Why Your House Isn't Selling: Our Top 6 Picks | ThompsonSells.com

Curious to Know Why Your House Didn’t Sell

Everyone’s talking about how hot the Toronto market. In this very hot market, why do some houses not sell? Here are the top 6 reasons why your house didn’t sell.

Reason#1: Pet Odour or Foul Smells in The House

Nothing is more of a turn off to potential buyers than a foul smell in your home. Get rid of any odors before putting it on the market

Reason#2: House is Difficult to Show – Find The Right Time

Buyers want to see homes at a time that is convenient for them. If you have too many restrictions on when buyers can see your house, they may pass over your house for another one.

Reason#3: Decluttering, Staging and Make House Look its Best 

When you put your house on the market you want it to look it best.  This means de-cluttering, fixing minor repairs, super cleaning and in some cases staging.  Homes that are properly staged for the market sell faster and at a higher price.

Reason #4: Effective Real Estate Marketing Strategy

Most home buyers initially shop for their home online. Having a great online marketing plan that will maximize the exposure your home gets to buyers is critical.

Reason #5: Pricing Your House too High

The market determines the price that you house will sell for. It is the simple law of supply and demand. Buyers will pay the market price for your home but not overpay.  If you price your home too high, it likely will not sell. the price your home will sell for is not wishful thinking or it really has nothing to do with:

  • How much you need to purchase your next home
  • How much you paid for your home in the first place
  • How much you spent on improvement
  • The value of similar homes in a different community
  • The cost to build the same house today.

Reason #6: Selling Your House Without a Realtor

Many buyers would prefer to have a realtor negotiate the deal for them versus negotiating directly with the seller. Negotiating deals is what realtors do for a living so they are typically pretty good at it. They also know the neighbourhoods and can steer you towards a good one.  If you sell your home without a realtor, you will miss out on many buyers, buy in the wrong neighbourhood or not get the best price.

I’m always interested in helping with any of your real estate needs. Whether buying or looking to sell your home in Etobicoke feel free to connect with me here

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