Have you put your house on the market, but your home isn’t selling in Phoenix? This can be a frustrating scenario for sellers, especially if you’re on a time crunch. Whether you’re receiving no offers at all or only low ball offers from house flippers, there’s usually a reason. If your home isn’t selling in Phoenix, it can be challenging to determine why, but don’t worry. In this article, we’re discussing the most common reasons why your home isn’t selling.
Low-Quality Listing Photos
With over 90% of buyers starting their home search online, you must showcase your home in the best possible light. If your listing photos look unprofessional or of bad quality, potential buyers might be turned off. Professional listing photos can really set your property apart from the competition. Be sure to capture your home’s main selling points. Find a photographer who specializes in real estate and can take hi-res photos of your home in Phoenix.
List Price Is Too High
Even in a seller’s market, pricing your home too high is a big mistake. Although you want to get top dollar, it’s important not to price yourself out of the market. You can get an accurate idea of your home value by looking at similar recently sold properties in the area. If your listing is getting lots of views, but no offers or homes similar to yours are selling for a lower price, you might want to adjust your price.
The best way to ensure you’re listing your home at a realistic price is to have a real estate agent conduct a Comparative Market Analysis (CMA). A CMA compares your home to other similar homes in the area to determine a fair list price.
Lack Of Staging
According to 40% of buyers agents, a well-staged home makes all the difference in achieving an optimal sales price. Staging highlights your home’s best-selling features. It also enables potential buyers to visualize themselves living in the property. For example, if you have a beautiful yard, adding an outdoor dining table can help buyers picture themselves enjoying it. If you aren’t sure how to stage a home or would rather someone else do it, you can hire a professional staging company. Staging companies will stage your home with furniture for a fee to make it appealing to buyers.
Not Using an Experienced Real Estate Agent
Real estate agent’s spend a lot of time buying and selling homes, so they understand the market. If you’re trying to sell your home without one, you could be doing yourself a disservice. Real estate agents have access to the Multiple Listing Service (MLS). The MLS is a private online database managed by real estate professionals and utilized by buyer’s agents. Putting your listing on the MLS can help to attract more serious buyers.
Distracted Home Showings
Showing a home in the best light possible means giving potential buyers a chance to view themselves living there. Needless to say, homeowners, pets, and nosy neighbors can ruin the vision. Buyers can feel uncomfortable viewing a home that the owner is in, limiting the amount of time they spend looking. This can be detrimental to your showing.
When showing your home, try to make yourself scarce so that potential buyers don’t feel awkward looking around. Your real estate agent is the best person to give tours of your home without impeding on the buyers showing. If there are selling-features that you think buyers should know about, be sure to communicate them with your agent.
Selling your home in Phoenix doesn’t have to be overwhelming. By avoiding these five common listing mistakes, you can ensure your home sells quickly and for the highest price possible. If you are having any trouble selling your home in Arizona and you are running short on time, HSE Buyers can always help you sell your home fast!