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Why Your Dream Home Buyer Isn't Calling (and How to Fix It)

Pricing Jocelyn Tan June 5, 2024

Months on the market, open houses gathering dust, and not a single offer in sight. Selling your house can quickly turn from an exciting prospect to a frustrating exercise in patience. What went wrong? Why is your dream buyer seemingly oblivious to your perfect property?

At Distinct Concierge Real Estate, we have the experience and expertise to get your home off the market. Here are our top four reasons for why your home won’t sell and how we can help you sell quickly!

1. Pricing:

  • Setting the Bar Too High: In a competitive market, an inflated asking price can scare off potential buyers before they even consider your home. They might assume the property has hidden issues or that the seller is unrealistic.
  • Ignoring Market Value: Failing to consider recent sales data (comps) in your neighborhood can lead to a price tag that's out of sync with reality.

Solution: At Distinct Concierge Real Estate, we can help you conduct a thorough Comparative Market Analysis (CMA). This will help you price your home competitively based on similar properties that have recently sold.

2. Condition:

  • First Impressions Matter: Buyers form an opinion within seconds of seeing your home. A neglected exterior with overgrown landscaping or chipped paint sends a message of neglect and potential hidden problems.
  • Dated or Uninspiring Interiors: Buyers want to envision themselves living in the space. Clutter, outdated finishes, or poor lighting can make it difficult for them to see the potential.

Solution: Consider our Pre Sale Renovation services that offer professional guidance and makeover in a timely manner. Average home sellers earn an additional $186k in profit with pre sale renovations!

3. Location... (Not Quite Right)

  • Not the Right Niche: While you might love your neighborhood, it might not be the perfect fit for every buyer. Consider the demographics of those most likely to be interested and whether your location aligns with their needs.
  • Hidden Drawbacks: Potential buyers might be overlooking your property due to unseen drawbacks like noise pollution, limited street parking, or proximity to undesirable features.

Solution: If location isn't the strongest selling point, highlight the home's unique features and amenities. Can you emphasize a quiet backyard retreat, a short commute to a specific employer, or proximity to hidden gem restaurants.

4. Marketing:

  • Limited Exposure: Relying solely on the Multiple Listing Service (MLS) might not be enough. Consider social media marketing, virtual tours, email marketing, or open houses to reach a wider audience.
  • Uninspired Marketing Materials: Grainy photos, poor descriptions, or a lack of highlighting key features can make your home look unappealing compared to the competition.

Solution: Consult our marketing expertise and partner with our agents to create strategies and competitive campaigns to reach your audience. Our commitment to creating high-quality visuals, crafting compelling descriptions, and leveraging various marketing channels will get your home seen by the right buyers.

By addressing these potential roadblocks, you can increase your chances of finding the perfect buyer and selling your home quickly and for a top price. Check out our video below to hear from our CEO, Rod Watson. 

 

 

 


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