If your home has been on the market for a while and the traffic to your door step is dwindling away, there may be some red flags why your listing isn’t selling. Our Anne Winch Real Estate Team has gathered together some key reasons why some listings sometimes won’t budge in the real estate marketplace.
Markets drive the price
If you are in a buyer’s market, there are a lot of listings out there and you may sometimes need to wait a littler longer. However, right now we are still in a seller’s market phase. If you are trying to sell during a seller’s market and your home is not budging, we would like to hear from you. There may be a few simple things we can help you with!
Overpriced
Nothing makes a listing stagnate more than being overpriced. Our buyers are very savvy and they know when a listing is overpriced and they will just walk away and look for something else. Forty percent of buyers will not even look at a home that is overpriced. You need to have a real estate team that is honest with you, even though you may think your home is worth more. This is where we can help. The proof is in the statistics of our home sales. We will do a comparative study of similar homes sold in your area and compare them to your home. We will then have a price range to sell your home.
Bad floorplan
Even though your home may be in a great location, a bad layout can turn away some buyers. But what can you do if you have a bad layout to deal with? Some layouts can be fixed at minimal cost. If the fix will cost you more than your rate of return on selling the home, you may have to negotiate a bit on the price to sell it. Our Anne Winch Real Estate Team will be able to suggest some simple adjustments to your floorplan to get your home sold in no time.
Busy location
If your home is on a busier street, it may affect the sale of your home. It is better to try to emphasize the benefits of the location. Perhaps it is closer to shopping, work or community centres. Some professionals looking for a home would prefer a bad location to a bad layout. It all depends on the buyer.
Needs some TLC
If your home has not been renovated since the 1980s, chances are buyers will either walk away or try to get a price much lower than market value. If there are some updates you can do that will upgrade the look and price of your home you may want to follow through. Give our Team a call before you try to do any renovations. We know what buyers want and need and we will give you an honest approach of what you may need to do to get your home sold.
Our Anne Winch Real Estate Team prides itself on helping our clients. We can quickly appraise your home and help you with some ideas on how to make your home more appealing to most buyers. Give us a call even though you don’t know where to start. We would love to help!