My House Hasn’t Sold- What Is The Problem?

why isn't my house selling image

It is upsetting and stressful when your home sits on the market, but you aren't getting an offer. You took the time to prepare it for showings and remove your personal items. You may be in a hurry to sell it due to your impending plans. You likely can only buy another home once you have a solid offer on this one.

It isn't easy to always keep your home clean in case someone wants to view it. The selling process can interrupt your day-to-day routine. It is best to be out of the house when someone comes to see it, which can be inconvenient for your schedule. The ups and downs are hard. You get excited when someone views it, but then there is dead silence. They don't ask for more information or make an offer.

Several factors can prevent your home from selling. Take an objective look at each and see where you can make changes. If you have any concerns, communicate with your real estate agent.

Listing Information

Is all the information in the listing correct and complete? What are the main points of your home that would entice someone to purchase it? For example, if you have a finished basement, that increases the selling price above a house with an unfinished basement. The layout of the home should be shared, as should the square footage and any additional features. If you have a two-car garage or a swimming pool, ensure such perks are visible in the listing.

Effective Marketing

Your real estate agent has to do their part. Are they effectively marketing your home, keeping it in the public eye? Make sure you work with a seasoned agent who is motivated and has an excellent track record. They should be highly recommended and not spread themselves too thin. If they have too many listings, they may not have enough time to market yours effectively.

Excellent Pictures and Videos

The photos of your home should be amazing! The right angle, lighting, and visuals make a world of difference. The pictures should be crisp and in focus. If they are clear, it can give someone the right impression of the dimensions and flow of the home. A detailed video should show the entire home room by room, front, and back yard.

Do your best to take pictures and videos when the home is spotless. Cluttered counters can be an eyesore. Dirty clothing in the background or a bed that isn't made distract potential homebuyers. Allow your real estate agent to take the pictures or create the video. You can also hire a professional.

The Time of Year

Selling a home in July or December is very difficult around Winnipeg. July is a prime time when people are enjoying holidays and warmer temperatures. There are bargain hunters out there, but there is not a huge market of potential buyers serious about making an offer on your home. December is another time when people focus on the holidays, not buying a home.

How Long does it take to Sell a Home?

Many factors influence how long a home sits on the market. They include:

  • Time of year
  • Market is saturated with homes for sell
  • Interest rates are high
  • Inflation
  • Overpriced homes
  • The average consumer can't afford an expensive home (high-end homes take longer to sell)
  • Negotiate

What is the bottom line you can sell your home for? You may need a certain amount of money due to what you still owe on it or other expenses. Are you willing to drop the price to sell it faster? Your real estate agent can assist you with the best price for your home. You don't want to lose money on the deal, but you may sell your home faster if you price it slightly lower than similar homes in the area.