What’s the deal with my house not selling? When you’re selling your home, waiting for a buyer can be stressful. The constant preparation for showings and disappointment when no offers come in can be emotionally draining. Financially, depending on the circumstances, bills continue to pile up as time passes. If you’ve had to relocate, you’re now responsible for two properties to pay for and maintain. When the days add up to weeks and months, it’s easy to become depressed as time goes on. However, there are a variety of reasons why your Lexington KY home isn’t selling.
It’s past time for a change! Something is wrong with your listing if it stays on the Lexington KY market for a long time. You fix something that isn’t working properly. Given that you only have a few seconds to catch the average buyer’s attention, no one fix is more important than the others. When it comes to selling your home, everything counts. You can make better-informed decisions and sell your Lexington KY home by understanding these six reasons why it isn’t selling.
Overpriced
When buyers are looking for a home, they become intimately acquainted with the best locations and set pricing expectations. If the features, location, and other determining factors do not add up to your asking price, your Lexington KY home will most likely not sell. While buyers are willing to make offers below the asking price, they do not want to deal with the embarrassment of making an offer that is so low that it appears insulting. Overpricing means you’ll get off to a bad start with your listing. The best way to limit the time your home sits on the market waiting for a buyer is to set the price right from the start.
Outdated
When potential buyers tour your home, they have high expectations for the latest technology and most up-to-date modern features. You may need to renovate and update your home’s elements, such as countertops, appliances, and convenient features that meet technological demands. While you may adore the wallpaper you’ve had since 1972, it may be turning off potential buyers and preventing your Lexington KY home from selling.
Repairs
If obvious repairs are required, your Lexington KY home is unlikely to sell. The majority of buyers are looking for a home that is ready for their family to move in and start their new life. Furthermore, as you may know, bargain hunters frequently include contingencies requesting credit against the cost of repairs. Even with the need for repairs, these deductions bring the offer far below the home’s value. Unless your home is brand new, you’re probably aware of some repairs that need to be made. Being unaware of a problem, on the other hand, does not absolve you of responsibility after the sale. Keep in mind that failing to disclose in traditional home sales, even if you were not aware of the consequences, can be extremely costly if you end up in court.
Bad Advertising
Advertising is a complex business. Buyers expect virtual 360 tours, which necessitate the services of professional photographers and drone pilots, in addition to high-quality photographs associated with your listing. To keep their attention on your listing, the write-up must entice them with a fascinating description of the property. It’s possible that your Lexington KY home isn’t selling because you or your real estate agent haven’t taken advantage of the large pool of buyers provided by optimal advertising reach and content.
Staging
Have you taken any personal belongings with you? Today, staging is widely used in the marketing of homes because it provides buyers with a blank canvas on which to imagine themselves in the space. If you have a family photo on the mantle or your favorite color tone of blue on the walls, it may be difficult for the buyer to imagine themselves living there. Using neutral tones and removing some of your belongings from view during walk-throughs can drastically cut down on the amount of time your home spends on the market. If it appears to already be someone’s home, this could be one of the reasons your Lexington KY house isn’t selling.
Availability
All of the steps leading up to the listing, open house, and showings involve professionals, and the inspections and appraisals all require appointments. Meetings mean taking time out of your busy day, and showings mean preparing your home to look magazine-ready at any moment. If you can’t or won’t make your home open and available on short notice, you’ve probably discovered why your Lexington KY home isn’t selling.
Why should you wait or be concerned? Even if your Lexington KY home isn’t selling on the MLS, Bluegrass Investment Properties LLC will pay you a fair price. Find out how we can assist you in resolving your issues! It’s simple with Bluegrass Investment Properties; just dial (859) 321-6618 or send us a message today.