Why Is Your House Not Selling? Reasons Buyers Aren't Interested

Your house has been in the market for months or even years, yet no solid offers are coming through. Other houses list after yours and get buyers while yours is still pending. Are you doing something wrong? Most probably. There are certain common mistakes that home owners make while trying to attract a buyer. Here are a number of reasons why your house might not be selling:

1.Your Price is too High: This is the number one reason why houses stall in the market. Potential buyers often compare prices before they make the final decision. If the price of your house is significantly above the rest, it is likely to be the first one to be struck out. Do not drag your emotional attachment to your house in pricing matters. Set a fair price and stand a higher chance of selling it.

2.The House is in Poor State: An old looking ran down house will have a hard time attracting buyers. The banks will not be willing to finance the buyer either. Banks require valuable property which they can sell if the borrower is unable to pay. Most buyers are looking for houses to move in right away without wasting time on renovations.

3.Inadquate Marketing: There are several channels you can use to market the house, and you shouldn’t use just one of them. Apart from the now common online adverts, you can use print and electronic media as well. Include plenty of high quality photos in the adverts. Have photos of every room from different angles. Include the outdoors as well. A great visual impression attracts more buyers.

4.Too Much Personality in the House: Buyers have to imagine themselves living in your house. If you have customized it to your taste, they can hardly feel at home. De-clutter the house. Remove as much stuff as you can. Paint the walls with neutral colors. The buyers can then be able to imagine the house as their own.

5.Limited Accessibility: You need to be able to show your house as often as possible. Are you insisting that the house can only be viewed during certain hours of the day or week? Such rules reduce your chance of selling. Do not demand for appointments. Make it easy for buyers to drop by any time and have a look.

6.Unappealing House: Your house can have a good structure but have some unappealing elements. Leaking pipes for instance can paint a poor picture of the entire house. A dirty house will repel buyers instantly. Carry out any necessary repairs. Keep the house clean always. The first impression makes a lot of difference.

7.Innapropriate Location: You could be advertising in a neighborhood where people lack the capability to buy a house. There is nothing wrong with your house, they just can’t afford it. Cast your net wider. Reach out to buyers in other areas. Every visit by a buyer could be your lucky break.

8.Advertising by Yourself: Have you involved a realtor? Or are you simply spreading the word through your family and friends? Do not underestimate the impact of a specialist. No matter how extensive your networks are; selling a house is no mean feat. Employ experienced realtors who can see some details that you might be missing. Buyers also trust realtors and are more likely to consider the deal.

9.Unprofessional Realtor: Hire only competent realtors to market your house. They must handle themselves professionally at every stage. Buyers will associate the quality of service given with the house in question. The realtors should be well versed with real estate matters. They should answer the buyer’s questions accurately. A poor realtor only dents your chances of selling the house.

10.Overinterfering with the Buyer: Once you give the buyers a basic tour of the house, give them space to take a detailed look. Avoid following their every step. Let them discuss and analyze in your absence. Your presence makes them rather nervous, making them unable to express their genuine concerns. Let them have their privacy then get back to you with their decision.

Waiting for a buyer for ages can be frustrating. You may be tempted to sell your house quickly or give it up all together. Do not worry any more. With the tips above, you can make a few adjustments here and there and have your house sold in no time.