A house that won’t sell can be disheartening and frustrating, especially with the amount of time and effort you’ve put into it. Ideally, your home would sell right away, but sometimes it takes longer to get a good offer and close. Many factors go into selling a house. Additionally, there are many reasons why a home isn’t selling quickly.
Many people looking to sell their homes find themselves asking, “Why isn’t our house selling?” If this sounds familiar, check out some possible reasons below as to why your home isn’t selling.
A Buyer’s Market vs. A Seller’s Market
It can be challenging to sell your home in a buyer’s market. In a buyer’s market, there are many homes for sale, but not very many people are looking to buy. A person purchasing a home in a buyer’s market might be able to buy a home for a lower cost than in a seller’s market. A seller’s market is ideal when selling a house because more buyers are looking to purchase than there are homes on the market. This could result in a bidding war and increase the purchase price.
TAKE AWAY: If your home isn’t selling, take a look at the current market. Is it a seller’s market or a buyer’s market? Consider holding off selling your home until the market turns.
The Time of Year
Did you know that homes in Utah sell one week faster and for $1,600 more in the first two weeks of May than the rest of the year? Of course, other factors can influence the purchase of a home, but overall, late spring is the best time to sell your home. You can read more about the best months to sell your home here.
TAKE AWAY: If you can, list your home in the peak selling period: late spring, early summer—specifically, May 1st-15th.
The Price Point
The perfect price point can be challenging to find, but it is oh-so-important. A home priced too high will sit on the market for a long time and become stale. But an underpriced listing will leave potential profits on the table. Finding the perfect middle ground is crucial. Check comps in the neighborhood to help determine your listing price.
TAKE AWAY: Use comps in your neighborhood to help price your home to sell without missing out on potential profits. You can always get a second opinion from another realtor.
First impressions are everything when selling your home. Your listing needs to draw people in, and the showing needs to capture them. Professional photos showcase your home better than your phone’s camera. Homes that are staged or furnished give potential buyers a realistic picture of living in that house.
TAKE AWAY: A staged or furnished home listed along with professional photos sells much faster than an empty house with iPhone photos.
Contact Utah Sell Now
If your home isn’t selling, consider selling your house to Utah Sell Now. You can avoid the rollercoaster of traditional listings and even select your closing date. When you sell with Utah Sell Now, there are no fees, commissions, repair costs, or waiting. Contact Utah Sell Now and sell your home today.