How long should selling your home take?
As a real estate professional in the Toledo area, I have sold many homes in this tough market. Often, sellers get distressed over the amount of time it takes to sell their home. The important thing is not to get upset or distressed over your home not selling, but to try to understand why it is not selling. There are many reasons for a home not selling right away. Here are some common reasons:
1. The right price. This is probably the most important reason why a home won’t sell. Many buyers who go out to see homes have an idea in their mind of how much money they want to spend and how much/ what kind of house they expect to get with that money. If a house is overpriced, a buyer will often see that right away and immediately dismiss the home. It is important to consider the houses in the same price range as your house because they may or not be in a better condition than your house.
2. Curb appeal is very important. Most of the time, the picture on the MLS is the front photo of a house. Buyers choosing houses to see from the MLS will sometimes immediately dismiss houses with poor curb appeal. It is important to have a good front photo taken that displays your home’s charm and appeal accurately.
3. Market demand. An over abundance of homes for sale in your price range means it is a “Buyer’s market.” This means the buyer has many choices to choose from; therefore the chances of your home selling are less. This is completely beyond your control, yet it is still an important reason for a home not selling.
4. Economic reasons. Fluctuating interest rates can affect how long it takes your home to sell. Also local company layoffs can affect the market because there would be less people looking for houses. A poor economy can often affect whether or not a home will sell.
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