Home Hasn't Sold in 90 Days
Home Hasn't Sold in 90 Days?!
If your desire is to sell your house, the fact that you haven’t received any offers after
being on the market for 90 days may be concerning. It clearly shows that there is a
problem either with the house or the asking price. But, what are your options if your
house has not been sold in 90 days? Let’s find out.
Improve your marketing
Any new house that comes up on the market creates a buzz for the first few days. This
is the time when the owner can build up curiosity in the prospective buyer’s mind
through creative and innovative marketing methods. The fact that you’ve received
visitors but not offers clearly tells that you have failed to convey the right message
across the buyer’s mind. Here are some quick fixes:
· Post on Social Media that your home is for sale. The purpose is to get as many
people to view the property whether they are in the market to buy or not. If a friend
likes or shares your post, someone else in their circle will be able to see it.
· Change the Thumbnail on the MLS and on websites (Zillow, Redfin, Trulia, etc).
· Update the property description. Avoid the words “Rehab” and “Full renovation”.
Just mention that it was “freshly updated”. No one wants to live somewhere that
was trashed before.
· Call the people who saw your house and ask why they didn’t put an offer. This is
the best feedback possible. There is no better feedback than from people who
decided against your property.
Adjust your asking price
A crucial factor regarding unsold homes is the asking price. You’re emotionally attached
to your
on the owners emotions but by what the buyers need and want from them. You need to
set the right price in consultation with your agent in order to catch the buyer’s attention;
they can become interested when they think what they are buying has the right price.
· Higher asking prices will just help your neighbor get their home sold quicker.
Statistics show that properties listed 5-10% below market value sell the quickest
and get offers above their asking price 80% of the time. Placing a property “on
clearance” creates a bidding war that drives up the price.
Check the agent commission structure off
If you had very little showings, it could be that there is no incentive for the buyer’s agent.
How much is the buyer’s agent commission being offered in the MLS? Perhaps, there was
a mistake, or your agent is trying to keep all the commission. Sadly, not everyone in this
industry is ethical and buyer’s agents will avoid showing properties with lower commission
rates. Ask to view your MLS listing.
Is your home in a luxury subdivision?
Properties with a higher price point typically have a higher ADOM (average days on market).
Don’t get too worried. People usually take a long time to convince themselves to invest so
much money in a property. So, if you live in luxury subdivisions don’t worry too much. Worry
more about how many buyers have come to see the home.
Don’t let it affect you or your family life
Yes, you might be stressed but remember that this is only a material item. All houses eventually
sell, so there is no need in letting it get to you. Go do some exercise, or have a family picnic at
the park. Take a mental break and get out of the house. Take some time for yourself and remind
yourself what is really important in life.
Overview:
If you get no substantive offers in 90 days, you have a few options in front of you. Either start
making repairs in order to make your house seem more attractive for prospective buyers or set
the correct asking price. Maybe buyers liked the house, but they liked another house better
in your area. Many buyers are ready to compromise on their choice if they’re getting a house
for a lower price.
Get honest feedback from all visitors and try to find the common thread running in these
comments. If you can get to the bottom of the problem, you can fix it.
Don’t forget to take care of the most important part of this house sale: yourself.
Testimonials
"
f you are looking for a professional realtor who knows the area, is patient, caring and has your best interest in mind, Victoria is THE ONE. We were not sure which area we wanted to buy our house in, Victoria worked with us and our busy schedule very patiently and really cared about finding the best house for us, she is very honest and responsive. I definitely recommend her. Thank you Victoria, we love our new home.
Source: Realtor.com
"
- Z Mendez
"
Positive: Professionalism, Quality, Responsiveness
We had been working with a realtor to find our new home in the St. Petersburg area. We had planned a weekend visit from New York to Florida to look at houses but our realtor was going to be out of the country. Victoria jumped right in and helped out. She put together an itinerary of potential houses and helped us find the perfect house! She worked with us on the offer and later that day it was accepted. It was a whirlwind 24 hours but everything was perfect because Victoria was there to handle. I'd highly recommend her.
"
- Johanna
"
We would not have been able to find our home without Victoria. She is so flippin' patient and kind and understanding. We had a budget and we let her know what we were looking for and what we did not want. We looked at a lot of homes till we found "it". It was so comfortable to be open and honest with Victoria. She really goes above and beyond, and works hard, very hard. I'm so grateful. ♥ Victoria you are awesome, we are so thankful for everything you have done for us. ☺️ Seriously. And whenever a housing conversation comes up, I am already dropping your name. *HUGS* ?
Source: Realtor.com
"
- Jamie and Jason
"
Positive: Professionalism, Quality, Responsiveness, Value
Victoria is amazing, wonderful realtor!
She is very professional, always provided great advice and answered all the questions for us.
Her personality and skills made the selling transaction smooth and she helped me a lot to calm my stress ☺️.
I’m positive that anyone working with her is going to love her!!
Thank you so much for all the provided help, Victoria!!! ?
"
- Sandra
"
I have sold and purchased many homes over the years. I have found Victoria to be extremely responsive to any question or assistance I needed along the way. This was by far the smoothest experience I have ever had. I understand there are always potential bumps along the way but I experienced none of this with Victoria's help. Things were accomplished timely. She delivered on everything she said she would. And the best thing, we closed on the date we anticipated. Thanks for giving me the time to focus on my Dad and not have to worry about any of the details related to preparing the house for sale. She did a great job and I would highly recommend Victoria!
Source: Realtor.com
"
- Jo Ann
"
11 months ago
Positive: Professionalism, Responsiveness
Victoria was very helpful and easy to work with. She did a very good job in helping get the house ready for sale, which was needed as this was an out-of-state sale. We ended up selling the house for quite a bit more than the previous realtor recommended as well and all her recommendations all worked out well.
Google
"
- Edward
"
Victoria is EXCELLENT. We had out home listed with a previous agent and we did not receive 1 offer for 6 months. We hired Victoria and our house had an offer within 2 weeks and we accepted. I would Highly recommend victoria Legrow She was always available when he needed her and she is very professional. Thank you again for all your help .
Google
"
- Mike
"
Positive: Professionalism, Quality, Value
Victoria it’s a professional in every aspect of what she does, she doesn’t think about it as a job but as a way to help people to materialize their dreams and that’s why she stand up above the rest. She always have the perfect advise and she is in top of every single aspect of your transaction. I would recommend Victoria without hesitation!
"
- Hugo
"
Positive: Professionalism, Quality, Responsiveness, Value
Victoria is amazing, wonderful realtor!
She is very professional, always provided great advice and answered all the questions for us.
Her personality and skills made the selling transaction smooth and she helped me a lot to calm my stress ☺️.
I’m positive that anyone working with her is going to love her!!
Thank you so much for all the provided help, Victoria!!! ?
"
- Almo
"
Four years ago we bought our first Florida home with Victoria Legrow. We were very pleased with Victoria when we worked with her so we contacted her again to help us look for another home this year. Victoria was very patient with us as we looked at many different homes and she never pressured us into making an offer. She was very professional and researched every home we found to make sure it had no issues.
We would highly recommend Victoria Legrow as a real-estate agent as she is someone you can trust! We will definitely continue to work with Victoria in the future if the need arises to purchase another home!
Google
"
- Shanon
"
Positive: Professionalism, Responsiveness
Victoria has been extremely responsive as we’ve purchased a home in St Pete. Even though Victoria wasn’t our primary broker for the deal (was assisting someone out of town) she made us feel like her absolute number 1 priority. Her knowledge and expertise was critical as we found our home and worked through the offer process. I highly recommend Victoria to anyone looking to purchase a home.
Google
"
- Peter
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 22, 2022 3:08 AM UTC
