What is the most common reason a property fails to sell?

The most common reason a property doesn't sell is an unreasonable selling price from the seller. A sale price that is too high is the surest way to increase your days in the market and have a non-initial announcement that buyers simply ignore. If attempts to sell your home have stalled, start by determining if one of these 12 common obstacles could be the culprit and apply a quick fix to get your sale on track. According to data from the National Association of Realtors, 22% of recent sellers closed their homes after a price reduction.

If an ad gets a lot of views but there are no offers, Madiera-Gorden suggests that a 1% reduction could attract the right buyers. If there are few visits, a price reduction of 2% to 3% may be necessary. Depending on the aspect of the competition, a seller may choose to upgrade their home or lower the price accordingly. For example, if all other comparable listings have an oven that is less than 5 years old and yours is above expectations, place a new one.

Our research confirms the value of staging; 67% of top agents surveyed by HomeLight agree that ready-made homes sell 1% to 5% more, and 83% report ready-made homes buy faster. More than 75% of top real estate agents across the country say well-landscaped homes are worth between 1% and 10% more. These same agents say that increasing exterior appeal is often the most effective action you can take to improve the marketability of your home. The main reason a home doesn't sell is a sale price that is too high.

There are several types of bad odors that shoppers can detect. Some of the most common odors that can cause a buyer to flee a home include the smell of cigarette smoke, the smell of pets, the smell of food, and even odors resulting from moisture, such as mold. When a property is listed for sale and is not sold during the sales contract, it is known as an expired listing. There are many valid reasons why a house may take longer to sell, but people think that if a house takes too long to sell, there must be a problem with it.