Posted on Jan 4, 2019

Melinda O'Donnell

Why Houses DO NOT Sell in a Strong Market

1. The Price
Sometimes when the market is hot, homeowners attempt to set their listing price higher. Their hope is that a motivated buyer will be willing to pay any price for a house in their desired neighborhood! In today’s market a house must be sold twice; first to the buyer and then to their bank. A buyer can agree to pay the homeowner’s asking price, but after the bank conducts their appraisal, the price might need to be adjusted. The bank will only give the buyer a mortgage for the value of determined in the appraisal.

2. The Condition of the House
It’s important to take care of the small problems like dripping faucets and torn screens, while also remembering to remove any posters hanging in your teenager’s bedroom. Agents recommend that homeowners declutter their houses before putting them on the market. Making sure your home is in perfect condition will make buyers fall in love with it and will ultimately help you get the right price for your house!

3. Seller’s Motivation
If homeowners are really motivated to sell, they will make sure their houses are both priced right and in good condition. The seller’s motivation will push them to consider all offers and help them make the right decision for their family’s future.

4. Marketing Plan
If you want to sell your home, you need a real estate professional who understands your local market and knows how to promote your home online.

5. Lack of Communication with Your Agent

Get quote
Message sent. We'll get back to you soon.