If your home isn’t selling, but other homes in the area are, you want to know the reason why. You and your agent should be able to review the market and come up with ideas why your home isn’t selling. There may be an issue with the local area, there may be a lot of houses for sale in the market, or there may not be a significant number of buyers. It may even be that your home is priced too high.
However, if it isn’t any of these reasons, you may feel as though there isn’t any reason why your home isn’t selling. Of course, there may be a shocking and surprising reason your home isn’t selling or generating interest.
Your home may be too cheap
You would think if your home had a low value, you would have a lot of interest. Savvy buyers seeking a bargain would surely see your home as the ideal option when it comes to affordability and value for money. However, this isn’t always the case, and you may find buyers ignore your property listing.
Don’t sell your home with a nine at the end, round up
Over the years, many industries have thrived with price tags ending in a 9. This style of pricing subconsciously makes people think they are getting a better deal. The reality is they may only save a penny or a pound, but the psychological difference may be enough to grab attention.
However, in the digital era, some of the benefits are lost. Buyers set price parameters starting and ending in 0’s, which means that your property price may lie outside the parameters, suitable customers. Equally, your cost will lie at the maximum of the parameter where it sits, so your home will come across as one of the more expensive for a buyer.
Get an accurate price for your home
The most important thing for you to do before pricing your home is to ensure it is appropriately valued. We offer this service, and our team will make sure you have an accurate and genuine price in place for your property.
It is essential to know the local average, but if your home isn’t comparable with the regional average, you shouldn’t use that as a barometer. If your home is more appealing than the average home, the average price lumps it in with many properties in your area. Buyers could be crying out for what you offer, but if the house seems the same as the rest, they may not give it the care and attention it deserves.
If you are looking to sell your home, you need support and guidance from local experts. We are pleased to say we have helped many vendors sell their home, and our team have skill and expertise in the psychology of sales. We will help you find the ideal price for your home, and we look forward to assisting you to sell your home soon.