Spring home buying season has already begun and the majority of listings are already gone from the market as soon as they are posted. While such is the case, other listings still appear to take a longer time sitting in the market than others do. Why is your house not selling on the market?
Current market conditions reveal that the odds are in the seller's favor. As previously reported here on Realty Today, the majority of listings in the market are already gone as soon as they are posted for sale.
Spring home buying has seen an increase in the number of buyers in the market. This has led to a shortage in the inventory of available homes in the market, which resulted in an increase in the selling prices of homes.
While this is the case in the majority of listings in the market, some sellers still fail to sell their home despite the increase in the demand for more homes in the market. Realtor.com listed the top five reasons why some listings still fail to attract buyers in this busy, seller's market.
According to the publication, one of the reasons you home is not selling even in today's busy market is because of your price. Yes, most reports would say that some buyers are already engaged in bidding wars and would shell out more than the listing price, but let us still be realistic and practical when it comes to pricing your home.
Aside from the price, you may also need to take a good look at your home's listing photos and description. Home staging is often recommended to most sellers because doing so will help prospective buyers imagine themselves living in your space. It also goes without saying that a house that was kept to its tip-top shape will get more offers than those that need a lot of repairs.
