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Why didn't my house sell -- 3 more reasons

By
Real Estate Agent with ERA Herman Group Real Estate

Top 6 reasons homes don't sell -- Part II

Part I of the Article:  Why didn't my home sell?

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One of the most frustrating experiences that can happen to a home seller in Colorado Springs is when they hire a Realtor and the house they are trying to sell sits on the market for months and months.

This experience is actually more common than you'd expect.    It's an awful experience for the Colorado Springs home seller.  Over 1,350 listings expired in the month of July in Colorado Springs, almost 25% of the total houses on the market.

Price is certainly the most important factor in selling a house; it trumps all other factors.  But, there are several other reasons that your house may not have sold, here's Part II  of my list.

4.  The flyers were cheap or they weren't accessible to buyers

Remember the saying that perception is everything.   A poor quality flyer on cheap flimsy paper will reflect poorly on the house; it can subconsciously make a buyer think it's a cheap house.    Black and white flyers do nothing to show the interior of your house; color flyers are the best option.

5.  It was too hard for buyers to make an appointment to look at your house

It should be as easy as possible to show your house.  The showing instructions should be clear, and the Showing Service should be available 7 days a week, 12 hours a day.   Many Buyer's Agents and buyers will look at 12 to 15 houses in one day, especially when they are from out-of-town.   Hence, you want to make every effort possible to make your house easy to show with very little restrictions on the showings.    Appointments with a couple of hours notice are fine, but appointments that require 48 hours notice can make the house impossible to show.

6.    No Home Book in the house

When buyers are previewing your house, they want something they can turn to for answers.   A Home Book is the solution, as it typically includes information about schools, HOA's, covenants, local parks, and information from the assessor's office.   

Also, buyers will want to know about the condition of the house; when was the roof put on, how old is the furnace, are there any drainage problems?   A copy of the Seller's Disclosures and Square Footage Disclosure can also be placed in the Home Book or next to it.

Original Article was posted at:  Why didn't my house sell? Part II

 

Colorado Springs Real Estate Agent, An Expert You Can Trust

Selling Real Estate in the Colorado Springs area, including Monument,  Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake

  www.ColoradoSpringsVintageHomes.com, www.KathyTorline.com

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Kathy Kenney
Keller Williams, Princeton, NJ - Robbinsville, NJ
Realtor - Princeton & Central NJ Homes for Sale

So true, Kathy!  I will go back and read Part I.  Now, if we could just get the Sellers to cooperate!

Aug 31, 2010 01:08 AM
Kathy Torline
ERA Herman Group Real Estate - Colorado Springs, CO
Colorado Springs Real Estate Blog 719-287-1049

Valerie:  Yes, I think feature sheets make a big difference.  I also like to put feature cards around the house to point out some of the unique features.

Aug 31, 2010 01:22 AM
Kathy Torline
ERA Herman Group Real Estate - Colorado Springs, CO
Colorado Springs Real Estate Blog 719-287-1049

Valerie:  I think the feature cards can make a big difference to potential buyers.  When you are a buyer's agent and showing 10 to 15 houses in a day, it's hard to remember all of the little features of each house.  Thanks for stopping by and reading!

Aug 31, 2010 01:32 AM