What to Do if Your House Isn’t Selling?

If your house has been on the market for too long, it can be frustrating. You may wonder why your house isn’t selling despite all your efforts. Don’t get discouraged. There are quite a few things you can do to fix the situation.

When a house is priced well for its market, it shouldn’t take a long time to sell.The number one thing to do if your house isn’t selling is to discuss it with your agent. You may need to adjust your pricing and your listing.

This post will let you know the reasons why your house isn’t selling and how to fix the problem.

Why Isn’t My House Selling Fast Enough?

It is possible for a house that is still listed to have received offers but never had them finalized. It is even worse if you haven’t had a single offer! You might be doing something wrong.

Here are reasons why your house may still be for sale:

• You’re priced too high. The size of your house is the primary consideration when it comes to pricing. However, it is not the only factor involved. The neighborhood that you are in is the second thing to consider when pricing. A 1500 square foot, three-bedroom house can vary wildly in price depending on where it is. For instance, if it is on the waterfront, it will go for a much higher price than a home that’s not. Anyone looking for a home will run away from your listing if the price is too high. This is a common mistake made when people try to sell their home on their own. They often neglect to do their research. With an expert agent by your side, this is a mistake that can easily be avoided.
  
• The curb appeal is poor. A potential buyer may ignore a home with an unappealing exterior. If the house isn’t presentable, then interest may quickly disappear! You must try your best to keep the outside of your home as neat and attractive as possible. You never know when a prospective buyer will pass by.

• Your listing doesn’t interest anyone. A picture is worth a thousand words! You can use a variety of online platforms to advertise your home to people. These can make it very easy to find buyers. This is why you have to make sure it is as appealing as possible. Make sure the description contains all necessary information. Do your best not to leave anything out. When it comes to the photographs in the listing, make sure they are well-lit and staged.
  
• The house needs too many repairs. Even with an attractive price attached to it, the need for too many repairs can repel people. Having to do a whole set of repairs isn’t worth the time to some buyers, even with a price cut. If the house is outdated, there is a chance that a buyer will have to pay for upgrades down the line. Many prefer not to deal with this uncertainty.

What Can You Do If Your House Just Isn’t Selling?

Even if your house has been on the market for years, trying out the tips below might be the solution that you need! If the offers start coming in, then you’ll know you’ve done something right.

• Adjust your pricing. It is important to take a look at similar homes in the neighborhood and their prices. You may have set a price that drives away buyers before they even take another step. Analyze the neighborhood you are in, as well as prices for homes like yours. If you have an agent already, then discuss with them more competitive pricing to bring in offers.
  
• Get an agent or a new one. An agent is there to make sure that your house gets sold. If you are certain that everything is fine with the home, your agent might be the problem. Experienced agents will price optimally, and have connections that bring offers in days. If you never had an agent from the start, then get one! It’ll make things so much easier for you. You might be shocked at how fast things will move along from there.

• Make sure you stage your home! Many buyers will only see your house once, and that will be through the photos that you put online. You get a single chance to make an impression before they look somewhere else. Make sure that your photographs are clear and well-lit, and you stage the house well! This will involve you cleaning up and moving things around. Staging is about making everything look as good as it can for the pictures. It also applies to people who may walk by the house and for showings too. Try your best to get all this done before you stake in that “For Sale” sign.
  
• Complete major repairs. Though repairs are expected with very low-priced homes, some new buyers don’t want to be saddled with them straight up. Buyers may pass on the house even if they have the money to fix up the home. You can save yourself such stress by making these repairs. They may cost quite a bit the bigger they are, but it’s the big ones that drive people away. The good thing is that the money you spend on repairs doesn’t go to waste. You can recoup it from the sales price. After all, you no longer need to reduce the price you want for your home.
  
• Make needed upgrades. If similar houses in your area have upgraded kitchens, you may need to match them. This will save your home from being at a disadvantage compared to others. A buyer will prefer a modern home to one that looks outdated. This is especially true when there are other homes for sale in your neighborhood.

• If all else fails, rent. If you have had your house up for years, but no one wants to take it off your hands, you can rent it out. This works best if the house is an income property, and not where you actually live. You’ll be able to get passive income with such a method, while still looking for buyers.

It can be frustrating when your house fails to sell despite all your efforts. There are a few things that are common causes of this. Identifying the causes makes it easier to fix. And if you can’t identify a reason, then some of the tips above can help you find a solution.

One of the best things to do is to get yourself a capable real estate agent. Deborah Laemmerhirt, Realtor®, is exactly that. You can be sure that she’ll do her best to get your house off the market in no time.

Call Deborah Laemmerhirt, Realtor®, at 203-994-4297. She’ll get the job done for you!

In case you cannot view this video here, please click the link below to view What To Do if Your House Isn’t Selling? on my YouTube channel: https://www.youtube.com/watch?v=B9HF2TOPMU0

There are many reasons why, as a homeowner, you may choose to sell your home. It could be that you wish to move. Or maybe you have fallen upon hard times. Knowing whether to sell your house “as-is” or to make repairs depends on many factors.

Your most important consideration should be why you have listed your home for sale. If you want to sell fast, the house should be sold as-is. You won’t make as much profit, but the price is likely to be more inviting to buyers. If your goal is maximum profit, make all repairs before selling. It may take a bit longer to find a buyer, but the profit is guaranteed.

This is a basic way to look at it, but many other things will influence your decision.

What Factors Influence Selling As-Is or Fixing Up?

Selling ‘as-is’ simply refers to selling a home without making any repairs or upgrades. The idea here is that the buyer will make any required fixes. This tends to result in a lower asking price.

The conditions of a home can differ significantly. For instance, let’s consider an example of two homes to be sold as-is. One might simply have an outdated kitchen or a single leak in the roof. The other may have mold in several places, holes in the walls, and worse. These houses both need repairs, but the money needed for one home will be much higher than the other. This is just an example of one of the factors that can influence the decision to sell as-is.

The following are some of the factors to consider if choosing an “as- is” sale.

1. The extent of the repairs. The extent of the repairs in your home is an important factor. It will influence your possible buyers, selling price, and timeline of sales. A house with more extensive repairs will be costly to fix up. In cases like this, it might make sense to sell as-is. Note that most offers will come from flippers, due to the money required to fix the home. Very few buyers who intend to actually live in the house will buy such a home unless the offer is very low. If you plan to sell a home with a few repairs, you might as well fix what you can. Don’t give your buyers a reason to beat down the price because of minor issues.
2. How quickly you want to sell. Your location can determine how fast houses sell. Some areas are slow markets, and a well-priced home may take months to sell. If you intend to do extensive repairs on your home, this will stretch the time before sale further. If time is a pressing concern, then you may have to take the hit on profits and sell as-is. If there’s no rush, it is worth taking your time to repair and sell at a maximal profit.
3. Your expected profit margins. There’s no easier way to put this. If your goal is to maximize your profits when selling your home, you have to fix it up. You will find that your returns will be much greater than your expenditure. A home sold as-is will not only have low offers because of the cost of repairs, but the inconvenience as well. If a repair is expected to cost $10,000, a buyer may drop the price by $15,000 or more instead.
4. Current financial status. This is one of the absolute factors that determine whether a house should be fixed up. Simply put, if the funds required to fix major things aren’t available, it can’t be done. It is possible to take a loan to finance repairs. However, the certainty of sale after repair should be ensured. 

Things to Note When Selling As-Is

There’s less that you’ll need to do when selling your home without any repairs. However, you still need to take note of some things.

• Your buyers for a home sold as-is will depend on the extent of the repairs required. In a home that has minimal repairs needed, you will likely see every kind of buyer.
• When the damage is more extensive, it’ll typically be investors that show up. Flippers are always on the lookout for a home with a low asking price. They will buy it, use their money to make the repairs, and sell it at a much higher price. Of course, in an ideal situation the homeowner would do exactly this, but the factors we discussed above may prevent this.
• Some prospective homeowners may show up though. These are likely people looking for their dream home. Considering the extent of repairs required, they can repair the house to their taste. It is cheaper than building a home from scratch.
• It is important to state all known issues with the home when listing. If the buyer brings an inspector, any surprise issues may make them lose confidence. After all, they may assume that there are more repairs that you are keeping from them. Price with all the necessary repairs in mind.

Things to Keep in Mind When Fixing Up

If you have the funds, it’s not a bad idea to make all the necessary repairs. You’ll be at peace knowing your sale will have no compromises. However, you may only want to make selective repairs. If capital is low and this is the case, some fixes can add more value than others. These include the following:

• Fixing any major damage to the structure. These will cost a lot, but it’s best to start here than with smaller things. A broken roof or a complete hole in the wall will have more impact on price.
• Repairing minor damage to walls, ceiling, and floors.
• Repairing or replacing a faulty HVAC system.
• A fresh layer of paint. A color like gray is preferable as it is neutral and can be painted over without stress.
• Fixing light switches and other electrical items.
• Make any repairs needed on the plumbing.

However, with a real estate agent by your side, this process will be made easier. Your capital can be assessed to determine which repairs should be made.

Also, fixing up can include making upgrades to the home. If high-end kitchens are common in your market, it will be a smart decision to follow suit. A real estate agent knowledgeable in the area can help you choose the best upgrades to make.

Deciding to sell your house as is or to fix it up can be difficult. With a qualified real estate agent by your side, this can be easier. Deborah Laemmerhirt, REALTOR®, can make all the difference for you.

If you want to sell your home around Candlewood Lake, CT, such as New Milford or Danbury, you can make the right choice of agent. Call up Deborah Laemmerhirt, REALTOR®, at 203-994-4297, to get started.

In case you cannot view this video here, please click the link below to view Is It Better to Sell My CT Waterfront Home As Is or Fix It Up on my YouTube channel: https://www.youtube.com/watch?v=uTt4_vgph1s 

CT Luxury Waterfront Real Estate For Sale

Luxury Waterfront Home in CT

Are you looking for the perfect luxury waterfront home in CT? We have the best listings available in prime locations throughout the state. If it’s comfort, accessibility, elegance, or convenience you’re after, then you’ve come to the right place!

My name is Debbie Laemmerhirt, and as a resident of Connecticut myself, I am excited to help you find the Connecticut real estate that will suit your needs and make this place your new home!

The joys of living on the coast

To state the obvious, moving into a Luxury Waterfront Home in CT is for those with a taste for nature and a thirst for adventure.

We offer luxury homes for sale in locations near Lake Waramaug, Lake Lillinonah, Lake Zoar, Candlewood Lake, and the Connecticut coastline. Each one is guaranteed to impress you on your first showing!

In all my years as a REALTOR® and as a long time resident of Connecticut, my business goal remains the same: I want to give you the best price, shortest time, and least inconvenience in buying or selling a house.

Why get a CT luxury waterfront home?

Whether you are planning to relocate your family or are simply looking for real estate to invest in, you can never go wrong with a CT Luxury Waterfront Home.

The possibilities for home improvement and beautification are endless! Adding a dock to your lakeside home instantly increases its value. Plus, taking your boat out for a spin will be as easy as stepping outside your porch!

Creating a rustic, mariner theme for your Connecticut real estate will give it a classic appeal, making your home an instant favorite for family gatherings and affairs.

Having guests over will be incredibly delightful in your new home. The water right in your backyard provides for unlimited leisure and fun! You can easily create an intimate atmosphere with close friends or a lively gathering for large groups.

When you are in the mood for some quiet and solitude, listen to the gentle waves and enjoy the cool breeze outside in the privacy of your own home.

At night, witness your home magically transform as the lights from the inside contrast with the dark shades of blue surrounding your home, creating an otherworldly feel you can enjoy time and time again!

A home like this can be yours!

When the opportunity to own Connecticut real estate presents itself to you, grab it and schedule a private showing today! For years I have helped interested buyers like you find the home they had been dreaming of.

Whether you are looking for a home to live in, or a property to invest in, you can never go wrong with a prime piece of property like this.

My name is Debbie Laemmerhirt. I am a licensed REALTOR® and the top real estate agent here in Connecticut. I look forward to being your friend and associate.

My years of experience in the business, combined with my own personal residence in this area, has given me unparalleled connections and knowledge of the trade. You can count on me to make your experience smooth and hassle free.

Call me now at 203-994-4297 and schedule a private showing today!

In case you can not view this video here, please click the link below to view Luxury Waterfront Real Estate in CT on my YouTube channel: https://youtu.be/YeZvC87RiUg