Ever wonder why some houses get snapped up in no time, while others seem to linger in the market forever? Or perhaps you’re puzzling over why your Philadelphia property isn’t attracting the right buyer. In this blog post, we’ll delve into possible reasons behind your stalled sale and what you can do about it.
Selling a house demands effort. It’s a delicate balancing act where the property, price, and buyer have to align perfectly. As a seller, it’s crucial to assess your home critically and consider whether the price you’re asking makes sense.
Why Isn’t My House Selling in Philadelphia
Reconsider Your Asking Price
Many people hastily list a property without accurately assessing what they will ultimately gain. An estimated guess of the worth, inflated to account for commissions and listing expenses, doesn’t cut it. Unfortunately, several sellers lack a realistic understanding of their home’s value. Before you list, compare your house with similar recently sold properties in your vicinity. You may even want to get an appraisal done.
Continuously lowering your house price on the MLS and other marketing platforms might raise red flags to potential buyers. They might start wondering if there’s a hidden issue with the house.
Your Personal Items Can Distract
Though you may adore your belongings, they’re still YOUR belongings. Can buyers envisage your spare room as their future office if it’s cluttered with personal items?
• Stow away personal items.
• Keep tables and desks clear of paperwork.
• Remove photos.
• Store personal items like your robe, toothbrush, and shaving gear.
And while you’re at it, give it a thorough cleaning. To be blunt, your typical cleaning habits may not be on par with some of the people viewing your home. Now is the time to channel your inner neat freak.
You Aren’t Able to Compete
Considering a listing in Philadelphia? It’s important to understand your competition. Familiarize yourself with local property prices, what your neighbors are asking for their homes, and what similar houses have recently fetched. Consult listing sites and your county appraiser. Instead of focusing on asking prices, pay attention to the final sale prices. Also, understand the buyer demographics in your area. If your neighborhood attracts families, make your yard inviting for outdoor activities. If young professionals are the target, consider showcasing a room as an office or home gym.
It Needs Work
It’s crucial to be candid here. Over time, you might have grown accustomed to minor flaws that potential buyers won’t overlook. Seek an outside opinion on necessary repairs. Request your friends for their frank views. Consult your real estate agent. And, consider conducting an independent inspection. Addressing these issues will not only boost your selling prospects but will also diminish your buyer’s negotiation power concerning repairs.
Bad Photos
In this digital era, people extensively use the internet for house hunting. Poor quality photos can rapidly kill a listing. On the other hand, professionally taken photos can dramatically enhance your listing’s appeal. Never settle for an agent who casually clicks a picture from their car. Ensure your photos are free of ANY clutter. Indeed, even if you have to tidy up just for the picture, the effort will pay off.
Your Agent isn’t Doing All They Could Be
Certain agents do the bare minimum and simply hope for a sale. They might be in the industry for a quick profit. Contrastingly, at We Buy Any Philly Home, we are genuine real estate professionals dedicated to helping people. We believe in the joy of owning the perfect piece of real estate.
Title Complications
Selling a property with liens or title problems is extremely challenging. Maybe you inherited the property, but the ownership was never legally transferred to you. If you’re looking to sell a property in Philadelphia, it’s advisable to resolve such issues before listing.
Does Your Home Make a Good First Impression
Sometimes, sellers overlook the power of curb appeal and its influence on buyers’ decision-making processes. Your home’s exterior is the first glimpse potential buyers get of your property, and it has to be enticing. A tidy, well-maintained yard, fresh paint, and appealing landscaping can pique their interest. Consider investing in minor enhancements, such as power washing the exterior, replacing old house numbers, or adding a welcoming touch with potted plants near the front door. A house that radiates warmth and charm from the get-go can significantly boost your sale prospects in the competitive Philadelphia market.
Partnering with the Right Professionals
When navigating the complex real estate terrain, having the right allies can make a world of difference. Consider teaming up with professionals who have deep knowledge of the Philadelphia market and a solid track record. You can engage with a skilled real estate agent who can guide you with staging tips, and they can tell you what you need to repair. If you want to sell without having to repair anything or complete a clean out, you can work a direct cash buyer that doesn’t need any of that. We Buy Any Philly Home are local home-buyers that would offer cash with no bank contingencies for repairs that often makes typical housing sales challenging. We don’t charge any agent fee’s either (keep the 6% in your pocket).