If you have
listed your home and you see that it's been sitting on the market for longer
than you'd expect, there are quite a few reasons why this may be happening.
Before heading into a panic, however, take a look through these common reasons
why a home doesn't sell as quickly as expected.
1. It needs to be tidy and clean
While this is certainly a basic, it cannot be over emphasized. Are you
sure that you're not missing anything when you clean up the house for a
viewing? Maybe there are some small messes that you find insignificant that
others see when they're walking through your home. Ask a neighbor to come by to
inspect your home to make sure that everything looks okay before your next
viewing. Sometimes a third party can give you a clue that there's something out
of order and your just missing it because you're so used to seeing it day after
day.
2. Perhaps it is overpriced
While this is a
common reason, this is quite often not the case. Most people jump to the
conclusion that they have overpriced their home when it's not selling quickly
and miss the true cause altogether. Talk to your real estate agent to find out
whether he thinks it's overpriced or whether it's sitting in the price range
that would be expected.
3. There are some repairs to be done
Does your home
have some small repairs that you've been putting off? In many cases small
repairs can stand out to a potential homebuyer. Make sure that any small things
that can be repaired are addressed. It may be something as simple as a drawer
not opening properly, a sticky window or a small crack in the wall. If someone
is viewing your home and decides to open all the drawers in the kitchen and one
won't open easily, it may just be enough to irritate that homebuyer to the
point where he strikes your home off of his list.
For a home
that's full of small repair jobs it's a good idea to call in a handyman for a
day. Hand him a list of things to get done and send him on his way throughout
your house. You'll be amazed to see the difference that can be made with an
intense effort by a handyman. There is a reason why they call them handy and
you'll wonder why you never called one in before.
Make sure that
you talk to your agent about all of the factors that could be slowing down your
sale. No matter what the economy may be these days, and what homes are selling
faster in different parts of town, there are still homes being sold in your
area and you need to make that yours is one of them as well.
Sharon Freeman is a
freelance author who writes about Real Estate and Property tips for her local Sydney market
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