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Why Your House Didn't Sell?

By: Bruce Swedal

You put your Denver home on the market and it just didn't sell. This created a lot of stress for you and your family. Perhaps you needed to sell due to a job change, maybe you already bought another home.

What you need to do now is assess for yourself what factors caused your home to not sell. Some of the top reasons that homes stay on the market for extended times are:

Overpricing the property is the number one reason a home does not sell. A typical neighborhood usually has homes with similar features. Such as, number of bedrooms, bathrooms or lot size. Home buyers will naturally purchase the lower priced homes first. Leaving those similar yet higher priced homes to languish on the market. Your home should be competitively priced with those other homes. That means at or slightly below the comparables. Your Denver real estate agent can go over these comparable prices with you to help you establish the best price to sell your house.

Another problem is price reductions. Once home sellers realize they have priced their home higher than the competition, they will take a price reduction. That price reduction will usually place the home at or near the price where it should have been priced in the first place. Now the problem is that you missed many of the home buyers that already purchased homes priced where yours should have been initially. To get over that your home now needs to be priced very competitively. If your home is still priced higher than any of the comparables, your home will continue to sit on the market.

Did the condition of your property keep it from selling? The house should be cleaned spotless. Most buyers will not see through cosmetic shortcomings. All cosmetic items such as paint, landscaping, window coverings and flooring should be in very good condition. Making these cosmetic improvements costs little to do, but may cost you big if you don't. If the carpet is worn, the house has a strong odor or is cluttered the buyer will move on to the next house.

Did you hire the right Colorado Realtor to market your home? A real estate agent who has a strong network and access to qualified home buyers? Did he or she use aggressive marketing on one of Colorado's most heavily trafficked websites such as HomeDealsColorado.com? Over 80% of buyers today use the internet in their Denver home search.

Article Source: Main Articles

Bruce Swedal and the rest of the Home Selling Team provide the Denver Colorado Real Estate Market with Experienced and Professional Real Estate Services. Serving both Home Buyers and Home Sellers, we are opening the doors of Denver Real Estate to you.

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