best.

Best of luck to you.
0 votes Thank Flag Link Fri May 17, 2013
That's a million dollar questions. We can tell you every possible story and reason, but the only way for us to tell you the truth(and nothing but the truth), is to come over your house and evaluate it for all the reason everybody else mentioned. Here are some guide lines for you:
1. Get a Realtor with credential. Make sure its somebody that have a free budget to advertise you property.
2. Listen to your Realtor and to his advise. Its can be invaluable
3. Don't be greedy on commission: you can't underestimate the power of money (greed!!!)
4. It takes two to tango: make sure you accommodate as many appointments as you just can
5. Have some positive energy and you'll sell your property in no time
EVERYTHING SELLS AT THE RIGHT PRICE! GUARANTEED!
0 votes Thank Flag Link Fri May 17, 2013
If you're listed with a realtor it probably is not priced right because the buyers are out there and sellers are selling! If you're not listed with a realtor...YOU SHOULD BE!
0 votes Thank Flag Link Fri May 17, 2013
The wrong price and or insufficient or the wrong marketing is almost always the reason(s).

Ask yourself why a buyer would choose your home over the competition.

Like you and I, buyers want a good value for their money, especially when buying a home.

Talk to your agent about your asking price and the marketing.

The knowledge and experience of your Realtor is a valuable asset, so make use of it.

If you don't have an agent, do yourself a favor and get one.

http://gettingthebestprice.com/fyi.php?top=161

http://gettingthebestprice.com/sellers.php

thank you and good luck

fred 347-693-4580
0 votes Thank Flag Link Fri May 17, 2013
Hi Josephine,

When a home isn't selling this can be frustrating no doubt. You're not saying anything regarding whether or not your home is listed with a realtor, where is it being marketed etc... there are many factors involved. Is your home listed In the correct price point? how is it being marketed and where? Does it stand out from the crowd? Is your home being showed to prospective buyers and if so what is the feedback.
The housing inventory is at a 14 year low and buyers are buying. Most homes are receiving multiple offers so there is no reason your home shouldn't sell. There is a need to analyze what is happening with your house to determine what the issue are, sometimes a few minor adjustments can correct the situation and result in a successful sale.
If you'd like to discuss this further please don't hesitate to contact me at (718)966-9669 I'd be more than happy to look into it further.

Best of luck to you Josephine.
0 votes Thank Flag Link Fri May 17, 2013
Hi Josephine,

Sorry to hear that, I have two buyers very interested in finding a home, what is the address or location?

Judith
0 votes Thank Flag Link Fri May 17, 2013
Please don't shoot the messenger:
We have found that 98% of the time, when a house doesn't sell over a protracted period, it is because the LISTING PRICE is too high:
The Buyers, and their Reltors, are just by-passing your house.

Have you had a Realtor do a CMA to determine the Market Value of the house?
True, the Market is going up; but the listing has to be close to the M.V.
Many Realtors would prefer to have the Listing Price below M.V. to encourage multiple offers.
Whay does your Realtor say?
0 votes Thank Flag Link Fri May 17, 2013
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