Why Can’t I Sell My House?
Selling a home can be a stress-inducing process under the best circumstances. If you’re having difficulty selling a home, it’s additionally frustrating. Current figures estimate that it takes an average of 3 weeks to sell in Central Florida. So if your home is still on the market a month or more after the listing date, it might be time to reevaluate and figure out why your home isn’t selling.
The market naturally fluctuates, so sometimes a house sits for an extended period simply because there are too many houses on the market or too few buyers. While you can’t control the real estate market, you can control a lot about the home selling process. Here, we explore what makes a house harder to sell.
It’s Priced Too High
One of the most common mistakes people make when attempting to sell a property is pricing it too high. Especially if you think you owe more than the house is worth and want to sell, you may be tempted to price the home above the market to recoup as much as you can.
It can be tricky to find that balance between a price that’s attractive to buyers and satisfactory to the seller. Before pricing your home, determine its fair market value based on the sale of comparable homes in the area. You can browse local listings or ask a qualified realtor for advice when setting a price.
It Has Poor Curb Appeal
Curb appeal is an old real estate phrase that refers to the first impression your property makes on a buyer. Homes that appear run-down or have visible damage can turn-off a buyer immediately.
Sometimes a little cleanup or some fresh paint can spruce up a home’s exterior relatively quickly at manageable costs. Trimming trees and hedges, raking leaves, and mowing the lawn can be accomplished over a weekend and go a long way in improving the appeal of a home.
If your home requires a significant overhaul, you may not be interested in expending the energy or the money for major repairs or updates and prefer to sell the house “as-is.”
As-is homes can be difficult to sell on the traditional open market. They typically appeal to a particular type of buyer who is comfortable with property renovation and prepared to pay a fair price without requiring any additional work on your part. Cash home buyers like Meli Homes are always looking to purchase homes, even if they need some TLC.
It’s a Fixer-Upper
While some homebuyers relish the idea of a home they can customize according to their tastes, others are less eager to tackle a project.
For example, if the home is outdated, it may be less attractive to buyers looking for a turnkey property. Many buyers have difficulty seeing past undesirable cosmetic issues like damaged flooring or an outdated kitchen from the 1960s.
Some updates are relatively straightforward. You could add some fresh, neutral paint or switch out some old light figures or drawer pulls. Overly cluttered homes don’t show as well as cleaner, tidier homes. Simplifying and removing excess furniture or decor can open up your space and make it more appealing to buyers.
If you do the math and determine renovation costs will likely exceed any profit you’ll see from a sale, it might not be worth your time and money to renovate. If you’ve fallen behind on your mortgage, you’re in foreclosure, or the home isn’t up to code, your home may qualify as distressed under Florida law and require special consideration.
If you are trying to sell a distressed home, consider speaking with a professional specializing in difficult-to-sell homes. They can help you to determine your best course of action for a quicker, financially sound sale.
The professionals at Meli Homes have extensive experience in buying and selling distressed properties. Their 30-day process means you can sell your home fast in Orlando or anywhere in Central Florida, from Kissimmee to Tampa to Palm Bay.
You’re Getting Bad Advice
If your home has been sitting on the market longer than is desirable, it’s a good idea to consult with an experienced realtor who knows how to sell a difficult house. Working with the wrong agent often leads to lower sales prices and extended time on the market. You need an expert to help you navigate the unique circumstances of your home sale.
Any time you’re selling a property, you should know something about the company with which you’re working. We recommend taking the time to research potential companies, to read reviews and testimonials from previous clients. Past performance is a great predictor of future behavior. If you’re unable to find a lot of information about a company, it could mean they’re very new to the process of selling difficult homes, or they don’t have a good record with former customers.
In addition, difficult-to-sell homes are a niche market, and the success of the sale is heavily dependent on finding the right buyer for your home. At Meli Homes, we buy houses quickly for cash. We have helped countless home sellers get out from under the burden of a distressed property throughout Central Florida.
At Meli Homes, we have our finger on the pulse of the real estate market. We specialize in buying homes that are traditionally more difficult to sell. If you want to sell a distressed home at a fair price, ask us about our easy, 4-step process.
Call Meli Homes Today
The process of selling a home can be incredibly overwhelming, particularly if it isn’t the most updated one on the block. At Meli Homes, we make the selling process simple, quick, and efficient.
If you’re tired of requests for updates and repairs, prepping for open house weekends, and enduring the agony of waiting too long for your house to sell, give us a call or send us a message with the details of your home, and we’ll set up a walkthrough within 24 hours.
Let us take the stress out of the home selling process by giving you a fair price for your home. Call Meli Homes today at (407) 338-4183 for qualified, expert advice from our friendly team and make your home sale dreams a reality.
This article is meant for informational purposes only and is not intended to be construed as financial, tax, legal, real estate, insurance, or investment advice. Meli encourages you to reach out to an advisor regarding your own situation. Please consult with your advisor when making legal or financial decisions.
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