What you need to do now is assess for yourself what factors caused your home to not sell. Some of the top reasons that homes stay on the market for extended times are:
Overpricing the property is the number one reason a home does not sell. A typical neighborhood usually has homes with similar features. Such as, number of bedrooms, bathrooms or lot size. Home buyers will naturally purchase the lower priced homes first. Leaving those similar yet higher priced homes to languish on the market. Your home should be competitively priced with those other homes. That means at or slightly below the comparables. Your Denver real estate agent can go over these comparable prices with you to help you establish the best price to sell your house.
Another problem is price reductions. Once home sellers realize they have priced their home higher than the competition, they will take a price reduction. That price reduction will usually place the home at or near the price where it should have been priced in the first place. Now the problem is that you missed many of the home buyers that already purchased homes priced where yours should have been initially. To get over that your home now needs to be priced very competitively. If your home is still priced higher than any of the comparables, your home will continue to sit on the market.
Did the condition of your property keep it from selling? The house should be cleaned spotless. Most buyers will not see through cosmetic shortcomings. All cosmetic items such as paint, landscaping, window coverings and flooring should be in very good condition. Making these cosmetic improvements costs little to do, but may cost you big if you don't. If the carpet is worn, the house has a strong odor or is cluttered the buyer will move on to the next house.
Did you hire the right Colorado Realtor to market your home? A real estate agent who has a strong network and access to qualified home buyers? Did he or she use aggressive marketing on one of Colorado's most heavily trafficked websites such as HomeDealsColorado.com? Over 80% of buyers today use the internet in their Denver home search.
Remember when your parents told you that you should not judge a book buy its cover? Generally speaking, they are correct. But when it comes to home buyers judging a potential house for purchase, they very much will judge the inside by the way it looks on the outside. First impressions are very important.
So to get more potential buyers to get inside your house, you need to spruce up the outside. Here are some tips that will increase your house's "curb appeal", attract more visitors, and perhaps increase the value as well:
* Make sure the exterior paint is in good condition. Particularly by the doors and windows. If there is any paint that is cracked or peeling, it is a good idea to scrape it clean, and apply some fresh paint.
* Check the decks, driveways, porches, etc. If they are moldy, or dingy- looking, a good power washing will enhance its appearance.
* Remove any unnecessary garden tools, toys, engine blocks, pet remnants, etc. You want to keep things as uncluttered as possible.
* Trim any tree limbs that are touching the house. Hedge any bushes that need a good hedging.
* Keep the lawn mowed as much as possible and get to those nasty weeds that you've been procrastinating about.
* Rake up and dispose of any old leaves.
* Brighten up the entry-way with some flowers and potted plants including chrysanthemums and geraniums. Or any other attractive plant. Any of those famous home improvement stores have a good selection.
* Don't forget about the evening "curb appeal" i.e. string some low voltage lighting along your driveway, sidewalks, etc. You may also consider a decorative street lamp or some other light fixtures.
So don't forget about the all-important first impressions when you are about to put your house on the market. Especially since we are now in more of a "buyer's" market, as opposed to the past few years. Good luck in your house selling!
Both Bruce Swedal & Larry Aiello are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Bruce Swedal has sinced written about articles on various topics from Real Estate, SEO Articles and Marketing Tool. Bruce Swedal is your providing professional real estate services to the. Bruce Swedal's top article generates over 60500 views. to your Favourites.
Larry Aiello has sinced written about articles on various topics from Vacation, Real Estate. Larry Aiello is a mortgage professional in the Tampa Bay (Florida) area. If you are interested in purchasing a home in Florida, refinancing your existing mortgage, consolidating your debts, etc., then please visit his website at. Larry Aiello's top article generates over 6600 views. to your Favourites.