Selling a home can be both a rewarding and stressful process. If you are lucky, you find a buyer quickly and set a fast closing date. Nevertheless, your house may sit on the market for months or longer.
In August 2020, most for-sale homes in the U.S. stayed on the market for 56 days. While houses tend to sell faster in the summer, you may need to take action if your house has been on the market longer than that. Here are three reasons your house may not be selling.
1. Your asking price is too high
Arguably, the asking price is the most common reason houses do not sell quickly. After all, if buyers can get a comparable home for less than yours, they are likely to jump at the deal. Therefore, if your house is not attracting much attention, it may be time to ask your realtor to rework the comps.
2. Your house is too unique
You may absolutely love your home’s quirky paint colors, retro carpeting or other unique features. Still, if your house is too taste-specific, it may scare away buyers. Taking steps to make your home appeal to the largest number of potential buyers may make sense, even if you have to live with beige walls for a while.
3. Your house is empty
When selling a home, it is usually advisable to remove clutter and personal items. If you go too far and take away all furniture, wall hangings and fixtures, though, buyers may have a hard time envisioning themselves in the space.
Even if you have moved, your home may benefit from staging. Ultimately, anything you can do to make the place feel homier may help to shorten the time it spends on the market.