Why Didn’t My House Sell?

Factors like Price, Condition, and Marketing Matter!

Homes sell quickly when Market Conditions are good, when the home is priced fairly, and is marketed aggressively by an experienced agent. If your home was listed and did not sell, take the quiz below to find out why. If you have not put your home on the market yet, use this quiz to give yourself every advantage in order to get a fast sale and a fair price. Contact Morgin Realty to help get your home sold quickly!

Getting The Price Right

A home should be priced…

Higher than comparable home sales in the area
Lower than comparable home sales in the area
In line with comparable home sales in the area
I have no idea

To set the right price on a home, combine an objective evaluation of your property with a realistic assessment of market conditions. Asking too much for your home will discourage buyers and discourage local agents from showing it. Price the home too low and you could deprive yourself money that is rightfully yours. A good rule of thumb is to price your home 5% to 10% above actual market value to give you and the buyer room to negotiate. However, even this rule has exceptions based on the home’s condition and the way the home will be marketed to buyers.

Getting Ready To Sell

A home’s condition should get high marks for…

Curb appeal
Interior charm
Landscaping
All of the above

Problems with curb appeal, interior charm and landscaping make a home harder to sell for top dollar. Buyers will expect a substantial discount for a home that has need of repairs and decorating niceties. As experienced agents we can help you come to the right decision regarding the staging of your home.

Getting Sold Quickly

The best ways to market a home include…

MLS Inclusion
Internet exposure
Local advertising and holding open house
All of the above

While some marketing strategies are statistically more effective than others when it comes to finding the right buyer for your home there are certain marketing activities that must be considered.

If Your Home Did Not Sell

Why do you think your home did not sell?

Incorrect Pricing
Home’s Condition
Inadequate Marketing
All of the above

When all is said and done, real estate sales are based on what a qualified buyer is willing to pay and what a motivated seller is willing to sell for. Price is important. The home’s condition is also important and related to price as repairs and deferred maintenance are issues for buyers. The aggressiveness with which a home is marketed is also very important.