The Top Reasons Your Detroit House is Not Selling

Why is my house not selling? Waiting around for a buyer to come along can be stressful when you’re selling your home. Emotionally, the preparation for showings and let down as no offers follow can be draining. Financially, depending on the circumstances you’re facing, the bills keep stacking up as time passes by. If you’ve had to relocate, you’re now carrying the burden of paying and caring for two properties. If the days are adding up to weeks and months, it can become downright depressing as every day passes. However, there are likely many reasons why your Detroit house is not selling. It’s time to make a change! When a listing lingers on the Detroit market, something isn’t right with your listing. When something just is not working, you fix it. Given that you have mere seconds to capture the attention of the average buyer, no one fix is more important than the other. It all matters when you list your home. By learning the top reasons your Detroit house is not selling, you can make wiser decisions and finally sell your home.

Overpriced

When buyers are researching houses, they become intimately familiar with the best locations and established expectations in pricing. If the features, location and other determining factors don’t add up to your asking price, then this is most likely the reason your Detroit house is not selling. While buyers are willing to make offers lower than the asking price, they don’t want to deal with the discomfort of coming in with an offer so far below the asking price that it would appear insulting.  Overpricing equates to starting on the wrong foot with your listing. Setting the price right from the beginning is the best way to limit the time your home sits on the market waiting for a buyer.

Not Updated

When buyers are walking through your home, they have expectations built around the latest technology and most up-to-date modern features of a home. You may need to renovate and update the elements of your home, from countertops to appliances and convenient features that meet the demands of technology. While you may love the wallpaper you’ve had since 1993, it’s turning off your potential buyers and could be the very reason your Detroit house isn’t selling.

Repairs

If apparent repairs are needed, this is likely why your Detroit house is not selling. The majority of buyers seek a home ready for their family to move right into and begin their new life. Additionally, as you may have already learned, bargain hunters typically include contingencies asking for credit against the cost of repairs. These deductions make the offer come in far below the home’s value, even with the need for repairs. Unless your home is brand new, there are likely to be some repairs you’re aware need to be completed. However, being oblivious to a problem doesn’t free you of the responsibility after the sale. You should keep in mind the consequences of failure to disclose in traditional home sales, even when you were unaware, can be extremely costly if you end up in court.

Bad Advertising 

Advertising is a multifaceted endeavor. Not only must the photos associated with your listing be of top quality but buyers also have expectations of virtual 360 tours, which require the services of professional photographers and drone pilots. The write-up needs to entice them with a fascinating description of the property to keep their attention on your listing. If you or your real estate agent haven’t taken advantage of the vast pool of buyers offered by optimal advertising reach and content, this may be the reason your Detroit house is not selling.

Staging

Have you removed any personal items? Staging is widely used in marketing homes today because it gives the buyers a blank canvas to imagine themselves occupying the space. If your family photograph is on the mantle, or your favorite color tone of blue is on the walls, it can prevent the buyer from picturing themselves living in the home. Using neutral tones and removing some of your belongings visible during walk-throughs can vastly reduce the time on the market. If it appears to be someone’s home already, this is a potential reason your Detroit house isn’t selling.

Availability

All of the steps involve professionals leading up to listing, open house, showings and finally the inspections and appraisal all include appointments. The meetings equate to time out of your busy day and showings mean prepping the home to look magazine perfect at the drop of a hat. If you’re unable or unwilling to make your home open and available with a moments notice, then you probably found the reason your Detroit house isn’t selling

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