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West Chester & Liberty Township OH Real Estate: The Top Reasons Your Home Didn’t Sell

December 29, 2010 by Eric Lowry Leave a Comment

So your home was listed for sale and didn’t sell.  No doubt you have tried to figure out why.  Here are the top reasons that your home didn’t sell when you had it on the market listed for sale:

Reason #1:  Your home is not staged! 

As I have discussed in previous articles, preparing your home for sale is critical.  In today’s real estate market hiring a professional stager is the surest step to success you can take.  We have come to believe that staging a home for sale is so important that when you list your home for sale with the Lowry Team by January 31st, 2011 we’ll include a staging consultation at no additional cost to you.

Reason #2:  Your home is not updated!

What does your home is not updated mean exactly?  While this can be a little subjective, it means your home is freshly painted in modern, neutral colors, you have clean, newer, neutral carpet, stainless steel appliances, newer light fixtures and newer bath fixtures to start.

Reason #3:  Your home is difficult to show!

What is difficult to show?  If an agent is showing homes in West Chester, Liberty Township, Beckett Ridge and they call to set an appointment on your home, is the process quick and easy? Or is the agent told that they can only show your home on weekends or only after 5:00pm during the week.  Can your home only be shown when you have time to run home and get the pets out of the house or clean the litter box?  The only acceptable showing instructions that you should have, are that your home can be shown with very short notice, any time or day of the week.  You cannot afford to miss a single showing.  And by the way, please don’t suggest the agent come on a different day because it would be better for you.  They aren’t coming back.

Reason #4:  You have the wrong real estate agent!

Picking the right real estate agent is critical to your success in selling your home.  You are relying on your agent to provide the very best pricing strategies.  You are depending on your real estate agent to have the very best, cutting edge marketing plan.  You are depending on your real estate agent to be sure that you have the very best photos of your home taken, to interpret the feedback from showings and to be available when it matters most.  You are depending on your real estate agent to be able to negotiate the very best possible terms in the offer to purchase for you.  Be sure that you have the right West Chester & Liberty Township real estate agent representing you in the sale of your home!

Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

 

Filed Under: Eric Lowry's Articles, Preparing Your Home For Sale, Real Estate Information, Real Estate News, Sellers Tagged With: Beckett Ridge Real Estate, Beckett Ridge Realtor, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Home Values, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Ohio, preparing your home for sale, Preparing Your Home For The Market, Pricing your home for sale, Selling A Home, Selling A Luxury Home, Staging a home for sale, Top Real Estate Agent, Top Selling Realtor, VIPHomeFinder.com, West Chester Homes For Sale, West Chester Real Estate, Why Your Home Didn't Sell

Why You Must Sell Your Home Now!

December 17, 2010 by Eric Lowry Leave a Comment

Some West Chester & Liberty Township Ohio homeowners are waiting until after the holidays to put their home on the market for sale.  Some are waiting for the “spring real estate market” to list their home for sale.  My advice… if you want to or need to sell your home, sell it now.

Why?  If you are looking to sell within the next two years, the highest sales price you will be able to attain for your home is it’s current value.

This is not just my speculation or guesswork.  In November, Fannie Mae forecasted median home sales prices for the next eight quarters.  Their projections call for prices to fall and to not again reach today’s values until the 3rd quarter of 2012.

Home prices will not begin to rise again until…. (1) we have a more stable economic climate with higher consumer confidence  (2) unemployment begins to come down significantly (3) the inventory of homes listed for sale in West Chester & Liberty Township is reduced.

Just waiting for the spring months to get here before putting your home on the market can cost you real dollars.  Yes, it’s true that there are more buyers out looking at homes in the spring.  There are also a lot more homes on the market for sale then, meaning much more competition and thus a great deal more pricing pressure.  Waiting to list your home for sale will almost undoubtably mean you will be listing your home at a lower price and will be selling for less.  

But isn’t this just the seasonality of the market you ask?  Take a look at the graph below and you will see a comparison of the last three year’s home sales for West Chester & Liberty Township Ohio.  And while you can clearly see the seasonal peaks and valleys, the real issue here is that moving forward there appears to be no driving force to increase sales (demand) very much.  The other concerning note here is that we are currently operating at sales levels that are lower than sales were during the financial crisis of 2008.

So as we move into 2011 and the time of the year when inventory of homes for sale begins to grow, my advice?  Don’t Wait!   Get your home on the market and price it to sell today for today’s market.  Sell before the flood of additional homes come on the market.

And please don’t misunderstand me here, I am not trying to portray all gloom and doom and be overly negative, but I do think it is only responsible to state the facts and try to draw some reasonable conclusions.  There is reason to act with a sense of urgency here. 

Oh yeah… one other reason to not wait.  If you are also going to be buying a home, in addition to selling your current home you need to know that interest rates are going up and going up fast.  Keep waiting and they will be even higher.

Wondering what your home is worth in today’s real estate market? Request a market value analysis here!

Filed Under: Eric Lowry's Articles, Financing, Market Update, Real Estate Information, Real Estate Market Reports, Real Estate Market Statistics, Real Estate News, Sellers Tagged With: Beckett Ridge, Cincinnati, Eric Lowry, Home Sales, Home Values, Housing Market, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Market Value Of My Home, Ohio, preparing your home for sale, Preparing Your Home For The Market, Pricing your home for sale, Real Estate Market Statistics, Search Homes For Sale, Search The MLS, VIPHomeFinder.com, West Chester Ohio Realtor, West Chester Real Estate

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