While you can learn a lot from a property that sells in a short amount of time, you can learn much more from a home that has seemingly been on the market forever. While there are a variety of factors that buyers analyze when looking for a potential home, considering each of these factors for a home that cannot sell may help you thwart potential problems when looking to sell your home. Some of the most important factors holding back these types of homes are listed below.
Most people know that the golden rule in real estate is, “location, location, location,” but what can you learn from a home that cannot sell in an unpopular location? For starters, it is important to look at the price relative to the location. If the home is not located near prominent landmarks or bodies of water, but is priced like a downtown property, then it becomes evident that the seller has not taken their location into account. If you notice that homes near you cannot sell, consider how you must adjust your price in order to supplement for your less than desirable surroundings.
House selling points are a very important aspect when looking to attract buyers to your home, especially when it comes to online and physical listings. While a home may have great selling points, the owner may be looking to advertise the wrong aspects of the home. For example, some buyers purchase small, above-ground pools in the summer months. While these pools are essentially meaningless to the real estate market, a seller may look to advertise this point over their amazing kitchen space. This would lead to a potential buyer being discouraged by the small pool and ultimately walking away from the home all together. In order to avoid a situation like this, be sure to advertise the strongest aspects of your home instead of what you think looks good on paper.
As mentioned earlier, location plays an important role in asking price, but this is not the only factor that is considered by a potential buyer. Even if a home is located in a prominent neighborhood or urban area, there is still a chance that the person selling a house is looking for too much money is exchange for the property. In fact, this is the most common reasons that homes tend to sit on the market longer than initially expected. By pricing your home according to a number of factors, you will have a price that attracts buyers rather than scaring them away.
Learn from Others’ Mistakes
While the real estate market is as healthy as ever, it is still important to give your home the best possible chance to sell in a reasonable amount of time. By paying attention to the mistakes of others, you will have the ability to avoid these mistakes and sell your home sooner rather than later.
Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/