Lisa Mailhot | September 28, 2023
Buyers
If your home listing has lapsed without a successful sale, it's understandable if you're feeling a bit disheartened. Moreover, you're likely seeking insights into what might have gone awry. Here are three key considerations to ponder as you contemplate your next steps.
One of the major missteps in selling your home is limiting the days and times available for potential buyers to tour it. Flexibility with your schedule is crucial, even if it seems demanding to adjust plans when buyers wish to view the property. Constricting access translates to limited exposure to potential buyers. ShowingTime recommends:
“. . . do your best to be as flexible as possible when granting access to your house for showings.”
Occasionally, committed buyers may travel from a distance. If your showing times are restrictive, it may inconvenience those making a considerable effort to see your property. Aim to make your home accessible to accommodate a broader range of potential buyers. It's a straightforward equation: without adequate viewings, how can your home sell?
In the realm of home sales, the age-old adage holds true: you only have one chance to make a first impression. Enhancing the exterior appeal of your home is just as vital as staging the interior. Elevate your landscaping to boost curb appeal and create a positive initial impact. As emphasized by a U.S. News article:
“After all, if people drive by, but aren’t interested enough to walk through the front door, you’ll never sell your house.”
Extend the positive impact beyond the front door by depersonalizing and decluttering the interior. Creating a blank canvas allows potential buyers to envision themselves in the space. Additionally, a fresh coat of paint or well-maintained floors can significantly enhance the overall appeal of a room.
Setting the right price is paramount when selling your home. While it might be tempting to inflate the price for a larger profit, overpricing can deter buyers and impede a quick sale. Business Insider warns:
“. . . the biggest mistake sellers make is overpricing their home.”
If your home is priced higher than comparable properties, it might lead to a loss of interest from potential buyers. Pay attention to feedback from open houses and showings. Consistent remarks may signal a need to reconsider and potentially lower the price.
For comprehensive guidance and more insights, lean on a reliable real estate agent. A knowledgeable agent can provide expert advice on relisting your home with effective strategies to secure a successful sale.
It's natural to experience disappointment when a listing expires without a successful sale. Let's connect to analyze the situation, identify contributing factors, and discuss necessary adjustments or changes to relist your home successfully.
Homebuyers and renters alike are feeling the pressure as mortgage rates, home prices, and rents continue to climb. With new tariffs and inflation concerns shaping cons… Read more
Vacant properties owned by absentee owners have sparked debate in LA, especially post-wildfires. Learn why these homes are a point of contention and what potential sol… Read more
A 40% tariff on Canadian lumber could raise U.S. home prices and hinder new development. Learn how this affects housing affordability and which homebuyers are impacted… Read more
From AI-powered fridges to smart security systems, the latest smart home trends are captivating buyers. Discover how investing in tech upgrades could enhance your home… Read more
Thinking of buying a tiny home or accessory dwelling unit (ADU) online? Learn what to watch for, including zoning rules, assembly costs, utility connections, and insur… Read more
Homebuyer and seller commission negotiations are heating up after new rules took effect in August. Discover how these changes are impacting average commission rates, n… Read more
In the aftermath of devastating LA wildfires, State Farm has requested a 22% insurance rate hike in California. Discover how this could impact homeowners, why wildfire… Read more
With rental market growth set to hit $5.35 trillion globally by 2025, investors can boost returns by diversifying portfolios, leveraging tech, and adopting proactive m… Read more
Baby boomers are holding tight to their real estate and assets, delaying the long-anticipated "Great Wealth Transfer." Learn how this affects millennials, Gen Xers, an… Read more
Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most