Everyone wants to sell their house as fast as possible. Unfortunately, that doesn’t always happen – and in some cases, sellers find their house sitting on the market for much longer than they had hoped, leaving them asking themselves: Why is my house not selling?
If you’re in this situation, I’m here to help. As a top Denver Realtor, I’ve helped countless homeowners get a great result from their sale. I’ve even set the price-per-square-foot record in some local communities.
In this blog post, I’m breaking down a few reasons why your home may not be selling, what you can do to fix that and some advice on the best way to sell your house. Let’s get started.
How Long is Too Long For a House to be on The Market?
There’s no objective timeline for how long it should take to sell your home. As a seller, it’s really about understanding your local market conditions and considering your personal comfort level.
Let’s say your house is on the market for 2 weeks with no offers. In some cases, that may be a red flag; in others, it could be somewhat expected.
What Stops a House From Selling?
In reality, there are a number of reasons why your home may be taking a long time to sell.
If you’ve clicked on this blog, there’s a good chance you’re wondering, “Why won’t my house sell?” Or maybe you’re looking to list your property soon and are already stressed about your house not selling.
Some (if not most) of the reasons will be in your control, while others may be out of your hands. However, here’s the good news – you’re not stuck. If your house isn’t getting the right attention from buyers, there should be certain steps you can take to turn things around. What NOT to do to sell your house can be just as important as what to do if your house is not selling.
Looking for more advice on how to sell your house in Colorado? Explore these related blog posts.
- Selling a House in Colorado: How to Get the Best Price
- How Long Does it Take to Sell a House?
- Why Choose a Local Denver Real Estate Agent to Sell Your Home?
You Chose the Wrong Real Estate Agent
Hands down, the most important decision you will make when selling your home is the Realtor you choose to work with. They’ll be guiding you through the sales process from start to finish, leveraging their own experience, strategies, and resources to help you sell quickly and for a great price. In other words, your home’s market potential (and your final results) will only be as good as your agent – and in Denver, Realtors’ skills and knowledge can vary widely.
If you think you may need to move on from your current real estate agent, there are a few things you need to know. First, there may be implications, penalties, or other disadvantages if you’re still under contract with a real estate agent and try to start working with another.
Second, once the time comes to find a new professional to work with, you’ll really want to do your research. Spend time researching and speaking to multiple agents in your area. Ask how long they’ve been an agent, how many homes they’ve sold, and what makes their selling services stand out from others.
You Skipped Out on the Prep Work
It doesn’t matter how hot the real estate market is, great home sales don’t happen by accident. To that end, a big part of selling your home quickly (and for top dollar) is preparation.
Although it may not be the most fun aspect of selling, taking the time to make your home market-ready is super important. You may love your home the way it is, but that doesn’t mean that buyers will.
Certain preparations like deep cleaning, decluttering, making repairs, and staging don’t just make your house look better, they also create a level of mass appeal among buyers, ensuring your home fits a wide range of tastes.
Preparation, like the next few items on this list, is a great example of why it’s so important to hire the right agent. An experienced, high-performance agent will understand exactly what buyers in your community are looking for in a house. They’ll help you spruce up your home in a way that gets buyers excited about it.
Heading to the market? Explore these blog posts for more advice on selling your house.
The Price is Wrong
Another majorly important detail when it comes to selling your home is price. As a homeowner, you may have an idea of what your house is worth. However, that doesn’t always line up with the market. At the end of the day, your home is really worth whatever buyers are willing to pay for it. This could be more than you are expecting, or it could be less.
If you’ve put in the work to make your home look great and buyers still aren’t taking notice, it could be priced too high.
Keep in mind that most buyers explore the market based on their budget. After all, no one wants to fall in love with a home, only to realize they can’t afford it. If you’re asking yourself “Why is my house not selling in a hot market?” your pricing strategy may be working against you. So, rather than pricing on the high side and waiting for offers below that number, selecting a more balanced asking price can get your property in front of more buyers as they house hunt.
Once again, your agent’s knowledge and experience will be fundamental to choosing the right asking price for your home.
Selling Your House in Denver? I Can Help
Need help selling your home? Reach out to me. Hi, I’m Alana Hankins. I’ve been selling real estate in Colorado for more than 20 years. I know local markets inside and out, and have the skills, strategies, and intuition to get your home sold for a great price.
Looking to make the most of your Denver home sale? Get in touch! Email alana.hankins@compass.com or call 303.907.1500 to reach me.
Book a Meeting with Me
Whether buying or selling a home in the Denver Metro area, my experience, local expertise, and market savvy can help you get the most from your next move. Book a meeting with me to see how.
