In a perfect world, home selling would be a linear, predictable process. You put your house on the market, you schedule a bunch of showings, and you get your offer. As anyone who has sold a house before knows though, it doesn\u2019t always work out like that, and plenty of people are left wondering why their house isn\u2019t selling\u2014and what they can do about it.<\/p>\n\n\n\n
Homes in the United States spend about 58 days on the market, according to research from Realtor.com. (You can use their market trends forecasting tool to see the data for your specific county or metro area.) But 58 days is the average, not the rule. And that means that plenty of homeowners are finding themselves waiting longer than that to make a successful sale.<\/p>\n\n\n\n
So, here\u2019s the bad news: You can\u2019t force anything if your house isn\u2019t selling. A home sale requires a number of circumstances to come together\u2014most importantly, the right buyer at the right time. The good news, however, is that you can try to pinpoint the reasons that your sale isn\u2019t making progress in the way that you want it to. Not all of those reasons are in your control, but many are. Sometimes, a couple tweaks can make all of the difference between a house not selling and that done deal.<\/p>\n\n\n\n
If your house isn\u2019t selling and you\u2019re left wondering why, here are five possible explanations.<\/p>\n\n\n\n
It\u2019s Not the Right Market\n\nThere are two real estate market trends that play a major role in how fast a home sells:\n The time of year that you\u2019re listing\n Whether it\u2019s a buyer\u2019s market or a seller\u2019s market\n\nIn general, early spring is the time of year that homes fly off the market the fastest. From of end of March through early April, homes have 5% less competition and sell six days faster than homes that go up in late spring, when the market starts to flood. That flood tends to last through the summer, and then dwindle down to a near halt during cooler months, when less buyers are looking to move.\n\nAnother big factor to keep in mind is whether it\u2019s a buyer\u2019s market (lots of homes for sale but few buyers) or a seller\u2019s market (lots of buyers on the lookout but few homes for sale). In the latter scenario, you\u2019re more likely to sell your home quickly, since there\u2019s a lot of competition for properties. In a buyer\u2019s market, however, you\u2019re the one facing competition, and you may find that your house isn\u2019t selling nearly as fast you want it to, or even as fast as it might have if the scenario was flipped.\n\nThe best way to avoid a stagnant sale process due to bad timing is to be strategic with when you list. It\u2019s better to wait and get on the market when your chances for a faster sale are high than to go on the market too early and let your listing get stale.\nYour Home is Priced Too High\n\nThe higher the price of your home, the smaller the pool of available buyers. Likewise, homes that are priced well above the comps in their neighborhoods\u2014without any clearly distinguishable added value\u2014are going to get passed over. Purchasing a home is a huge investment, and buyers want to make sure they\u2019re getting the best deal possible. A home that\u2019s overpriced is not a good deal, and it\u2019s not going to have much luck selling.\n\nSellers rely strongly on their realtors to guide the pricing for their houses, but realtors who suggest listing prices that are too high don\u2019t tend to have their client\u2019s best interests at heart (or might not really know what they\u2019re doing). How do you know if your home is priced too high? There are a few tell-tale signs:\n Your home is listed higher than the comps\n Other homes in the neighborhood are selling but yours isn\u2019t\n You\u2019re not getting a lot of requests for showings\n Your listing pages aren\u2019t getting much traffic\n\nIf you suspect your home is priced too high, get a second opinion from another realtor or two\u2014it may be time for a price drop.\nYour Listing is Insufficient or Outdated\n\nYour home\u2019s listing is usually the very first place that buyers go when they\u2019re deciding whether or not they\u2019re interested in learning more about your property. But if your listing isn\u2019t doing your home justice, you\u2019re going to end up with a marketing plan that falls flat and a house that isn\u2019t selling.\n\nAn insufficient listing can mean a few different things. It might be that you didn\u2019t include enough information about the property, or that your listing is lacking in images. Or it could mean that the information and images are there, but they\u2019re not quite doing their job\u2014think dark, blurry pictures, or wordy descriptions that leave out the stuff that really matters, like what\u2019s so great about the location or key features of the home. When a lot of care hasn\u2019t been invested into the listing, it suggests that a lot of care hasn\u2019t been invested into the home either. And that can be a big turn off for buyers.\n\nAn outdated listing, on the other hand, says something different: that the home has been on the market for a long time. If it\u2019s early June and the listing for your home is full of pictures with snow in the yard, buyers are going to know that the house isn\u2019t selling, and they\u2019re going to wonder why. Try to avoid having your listing pictures taken with details that could date them, such as Christmas decorations. If you can\u2019t avoid it (such as if there\u2019s snow on the ground when you first list), have new pictures taken when the season changes.\nYour Home Isn\u2019t Being Marketed in the Right Places\n\nThe methods that your real estate agent uses to market your home matter a lot. Gone are the days of the glossy print listing being the gold standard for home marketing\u2014today\u2019s buyers want tech.\n\nAccording to the National Association of Realtor\u2019s Real Estate in a Digital Age Report, 44% of buyers look to the internet first when they\u2019re home shopping, versus just 17% who start the search process by contacting a realtor. For sellers, the tech tools that provide the highest quality leads are (1) social media, (2) MLS, and (3) brokerage websites and listing aggregator sites. And considering that 76% of all buyers find their home using a mobile device, it\u2019s safe to say that relying on tech-based marketing isn\u2019t just preferred, it\u2019s required.\n\nOld school realtors will remember a time when this wasn\u2019t the case. It certainly would have been hard to predict that social media would outrank MLS as the go-to digital hub for finding listings, or that buyers would be significantly more likely to start their searches on their own with the help of the internet instead of reaching out to a brokerage firm. As such, some realtors might be resistant to the changing tides, which could lead to outdated marketing practices that don\u2019t meet buyers where they\u2019re at.\n\nAs a seller, it\u2019s your job to advocate for your listing and to make sure that every possible avenue for marketing is being explored\u2014particularly the ones that are most likely to draw in buyers. It\u2019s also a good idea to engage with the marketing process yourself. Start sharing your listing with your social network and social-based real estate community groups. The more eyes you can get on your listing, the better chance you\u2019ll have of speeding up the sale process.\nYour Home Isn\u2019t Making a Good Impression\n\nIf you\u2019re getting showings but your house isn\u2019t selling, consider that it might be due to aesthetics. Not everyone wants to take on a project, so if your home is in poor condition and in obvious need of some repairs or a good cleaning, it\u2019s not going to be attractive to buyers, even if the bones are good. The same goes for if your home is decorated boldly, in a style that says \u201cniche\u201d more than widespread appeal. Again, it\u2019s not that these things can\u2019t be fixed, but that many buyers are looking for a turnkey home, or at least one that isn\u2019t going to cost them a lot right at the outset in repairs and design.\n\nTo show off your home in its best light, aim for a neutral appearance. That means no clutter and no loud design choices, as well as cleaning and repairs where needed. If you\u2019re not sure how to go about tackling this task (it can be a big one), bring in a professional stager. Staging your home can be as simple as decluttering your space, or might require putting overflow furniture into storage or painting some walls. If you do it right though, you\u2019ll go a long way toward ensuring that your house makes the right impression with buyers and helps them more easily envision themselves living there.<\/code><\/pre>\n\n\n\nIf your house isn\u2019t selling, try to figure out why as soon as you can. The longer your home sits on the market, the less action you\u2019re going to get on it. But if you identify and take care of the issues that are preventing it from getting an offer, you could speed up the process and finally get your home sold.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a perfect world, home selling would be a linear, predictable process. You put your house on the market, you schedule a bunch of showings, and you get your offer. As anyone who has sold a house before knows though, it doesn\u2019t always work out like that, and plenty of people are left wondering why […]<\/p>\n","protected":false},"author":2,"featured_media":542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/posts\/541"}],"collection":[{"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/comments?post=541"}],"version-history":[{"count":1,"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/posts\/541\/revisions"}],"predecessor-version":[{"id":543,"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/posts\/541\/revisions\/543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/media\/542"}],"wp:attachment":[{"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/media?parent=541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/categories?post=541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.afinances.com\/wp-json\/wp\/v2\/tags?post=541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}