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Why Didn't My House Sell????

Selling a house can be an emotional roller coaster. You are so excited and so full of hope when you list your house.  Each time a potential buyer looks at your house, your hope is renewed that "This could be the one!". Then when the buyer doesn't make an offer, you start to become disheartened and frustrated. If your listing does expire, you want to know why. Let me help shed some light on a few of the potential pitfalls.

DollarSign

Price. The reality is as a seller you want the highest price for your home. After all, you have invested time and money into it and it's full of priceless memories. Unfortunately, sellers and agents do not set the price of homes. The prices are set based on what buyers are willing to pay. If you over price your home, buyers will not even look at it. If it sits on the market too long, it becomes stigmatized and potential buyers wonder what's wrong with it. You also want to avoid pricing your home too low. Let's be honest, you don't want to lose money. So, how do you fix this problem? This is where you need a professional. Real estate agents use a technique called a Comparable Market Analysis (CMA), in which they compare the your home to a similar ones that have recently sold in the same area. This process determines the selling price of the property. However, not all CMAs are created the same. The agent must take into account the differences such as square footage, bedrooms, bathrooms,garages, location, condition and features. Appraisers use the same process in helping banks determine how much they will loan for a mortgage on the property.

Selling Condition

Condition. We are currently in a market where buyers have a lot of choices. There are more houses available for sale then there are buyers. If your home needs improvements, then you should consider completing them before listing. However, before starting costly improvements, you should discuss them with a professional. We can help you determine if you might be able to recoup the cost or if it would make the difference in selling or not. Overall, your home should be neat and inviting. For example, the yard must be clean and appealing regardless of weather conditions. The inside shouldn't have any clutter when being shown to a prospective buyer. Toys, dishes, clothes, and such should be put away, and the house should be bright and inviting. A house that presents well, sells for the best price because it outshines the competition.

Home For Sale Sign

Marketing. How your home is marketed is very critical. If the buyers do not know about your home, you can't sell it. Our office believes in effective marketing in order to provide maximum exposure to potential buyers. We have a marketing campaign which consists of the right combination of print advertising, direct mail and the Internet which ensures your home receives maximum exposure, which in turn helps put more money in your pocket.

We at ERA REALTY PROs specialize in selling houses, and helping frustrated sellers achieve their goals when other agencies couldn't! One of our unique tools to help you identify the real reason why your home failed to sell is our 32 Point Expired Listing Analysis. This is a free service we offer. We will gladly share the results with you so you can avoid repeating the same mistakes.

ERA is the only national real estate company that offers the exclusive Seller’s Security Plan that states: We Will Sell Your House…Or ERA Will Buy It! I would be more than happy to meet with you and help you determine why your home didn't sell and show you how I can help you turn your expired listing into an actual sale. I look forward to helping you!

  Robin

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170 Flanders Road
Niantic, CT  06357
Office (860) 886-7000 x 140
Direct (860) 705-4433
Fax (860) 739-4704
RobinC@RealtyPros.com

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