Unlocking Success: A Comprehensive Guide on Selling a House That Didn’t Sell
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If your Murrieta, Temecula Valley, or Inland Empire home has recently left the market without finding its new owner, don’t lose hope. The lack of a successful sale might not be a reflection of your property or the market conditions. In fact, your Murrieta, Temecula Valley or Inland Valley home could be one of the most sought-after listings.
If your listing has expired, and you’re still eager for results, take a moment before relisting to assess your situation. Here are some key steps to consider:
Q. Where should you begin?
A. Start by making a commitment to do what it takes to market your house to get it sold.
With the right system, the home sale you want is still well within reach.
Q. Why didn’t your home sell?
A. Review your previous selling plan and you’ll discover that an expired listing usually reflects a problem in one or more of these four major areas:
- Teamwork,
- Pricing,
- Condition of Your Home, and
- Marketing.
Why Don’t Some Houses Sell?
4 Important Points That Will Get Your House Sold!
- Teamwork
Your home is a major financial investment, and your
relationship with your Realtor® should be a full partnership where your needs and wishes are heard, and
you receive detailed and dependable feedback on
the progress of your sale. Your agent has a responsibility to source this feedback from the agents who
have shown your home, and to communicate this to
you so together you can make the right decisions
about what to do next. How well did this occur the
last time you had your home up for sale? - Pricing
Did price work for or against you? The “right” price
depends on market conditions, competition and the
condition of your home. Pricing it too high is as dangerous as pricing it too low. If your home doesn’t
compare favorably with others in the price range
you’ve set, you won’t be taken seriously by prospects or agents.
You’ll get the facts when you see the statistics! To help you to establish a realistic selling price for your home, ask your agent to provide you with an up-to-date competitive market analysis to give you:- a review of comparable homes recently sold or currently for sale,
- an idea of how long other homes have been listed, in order to calculate an average
time in which a home can sell in today’s market, - a review of homes whose listings have expired, to understand what issues were at play.
Note: There is no mention of how much you paid for your home or its improvements. Like any other investment, the market value is determined by what a willing buyer will pay and a willing seller will accept.
- Condition Of Your Home
Showcase Quality!
Is your house someone else’s idea of a dream home? When buyers enter are they inspired? Do they think, “I love this house!” Remember, the decision to buy a home is based
on emotion, not logic.
A house in move-in condition invites a sale. You need to consider:- fixing all the little squeaks and cracks
- keeping it clean for all showings
- making it uncluttered
- brightening it up
- what your home shows like from the street concentrating on outside curb appeal.
Plus — Consider taking care of major items, such having your home painted. Offering an
allowance to your prospective buyers, so they can have painting completed is not the
same as having done it for them. Now, as they’re trying to imagine what that new paint job
will look like, they may also be discounting the price even further because of the less-than perfect look of those walls.
Remember…
A house that presents well, sells for the best price because it outshines the competition.
- Marketing
…Marketing Your Home To Sell! Some Questions You Should Be Asking!
One of the first steps in your marketing plan involves finding an agent who will best represent you. When interviewing agents, test and compare their knowledge and ask each to
demonstrate how they will market your home to buyers. Compare, too, how much money each spends
on advertising the homes s/he lists, in what media
(newspaper, magazine, etc.) and the effectiveness of
one medium over the other. Remember, it’s not just
how much they spend, but how they spend it.
Say goodbye to any real estate agents using old,
traditional methods to sell your home because they
don’t work in today’s market!
To be competitive in today’s marketplace, agents who
use new and innovative, nontraditional marketing approaches are the ones who are getting more homes sold fast and for top dollar.
Hot Tip!
Every Seller Can Boost a
Property’s Exposure!
- Make your house easy to show.
- Consider installing a lock box.
- Allow showing times that are convenient to buyers.
2. Use a “For Sale” sign, where permitted.
3. Create a Good First Impression by:
- depersonalizing furnishings and
decor so prospects can visualize
themselves in your home; - emphasizing curb appeal;
- keeping large pets at a distance.
Remember — The next prospects who visit your home may be your buyers- be ready for them!
Hot Tip!
Get the Best Results!
To get the best results when selling your
home, you need to team up with your agent
to develop a powerful marketing plan that
exposes your property to the widest possible
pool of prospective buyers.
And Remember…
Not all agents are the same. The relationship
between you and your agent can make the
difference between selling your home fast, or
not selling it all.