Have you tried listing your house without much luck? It happens to people all the time. Find out why your home isn’t selling in Peoria here in our latest post! Various factors can cause a house not to sell on the MLS, whether it’s old and ugly or new and shiny. Some homes do not photograph well, face too much competition, or are not priced according to current market conditions. Understanding why your home isn’t selling in Peoria is crucial, so continue reading to discover how to fix it.
Incorrectly Priced
Sometimes agents lure you in with the promise of a high list price, only to leave you stuck with the house and back at square one month down the road. Oftentimes you will find yourself having to lower the price just to get more people in the door. People see you cut the price and they automatically assume that something is wrong with the house, in which case, you may have to take the house off the market while you re-evaluate your strategy. If you decide to list your home with a Peoria real estate agent, make sure your asking price is in line with what other houses in the area are selling for.
Flooded Market
Are there many similar houses in your neighborhood on the market? It is difficult to attract attention when the market is filled with similar houses, so you might have to pay out of pocket for additional marketing and ways to showcase your property.
In some cases, you might need to make an improvement or add a feature to the house so that it lives up to its potential and looks much better than the others in your neighborhood. If you’re not willing to put up the cash that investment properties require, you may find yourself waiting around for that buyer much longer than you hoped.
Needs Work
Not everybody is in the market for a fixer-upper. A house that needs work is not going to get the same amount of attention as a turnkey property. Potential buyers often shy away from properties requiring extensive repairs due to the time, effort, and additional costs involved. Selling directly is the best way to go if you’ve got an eyesore or fixer-upper property to sell. You will avoid the expenses of repairing, and you will be able to expose your property in front of more people who will take an interest in it. Additionally, direct buyers are often more flexible and willing to purchase homes as-is, making the process faster and less stressful for you.
You Have Tenants
Marketing a house for sale in Peoria with a sitting tenant can be very challenging. If the tenants were not planning on moving out until being forced by the sale of the property, it may ruin their day, making it difficult to request that the place be shown around frequently. This situation can lead to uncooperative tenants who might not maintain the house in showing condition or accommodate viewing schedules. Additionally, potential buyers may be hesitant to purchase a property with existing tenants due to concerns about tenant rights and the potential hassle of evicting them.
Bad Neighbors
Another reason why your home isn’t selling is the bad neighbors. Bad neighbors can be a huge turn-off when listing your home with a real estate agent in Peoria. If someone wishes to come view your property, but they are greeted by a messy yard next door, loud music, or rude people, then it would certainly deter them from considering your house as an option. Have a peek at the houses surrounding yours. How might one feel if they were considering relocating and that was what they found in the area?
Stagnant Listing
The longer a house sits on the MLS, the less attractive it becomes. For every step down that, it takes closer to the bottom of the list, fewer people see it.
Even those who have observed it for a long time will eventually lose interest upon seeing it sitting there for so long. If your property in Peoria has been left on the MLS for any length of time, and your listing is about to expire, you may want to consider calling on a professional home buyer like Heartland Funding Inc. who can give you a fair selling solution on the spot.
There is a myriad of reasons why your home in [ market_city] isn’t selling. The fact is, not every house is meant for the MLS. There are absolutely no promises when you list a house in Peoria, and after your property gets on the MLS, it may sit for a while. You could be even stuck with a price cut in order to draw some extra attention. Some houses simply don’t photograph well, and others tend to blend in with the pack.
No matter what condition your house is in, no matter what may be holding it back from selling, we will handle it. Selling directly to Heartland Funding Inc. means a good price and a quick close in no time. No more repairs or property showings. Our process with us is fast, fair, and easy!