Updated: Mar 29, 2020
It's the situation no homeowner wants to find themselves in:
The dreaded house listing that isn't receiving any offers.
Have you recently listed your house, but haven't received any offers? Don't worry, although this is extremely frustrating, you're not alone.
In this article, we're going to explore some of the common reasons why you may not be receiving any offers on your property.
You Are Priced Too High
Pricing your house too high is your most likely culprit. Every property will sell at the right price, even if it needs to be torn down.
The most common reason we see homeowners list their house too high is that they feel it's worth more than it truly is.
Most of us put a higher value on something because of the sentimental value it has to us, and this, of course, is understandable.
However, when it comes to selling your house, it's essential to understand that market value and trends are what will set the price, not sentimental value.
Even though it may be tough, you have to make sure you price your home based on current market conditions, and not emotion.
Check comps in your local area to see what homes similar to yours are selling for. Then make sure you adjust your listing price accordingly.
You're In A Slow Market
Even when you price your property correctly, you might find yourself in a cold real estate market.
In a slow market, you can do everything right:
Price it correctly
Stage it beautifully
Have all the latest amenities
And it could still take you a while to get a good offer for your house since the velocity of home sales is low.
If you currently find yourself in a buyers market, be sure to read our article on how to get full price for your home even if you're in a buyer's market.