NEW YORK, Jan. 14, 2013 /PRNewswire-iReach/ -- It's a shrieking question you'll hear all over the country -- especially as houses spend more and more time on the market. If you're the one screaming, "Why won't anyone buy my house?!", you can at least take solace in the fact that you're in good company!Now, let's get an answer for you. In most cases, no one's interested in buying your home for one of these 5 reasons:
1.It doesn't stand out
Home buying has slowed to a near-standstill in some areas, so if you want to grab the attention of the few homebuyers who are actually looking in your neck of the woods, you'll need a home that stands out. How do you do that? It may take some new landscaping, a fresh coat of paint, or just some good ol' fashioned de-cluttering that shows off your bigger-than-average master bedroom. Remember, the key is to do everything you can to make sure people get the best impression from the moment they pull up to the moment they walk out.
Realtypin.com's real estate outlook: Will Home Prices Go Up in 2013?
2.Your listing is all wrong
Your Realtypin.com real estate listing is an advertisement for your home. If you don't talk up the right perks (and ignore the less-than-great stuff), people aren't going to respond well to it. Even if the writing is OK, your pictures might be the problem. If you don't have enough pictures in your listing, potential buyers may shy away -- simply because they want to have a good idea of exactly what you have to offer before they hop in the car and spend time checking out the house in person. If your listing has a ton of pictures, make sure they showcase the most flattering aspects of your home. For example, don't post a picture of that narrow hallway. Instead, post a picture of t hat great winding staircase.
Realtypin.com renovation trends: How to Create a Net-Zero Home
3.You've got the wrong asking price
Face it -- houses aren't selling at the same high prices they did before the bubble burst. Over the past five years, property values have plummeted. In fact, 25% of American homeowners are underwater -- meaning that their mortgages are actually worth more than their houses! If you set an asking price that's too high, your house is going to just sit on the market. And sadly, the longer it sits on the market, the lower your odds of getting anything remotely-close to your asking price.
Realtypin.com's outlook on rentals: Why Do Renters Want to Buy NOW?
4.Your home looks too much like you
If you want someone to buy your house, they have to be able to picture themselves living there. So, if you've got a bright purple kitchen, a massive collage of family photos in the living room, or wallpaper that your grandmother picked out, potential buyers will feel like they're tip-toeing around in your house -- instead of envisioning the house as their own. If you've got really unique tastes, tone them down a bit before you put your house on the market. For example, cover up that purple paint with something that's a little more neutral.
Realtypin.com is Grading the 2012 Housing Market
5.There are too many foreclosures in the area
Unfortunately, there's not a whole lot you can do about this problem. And, no matter where you are, foreclosures can be a problem. Did you know that as of August 2012, 25% of the houses sold were bank-owned properties? Since all of those foreclosures are for sale at dramatically-reduced rates, they're automatically going to attract more attention that your home does. Making things worse, there could be a flood of foreclosure listings in the not-so-distant future. It's estimated that 90% of all bank-owned properties aren't even on the market yet. Imagine what will happen when they're all listed!
Media Contact: James Paffrath RealtyPin.com, 1-(866) 960-8649, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com