It doesn’t take much to ruin a buyer’s impression of a home.
Take an otherwise appealing house and add peeling paint, a leaky faucet, and dirty dishes in the sink, and suddenly the buyer crosses that property off his list. Just as minor imperfections can turn off a buyer, a few small actions by you can make your home seem even more appealing.
Fix conspicuous problems
If you can’t afford to remedy all the problems with the house, at least fix obvious ones. A buyer will notice the rotten porch railing or cracked window pane on a casual walk-through.
Show the owner’s manuals
Sure, everything’s available online, but you still need to know the model number of your oven, dishwasher, and microwave when something breaks. Showing buyers that you’ve kept that information suggests that you’ve taken care of other things related to the house.
Make an effort outside
Short grass makes bare patches less obvious, and a few bags of mulch around trees and in flower beds can work magic on an otherwise lackluster yard. Add in a planter of colorful flowers by the front door, and you’ve added significantly to your curb appeal.
A little effort goes a long way with buyers, so ensure your home makes a great first impression.
When you list your home you hope for a quick, successful sale. For many real estate markets throughout the U.S., newly listed homes can be snatched up in the blink of an eye (for some cities, properties can sell within a day or less). While we all would love a quick sale when we list, the reality for some sellers is that their homes may sit on the market much longer than others. If you’ve listed your home and it’s not seeing any interest or offers, read on to find out some of the reasons a home doesn’t sell.
Pricing your home can be difficult. While we would all love to get as much as we possibly can, one of the main reasons why a home doesn’t sell is because the price is too high. Your agent is able to help and guide you on an appropriate price based on the local comps, the condition of your home, and any recently sold homes in the neighborhood. But if you are set on getting a certain price, and no one is interested in your home at that price, it’s best to reevaluate what you’re asking for. Cutting the sale price can attract a huge amount of buyers that may have been previously disinterested.
Your House Lacks 'Charm'
When it comes to selling, you’ve got to make sure your home or property has a certain allure to it, especially if it’s been sitting on the market for over a month. While you don’t need to resort to remodeling or tearing down walls, make sure it’s clean, there’s no clutter, and if you can make small cosmetic improvements to those areas that might not be at their best. For the vast majority of those looking to buy, an ugly home will not entice potential buyers through your front door. Your agent will gladly provide some suggestions on what you can do to add a little ‘oomph’ to your home, especially if there’s no current interest in it.
Poor Listing Pictures
With a large number of buyers beginning their home search online, it’s imperative to you as a seller to have quality listing photos of your property. Whether you like it or not, many potential buyers will judge your home off the listing photos alone, so you’ve got to make sure what you put on the Internet shows your house in its best possible light. Don’t take pictures on your phone; make sure professional photographer who specializes in buildings takes your listing photos.
Your photos are a huge part of the selling process and shouldn’t be disregarded. You also want to make sure you have a good amount of pictures, especially of the most important rooms in the house as well as any items that could act as a highlight for the home. Pictures are a huge asset when it comes to selling, so make sure your pictures are exceptional.
Showings Are Too Difficult
A lot goes into selling a home, especially on the part of the seller: prepping for the sale, keeping the home clean, accommodating open houses and showings, and a slew of other tasks and duties that take time and are not generally easy. When it comes to selling, the name of the game is flexibility. If you’re unwilling to accommodate showings throughout the day (specifically in the evenings and on the weekends), it’s going to be very difficult for buyers to see what you have to offer. Buyers want to see a home when they’re truly interested in it - if you prevent them from having a personal peek at your property, you could possibly be turning away someone that wants to buy your house. Be flexible and don’t make it extremely difficult for a potential buyer to check out your home.
You’re Too Emotional
If you have a large emotional attachment to your home, it can be hard to remember that you’re selling ‘a house’ and not ‘your home.’ Emotions play a big part in homes and families, and when the family home is on the market, it can cause some emotional issues. When these come into play, it can be hard to accept offers that might not seem ‘good enough’ or don’t match the personal value you’ve attached to the property.
When you sell your home, you’ve got to remove the emotional attachment. You may feel inclined to keep all your personal items out and on display, because they’re part of you and your family, but too much personal clutter can deter even the most ardent buyer, and it doesn’t help you separate the ‘home’ from the ‘house.’ Remove pictures, trinkets, knick-knacks, and other personal items that are hindering you from accepting an offer, and maybe hinder a buyer from seeing the house as their home.
If your home has been on the market for a while and hasn’t garnered a lot of interest, it may be time to reevaluate your current strategy. If you know you’ve fallen victim to one of the items listed above, take some time with your agent and determine what the best course of action is. There are buyers out there that want to buy your home, you just need to find the best approach to getting them through your door. Good luck.
The Dallas-Fort Worth region, once again, added the most new residents of any metro area in the country -- roughly 400 per day, or a total of 146,238, over the year that ended in July, census data released Thursday shows. That kept D-FW firmly in its spot as the nation’s fourth-largest metro, though the region is catching up to Chicago, whose population has been sliding as economic factors tip the scales in favor of Texas, experts say. The thousands of people moving in both from other states and abroad have powered a population boom in Texas and especially in D-FW, where leaders have made a point of pitching its relatively low costs of living and business-friendly regulatory environment to companies located elsewhere. On the list of the counties that saw the biggest gains over the year, six out of 10 were in Texas, including Denton and Collin counties, which were ninth and 10th, respectively.
“When [Collin and Denton] were smaller, they were up in the top 10 in terms of the rate of growth, and now they’re cracking the top 10 in terms of numeric growth because the foundation is there,” he said. “The economic development that’s going on up there is drawing migrants into those counties.”
That, he said, is where the Chicago area seems to be struggling. As of January, Chicago’s annual job growth had been the slowest of any of the nation’s 12 biggest metro areas. In that same report, D-FW ranked second, behind Phoenix, which also added thousands of residents last year. Meanwhile, the Chicago metro lost more than 13,000 residents. Cook County, which is home to Chicago, lost the most people of any county in the country. Potter said he couldn’t pinpoint an exact time when D-FW will surpass Chicago, it’s possible that it could happen in coming decades. “It depends on what happens in Chicago -- if they continue to lose population and if D-FW continues the pace that it is,” he said. “We could see it in the next decade or the one after.”
According to projections from Potter’s office based on growth trends from 2000 to 2010, D-FW’s population is expected to grow to almost 10 million by 2030. And experts don’t expect that to slow anytime soon. Still, Potter said that as living costs rise in D-FW and decline in Chicago with shifting demand, some of the differences between the two metros could even out.
Dallas-Fort Worth is one of the top cities in the country for home flips in first quarter of 2018. D-FW ranked ninth among the metro areas with the most home purchases and quick resales in the three-month period, according to a new report by Attom Data Solutions. More than 1,200 home flips were counted in the D-FW area — almost 8 percent of the total home purchases. Local flips were up 2 percent from first quarter 2017. Nationwide home flips were basically unchanged from a year earlier and accounted for just under 7 percent of total U.S. home purchases. Still, more than 48,000 homes around the country were flipped in the first quarter, according to Attom Data. "The 2018 housing market is a double-edged sword for home flippers," Daren Blomquist, senior vice president at Attom Data Solutions, said in a statement. "Rapidly rising home prices boosted by low available inventory of homes for sale or for rent are padding profits at the back end when flippers sell, but those same market realities are eroding flipping returns at the front end by forcing flippers to pay more to acquire homes to flip." In the D-FW area, the average flipper profited by $44,811 when a house resold. The median price of local flip homes was $244,811.
While North Texas home price gains are slowing, the Dallas-Fort Worth area is still on a watch list of U.S. markets where residential values are overheated. Las Vegas, Portland, D-FW, Seattle and Phoenix were all on Fitch Ratings' latest list of home markets that are most overvalued. Las Vegas is the most overheated market, with home values 20 percent to 24 percent over what the analysts consider sustainable, the Wall Street ratings firm said in its new report. In the D-FW area, home values are 10 percent to 14 percent overvalued by Fitch Ratings' estimates. That's about the same rate of excess pricing the analysts cited a year ago. Nationwide, home prices rose by 7 percent annually in the first quarter, Fitch Ratings said. "Home-price growth in most regions remains largely in line with long-term sustainable levels," Fitch's report said. "However, some pockets appear to be overheating. "Several major cities in Texas also appear to be currently 10 percent to 14 percent overvalued," Fitch said. "The home price growth rate in these areas is two times to three times faster than the growth rates of their fundamental factors such as rents or income last quarter. In its rating analysis of residential mortgage pools, Fitch adjusts the home values in these areas to reflect the increased risk of a correction in the future." North Texas home prices rose by about 4 percent in the first five months of 2018 compared to the same period last year.