Why hasn’t my house sold?

Here are a few reasons and remedies

Reason

  • Overpriced
  • Price reductions too little, too late
  • New competition since property listed
  • Builder competition
  • Difficult to show, not readily accessible
  • Glutted or slow market
  • Property has become shopworn
  • Many showings but no offers
  • Offers forthcoming but not
  • Condition (maintenance problems)
  • Condition (major problems)
  • Cosmetic allowances have not enticed offer
  • Location not desirable
  • Property showcased poorly
  • Property not being shown
  • Pets (odor, soll, and Intimidation)
  • Neighbors or neighborhood
  • External Influence (new highway, etc.)
Remedy

  • New Market Analysis, lower price
  • New Market Analysis, significantly lower below the next price break or two
  • New market analysis, lower price, offer incentives
  • New market analysis, offer upgrades competitive with builder
  • Use lockbox and readjust showing hours if necessary
  • Adjust pricing and offer incentives
  • Add new photos, offer incentive, inform area REALTORS®
  • Reduce price
  • Re-examine counters and adjust to offers consummated
  • Freshen up and review ways to improve
  • Rehab as necessary-new carpet, paint
  • Rehab as necessary-remove allowance
  • Compensate with price adjustment
  • Hire staging professional or ask REALTOR® for suggestions
  • Make property more accessible with lockbox
  • Deodorize carpet, cage pets when not home
  • Counsel with neighbors regarding interference and condition of their properties
  • Adjust price, gather accurate data, and prepare fact sheets

For more information about Why hasn’t my house sold? or buying or selling a home in Texas, contact us.

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