This list has been repeated quite often, and tweaked a hundred different ways
5 Reasons Homes Don't Sell
1. Your Home Is Overpriced
This is the most common reason a house doesn't move. The phrase "Thereâ€™s a buyer for every home" often omits the part "at the buyerâ€™s price." Overpricing often works against you. Most real estate agents and buyers will see your listing within 30 days. Your house may not appraise at the figure you are asking and financing will fall through. If your home stays on the market too long, agents and buyers may wonder if there are other problems with the home.
2. Your Home Doesn't Show Well
Since your home may be competing against new homes in new subdivisions for about the same amount of money, you may need a little makeover. A good real estate agent will be able to give you some very helpful tips in this area.
3. You're In An Area Less Desirable Than Others
If your home is in a less than desirable area, you may not have as many options. A good real estate agent will focus on the positives of your home but you may have to lower your asking prices or add some kind of incentive to the buyer.
4. You Are Battling Competition or Market Conditions
We have all heard it's a "buyer's market" or a "seller's market", but market conditions are constantly changing. In a "hot" seller's market, the homes can sell fast and you may even be offered more than what you are asking because inventory of homes may be low. In a "cold" buyer's market, more homes are for sale so buyers can find more and sometimes better deals. There is more competition and you may choose to wait until a more favorable time to sell.
5. Marketing Your Home
The way your home is listed has changed from years ago. Many top performing real estate agents do a multilevel marketing plan. Traditional methods include listing with a multiple listing service, doing open houses, advertising in newspapers. flyers and publication in local real estate brochures. Computers and the internet changed the real estate market. The National Association of Realtors says that more than 86% of all homebuyers use the internet for house hunting. Check with your agent about their plan for marketing your home.