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3 Reasons why your home likely didn't sell and expired from the market

By
Real Estate Agent with RE/MAX Stars Realty

It is important to understand that not every home successfully sells during it's initial listing period with a real estate agent. There is a term in the real estate industry for homes that don't sell and they are called an "Expired Listing" because they expired during their listing term. When a property expires and doesn't sell it usually leaves the homeowner disappointed and many wonderful what caused their home to not sell.

Here are 3 of the most common reasons why a house fairly to sell

1. The home wasn't spotless clean and or wasn't staged in a way that made the buyers want to schedule a showing appointment to see the property in person. Remember, your first showing happens online so if your presentation isn't great you won't likely attract many serious buyers. Having high quality, professional photos and 3D virtual tours is a great way to make your property stand out over other competing homes.

#2. Was your home always ready for showings or were there times that weren't convenient for you to have a showing. Remember that if you miss out on a showing, the buyer may be looking at other competing homes and by refusing or trying to reschedule a showing you could have missed out on your home sale.

#3. Did you list your home at a price that was above the current market value? The quickest way for your home to not sell is to overprice it. Many people believe they can start high and if it does't sell, they can always come down later. The problem with that way of thinking is that by the time you eventually come around to dropping your price, the majority of the buyers who would have been interested have already bought other homes.

Our team has successfully helped thousands of homeowners list and sell their homes and we have the experience and knowledge of what it takes to get your property sold today.

Sam Miller of REMAX Stars Realty 740-397-7800

710 South Main Street, Mount Vernon, Ohio 43050 SamMillerSells.com

Comments(5)

George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Sam Miller those are all good reasons why a home will sit on the market for a while

Jan 04, 2024 02:25 PM
Sam Miller

Thanks for commenting George!  It is so much easier for a homeowner to get the home prepared before listing it, price it right at the current market value which will generate a lot of buyer activity as a new listing and get it SOLD.  

Jan 04, 2024 02:29 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

#3 is the most likely reason a home does not sell. Buyers are frustrated in our market because there are so few homes for sale. Yet, buyers recognize a home that is overpriced and simply pass it by.

Jan 04, 2024 04:57 PM
Sam Miller

Thanks for commenting John!  I do agree that if the home is overpriced, it will turn off more potential buyers than it will attract - Sam 

Jan 04, 2024 05:28 PM
Richard Weeks
Dallas, TX
REALTORĀ®, Broker
Great information, thanks for sharing.Ā  I hope you have a great day.
Jan 05, 2024 03:42 AM
Sam Miller

Hi Richard, Thanks for commenting and I hope you have a super fantastic 2024 - Sam 

Jan 05, 2024 05:10 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

The days on the market DOM speaks volumes. Especially today in my market where real estate inventory is low and buyer motivation to buy is through the roof Sam Miller .

Jan 06, 2024 05:16 AM
Sam Miller

Thanks Andrew!  The days on market speaks volumes for sure especially in the mid priced homes because more people can afford those homes compared to the ultra luxury homes - Sam 

Jan 06, 2024 07:51 AM