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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