Why Isn’t my house selling In Minnesota?
Well I’ll give you 3 reasons why and that’s what we’re talking about today and we’re starting right now!
I’m Brad Van Mill a Realtor here in Twin Cities with The Van Mill Group Team at Fish MLS Realty Realty.
So what are the top 3 reasons why your house isn’t selling In Minnesota?
There is no reason, at least not in this current market, that a home in a great condition and in a desirable area shouldn’t sell.
However, there are three common reasons that homes don’t sell and one of these could just be the solution to your problem. Number one, your home is overpriced.
The most common reason why a home sits on the market is because it’s overpriced.
Asking too much for the home could be a result of ignoring your real estate agent’s pricing advice, or an error on your real estate agent, or the market corrected and your agent did not notice.
Regardless of the reason why, you will need to drop your price as soon as possible, to renew interest and to get your home sold.
In a nutshell, homes sell for what buyers are willing to pay, and not what a seller is hoping to get.
The only way to know what a buyer is willing to pay for in a home is to get the prices of homes that have sold in the last 6 months that are like yours.
Not of prices of active listings. If it’s less than what you’re currently asking, I urge you to really, I mean really drop the price.
Home needs work
Number two, your home needs work. We’ve noticed that the homes that sell the fastest are priced right and they’re in good condition. So what do I mean by “good” condition?
Well, the outside has great curb appeal – the exterior reflects pride of ownership.
Meaning the trim is painted, and the stucco is in good condition and the landscaping is tidy. Inside, the paint is fresh, the carpets are clean and the house is neat and decluttered. The buyer has the impression that he or she can move in right away and not have to work to make the home livable.
Lousy real estate agent
Number three, you have a lousy real estate agent. Your real estate agent’s job is to market your home & hire a professional photographer.
If it’s priced right and in good condition, the next reason your home is not selling, is because you real estate agent is failing and failing hard at the marketing game.
Get with your agent and find out what is being done to market your home. If the only thing they are doing is putting a sign in the front of your house and listing it in the MLS, then, it maybe time for you to get a new agent.
It’s a lesson that many homeowners learn the hard way: Never hire a real estate agent that does not have a powerful marketing plan.
If you follow steps numbers one and two, and you are convinced that your agent is doing a stellar job, then you may need to ask yourself, if you’re flexible enough in showing the home.
We know that the worst part of selling your home, is having to keep it in model like condition, despite life’s continuing events like kids, pets, and everything else in between.
But Buyers work too, and often times they are only available to look at your house in the evening or on the weekends.
BOTTOM LINE IS THIS: Even in good sellers’ markets there are slow periods, so if you’ve done everything you could do to ensure that your home is very competitive.
Just relax and give it some time. If you like this video be sure to hit the thumbs up button, leave a comment down below.
Thank you so much for Reading, and we’ll see you on the next one..[Provision Error #28.1 - This Showcase IDX website license is currently active in another WordPress install.]
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