3 Easy Reasons Why A Home Isn't Selling
Many people that list their property on the market in the Jacksonville or St. Augustine areas are fairly confident in the ability to find a buyer that will make a fair offer in a short amount of time. Unfortunately, this is rarely the case.
May 29, 2014 (Newswire.com) - Many people that list their property on the market in the Jacksonville or St. Augustine areas are fairly confident in the ability to find a buyer that will make a fair offer in a short amount of time. Unfortunately, this is rarely the case. Some homes do receive offers very quickly, but even then the banks that will hold the mortgage will not be willing to look at any offer for the home, no matter how high the offer is. SellMyJaxHomeFast has spent years reviewing the Jacksonville and St. Augustine housing markets and have found that there are three main reasons that homes in Jacksonville or St. Augustine may not sell.
The Home is Not Priced to Sell - Priced too High
Overpricing is one of the worst mistakes a homeowner can make. This causes the property to sit on the market for longer periods of time, which decreases the worth. The selling price of the surrounding homes in your neighborhood will govern the asking price. Then once you have a fair market price available, you can compare the home features, size etc. to others that have sold recently. A home with a better location and layout will bring in a better price for the seller.
The Listing Agent is Inexperienced or the Advertising is Poor
Almost all people in this day and age rely on a realtor to list and manage the home's sale. However, if the agent is inexperienced, deceitful or lethargic, the homeowner will lose more money and time than if they sold the home themselves. Remember to take the real estate agent's commission into account when determining the cost of selling the home. The average is a 3% fee and compare all numbers. In addition, the agent may have not paid for extensive advertising or they may have poor quality photos of the home. This could easily be overlooked by buyers in favor of more prominent listings.
The Home Needs Repairs and/or Updating
If the Jacksonville or St. Augustine home does not have a new air conditioning unit (within the last 5 years) and other modern energy efficient appliances, this will not help in the selling of the home. Most first-time homebuyers or any prospective buyers will not have the cash on hand to renovate an outdated home, which narrows the range of potential buyers exponentially that the home will attract. A dirty and damaged home will also not appeal to the majority of homebuyers. If the property is neglected and needs a total renovation, the homeowner most likely will be unable to sell the home to an independent prospective buyer. This leaves the options of renovating the home and gambling on the chance of actually seeing a return on investment, or selling the home to a cash investor like RCD Home Solutions. This can provide a win-win solution for the investor and seller of the property.
RCD Home Solutions buys houses in and around Jacksonville and St. Augustine (and other areas too!). Don't worry about repairing or cleaning up the property.
Categories: Real Estate