If your house isn’t selling and has been sitting on the market for a while, you’re likely frustrated, overwhelmed, and stressed out.
There are countless reasons why homeowners opt to sell their properties. Between downsizing, wanting something new, avoiding foreclosure, relocation, and more, a quick sale is always ideal. However, this isn’t always the reality for people looking to sell their homes. Sometimes your house sits for an extended period, which can feel disheartening — especially when you need to offload it fast. Thankfully, there are some things you can do about it.
Continue reading to learn more.
3 Reasons Why Your House Isn’t Sell and What You Can Do About It
- Your House is Priced Too High — One of the biggest determining factors of how long your property will sit on the market is your listing price. Listing your house too high is a common mistake. Finding the perfect listing price can be tricky — you don’t want to list it too low and potentially miss out on profits, but if you list it too high, you run the risk of your home sitting for months and months.
How to Fix It — Price reduction! If more than three weeks goes by without any serious interest or offers, it’s time to drop your list price. But don’t drop your price by a few thousand dollars every week. A significant price reduction should fit the bill.
- Your Home is in Poor Condition — Another reason your house isn’t selling could be because of its condition. Does your home need a lot of updating or repairs? If the answer is yes, that could be turning off potential buyers from making an offer. Some people are up for a project, but more often than not, buyers want an almost or completely turn-key house.
How to Fix It — You may need to consider investing in a few projects. Improving your curb appeal, kitchen, and bathrooms will typically give you a decent return on investment and hopefully will help you sell your property faster.
- Your Property Isn’t Being Marketed Well — If you use a real estate agent to sell your home, you pay for their expertise and access to their marketing platforms (at a huge cost!). A house that is priced right and is in decent condition may just not be being marketed well.
How to Fix It — Use the tech tools at your fingertips to market your home: social media, MLS, and brokerage websites. In a 2018 survey, 93% of homebuyers in the United States used online websites when searching for a property to purchase.
Your House Isn’t Selling? Contact Sell Your OKC Home Today!
If your house isn’t selling and you want to offload it quickly, contact the pros at Sell Your OKC Home today! Skip the tedious and stressful traditional sales process that can take months or even years! We want to buy your property in its current condition and can close in as little as 14 days. There are zero fees, no commissions, just more money in your pocket! After getting your fair all-cash offer, you can select the closing date, making it a quick, simple, and ideal way to sell your Oklahoma City house. Contact our team to learn more today.