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I showed a home today in Catonsville, MD. It has been on the market for almost a year. When it was brand new on the market I had a client who put in a very reasonable offer. The seller rejected the offer. Today it is priced substantially lower than what they would have netted with my clients offer.
You had your house for sale in Litchfield County... and it didn't sell. (You might be thinking.. why is she writing about that again?) In a nutshell, NO MATTER HOW MUCH I TALK ABOUT IT, WRITE ABOUT IT, WE STILL GET THESE PHONE CALLS!
We have some tough questions for home owners. It is our roadmap, so to speak.
Did you have a dollar amount already set when you priced your home?
Did your price reflect what you want to get for the sale of your home?
Did your price reflect the current local real estate market activity?
Do you understand the current local real estate market?
Did your price reflect the actual condition of your home?
Are you really aware of the actual condition of your home?
Next, a walk around the home. Have you learned to live with things that you no longer see? Do you really understand how a buyer will see your home?
Routine maintenance. A new roof is routine maintenance. Septic repairs are routine maintenance. How is your heating system? Is it new? That is routine maintenance by the way. Because if it is broken, leaking, not working properly it should be repaired or replaced. But here is the key.... and easy to remember.
If it was repaired or replaced, it is not going to cost you money off the price of the home! Yeah!
If it wasn't, if your roof is at the end of its life, if you need a new septic system, if any of your mechanicals are not working properly it will cost you.
If you did keep up with the routine maintenance of your home, you get a gold star, a pat on the back, an atta boy atta girl, but you don't get extra money. But you don't get money deducted!!! It is a great selling point though, something to be featured prominently in the marketing of your home.
Are you the nicest house on the block? Are you the only new colonial set in a field of 1980's raised ranches? Does your neighbor have a graveyard of dead vehicles in his back yard? These things also affect the price of your home, the desirability of your home.
Why didn't my house sell? Here is the real answer to that question. It didn't sell because buyers didn't find it attractive enough to make an offer. If it is not priced for condition, for location, according to the current local real estate market you will not sell.
And here is something you may not even realize. If it is overpriced they won't even consider it because it is off their radar in the first place!
When you call us and ask why your home didn't sell in Litchfield County we will let you know. The proper diagnosis will help you make the most important decision of all.
Are you really ready to sell your home in Litchfield County, CT?
Because if you price it ahead of the competition, if you price it according to the current local real estate conditions, if you price it according to the condition of the home, conditions of your neighborhood, you stand a far better chance of selling. If not, you will be asking that question over and over again.
"WHY DIDN'T MY HOUSE SELL???
Andrea Swiedler, Realtor® Liddy Adams, GRI, Broker Associate
Ha-- so right! We need to print your words on our foreheads so sellers can READ the words rather than HEAR them because we all know that sellers only HEAR what they want to HEAR!
I have seen to many times that the first offer generally is the best offer. Just today, I closed on a short sale for $725,000 and the same bank turned down 1 million, 18 months ago. Go figure...
how true, and it has always been true good market bad market! but people close one eye! it was good enough for us! it breaks my heart sometimes,to tell people that raised thier familys in the home that it needs extensive updating to sell in this day and age!!!
Ellie, first, thank you for the reblog! And second, doesn't that just make you shake your head? I hope that the sellers situation in this case didn't cause them undu hardship.
I am a Maryland transplant from many other places, most recently Florida, but since 1997 I have found my true home in the heart of this great State. Maryland has it all. Mountains 3 hours to the West, the Atlantic Ocean 3 hours to the East and head North and South for either Philadelphia and New York or Washington DC. It is the perfect location! The Metro Baltimore area offers a rich mix of history and modern amenities. City living, suburbia or "not a neighbor in sight" is available in this area. Excellent Schools, amazing communities and an incredible location is why many people choose to live in Central Maryland. I proudly help my clients buy and sell all types of homes in Howard County and beyond. Enjoying the entire process is my goal for my clients. Every transaction is different and everyone has different needs. I know the Metro Baltimore area well and I am current on the Real Estate Market activity- That's my job.
As your "Buyers Agent" I will work diligently to find you the home that suits all your needs. I will update you immediately when a home matches your search criteria. I will educate you on the current market and help you craft the best offer possible. I will "hold your hand" throughout the entire process.
As your "Listing Agent" I will coach and guide you from day one to put your best foot forward when you list your home. I will use aggressive and innovative marketing strategies to give your home the best exposure possible. I will use modern technology and multiple resources that other agents do not use. I WILL PROVIDE YOU WITH PROOF OF ALL MY EFFORTS.
I am a full time agent and I my number one goal is to give you exceptional service ALWAYS.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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You had your house for sale in Litchfield County... and it didn't sell. (You might be thinking.. why is she writing about that again?) In a nutshell, 
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6 Comments on Why didn't my house sell?
Nah, the house did not sell because all the buyers don't understand the value of it.
Ellie sometimes the listing agent may not inform there selling of current market conduction's and the sell let the go away. E
I have seen to many times that the first offer generally is the best offer. Just today, I closed on a short sale for $725,000 and the same bank turned down 1 million, 18 months ago. Go figure...
how true, and it has always been true good market bad market! but people close one eye! it was good enough for us! it breaks my heart sometimes,to tell people that raised thier familys in the home that it needs extensive updating to sell in this day and age!!!
Ellie, first, thank you for the reblog! And second, doesn't that just make you shake your head? I hope that the sellers situation in this case didn't cause them undu hardship.
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