Reasons Why your House Won’t Sell and How to Fix It

-


What are some common reasons for why houses sit on the market and see little to no action? Firstly, make sure you know what the average selling period is for your area. It may just be that the average time a house is on the market is lengthy for your area. Make a comparison to see if your home falls within the average range. If your home has been on the market longer than the average period in your area then here are some tips to see that house getting sold!

The first tip is to upgrade the quality of your listing photos. In order to attract attention and get a potential buyer through the doors, the pictures for the listing should aim to be appealing to the buyer. Although it depends, the “general ballpark for a standard shoot—interior and exterior—is around $250 to $500 or more, not including any extras like video”. You get what you give, and that rule is no exception to real estate. The second tip is to make the house as neutral as possible so that potential buyers aren’t distracted and are able to paint their own picture in their minds as to how they would utilize the space. Another thing many people think to do is to reduce the price in hopes of seeing a bidding war. Houses should be priced at market value using the traditional method and if that doesn’t seem to work then it may be in the seller’s best interest to list slightly below market value in order to spark some interest. The key word in that sentence is slightly. Slashing the price too drastically in hopes of creating a bidding war isn’t as successful as it seems, and the traditional method of pricing at market value attracts the right buyer, and manages to avoid stress from both parties involved.



Taken from an article written by Craig Donofrio from

http://www.realtor.com/advice/sell/why-home-wont-sell/?adbid=866039842580217856&adbpl=tw&adbpr=17351940&cid=soc_2017editorial_20170520_72445147&iid=rdc_news_hp_carousel_theLatest

Comments

Post a Comment

ad 2

Popular posts from this blog

The Toronto Condo Market is only getting Stronger!

-
Image
This year is dubbed "the year of the condo" by real estate agents across Canada, because of the strong performance in the country's major housing markets. The condo phenomenon is something that is happening all over North America. The performance of the GTA's top-tier condominium market eclipsed that of other major Canadian markets in both sales volume and percentage gains in 2017. Sales of $1-million-plus condominiums were up 59 per cent year-over-year within the region, with luxury sales over $4 million up 91 per cent over the previous year. In the City of Toronto, condo sales volumes in the $4 million-plus range rose 82 per cent and those in the $1-million-plus category were up 35 per cent year over year. Certainly in Toronto, Vancouver and Montreal, condos are becoming a choice in terms of where people want to live. If you’re a professional and want to live close to where you work, living in the downtown region has become a lifestyle choice now ...
Read more

The New Square One

-
Image
If you've lived in Mississauga your entire life then you have certainly seen some major changes. Get ready for some more as Square one goes under more developments in time for 2015. The southwest expansion will see the addition of many stores with a Holt Renfrew department store opening its doors in 2016. Holt Renfrew along with many others will help serve the needs of an ever growing Mississauga population, particularly in the downtown core. The rise of condo's in the center of Mississauga, coupled with the new Sheridan college campus which sees an influx of students, will see down-town Mississauga as the place to be. The square one addition has recently completed construction of their food court, and with major cinemas, Go Transit hubs, and Playdium Mississauga makes it just another enticing addition for shopaholics. For more info on the construction and some great pictures check out the link below. Square One Southwest Expansion Underway
Read more

5 things to think about when buying your first place

-
Image
1.       The growth possibilities ·         Buy a place that meets your needs. ·         Think long term because having a 5 year plan might not work out. Remember changes  happen! 2.       What’s under the hood ·          All the basic features should be in good condition. ·          Inspect the property. 3.       Know that no home will be perfect ·         The first home you buy may not be the perfect one but make it the right one. ·         Make a list of “must haves,” along with “nice to haves” and “not necessary  to haves.” 4.       Consider ALL the costs of ownership ·          Look for ...
Read more