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The Brutal Truth: Why Your House Didn’t Sell and What You Can Do About It

Selling a home can be an emotional and stressful process, especially when it doesn’t go as planned. You've cleaned, staged, and hosted countless open houses, but the offers just aren’t coming in. If you find yourself in this situation, you're likely wondering why your house didn’t sell and what can be done to turn things around. Here’s the brutal truth—and more importantly, actionable steps you can take to get your home sold.

1. It’s Overpriced

Price is the number one reason homes fail to sell. As homeowners, we often attach sentimental value to our property, but buyers are only interested in the market value. Overpricing can scare away potential buyers before they even step foot inside. In today's digital age, buyers are savvy—they know what similar homes are selling for, and if your price doesn’t align, they’ll move on quickly.

What You Can Do: Reevaluate your pricing strategy. Ask your realtor to provide a comparative market analysis (CMA) to get a realistic sense of what homes in your area are selling for. If your home has been sitting on the market, consider a price reduction to spark fresh interest.

2. Poor Presentation

First impressions matter, and if your home doesn’t make a great one, it could be the reason buyers are passing it by. This could mean outdated decor, clutter, or even a lack of proper staging. Buyers need to envision themselves living in the space, and a messy, uninviting home can make that difficult.

What You Can Do: Invest time and effort into staging your home. Declutter, depersonalize, and consider adding some neutral decor to appeal to a wide range of buyers. Professional photography is also key—make sure your listing photos are bright, inviting, and show your home in the best possible light.

3. Lack of Curb Appeal

Buyers often decide if they're interested in a home within the first few seconds of seeing it, and that starts with the exterior. If your house lacks curb appeal—overgrown landscaping, peeling paint, or an unkempt yard—it can turn buyers off before they even step inside.

What You Can Do: Boost your home’s curb appeal with simple fixes like trimming hedges, mowing the lawn, and adding fresh flowers or plants. If your home’s exterior needs more attention, consider repainting the front door, repairing any cracks in the driveway, or updating outdoor lighting.

4. You’re Not Marketing It Effectively

Even the best homes need great marketing to get noticed. If your home isn’t reaching the right audience, it could be the reason it’s still sitting on the market. Poor listing descriptions, lackluster photos, and limited online visibility are all common mistakes.

What You Can Do: Work with your realtor to develop a strong marketing plan. This should include professional photography, compelling descriptions, and wide-reaching online exposure. Make sure your listing is on all major real estate platforms and consider boosting visibility with virtual tours, video walk-throughs, and social media ads.

5. Your Timing Is Off

Sometimes, it’s not your home but the market that’s the issue. If you’re trying to sell during a slow season or when interest rates are high, buyer demand may be lower than usual.

What You Can Do: If possible, try to time your listing for when the market is more active. Spring and early summer tend to be hot selling seasons, as buyers want to get settled before the new school year. If you’re selling in a slower market, work with your realtor to adjust your strategy—whether that’s pricing more competitively or offering incentives like covering closing costs.

6. It Has Major Issues

If your home has structural problems, outdated systems, or major repairs that need addressing, this can be a huge deterrent for buyers. Things like a leaking roof, faulty plumbing, or outdated electrical systems can make buyers see your home as too much of a project.

What You Can Do: Be proactive and address any major issues before listing your home. If you can’t afford to make the repairs, be upfront with buyers about the home’s condition and adjust the price accordingly. You may also want to offer a home warranty to give buyers peace of mind.

7. It’s Too Personalized

While your home’s unique character may be what you love most about it, it can be a drawback for potential buyers. Bold colors, eccentric decor, and custom features that cater to a specific taste can make it hard for buyers to see themselves in the space.

What You Can Do: Tone down any overly personalized elements of your home. Repaint bold walls with neutral colors, remove any quirky decor, and create a more universal appeal. Buyers need to feel like the home is a blank canvas for their own life.

Turning Things Around

If your home has been sitting on the market without any serious offers, don’t despair—there are plenty of steps you can take to course-correct. Be open to feedback from potential buyers and your realtor, and be willing to make adjustments. Whether that means dropping the price, sprucing up the presentation, or improving your marketing strategy, you can take control of the situation and get your home sold.

By understanding the reasons your house didn’t sell and taking proactive steps to address them, you’ll be back on track to closing that deal in no time!

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Questions About Selling Your Home?

If you have a home to sell, you’re probably excited to get the process started. There are many things you need to consider when selling your property, and it’s hard not to feel overwhelmed by the task. The good news is we’ve done extensive research about what you need to know about selling your home – and we’ve answered the questions you’re probably wondering:  


How will you determine my home’s value?  

To determine your home’s value and set a listing price, I will complete a Comparative Market Analysis. The CMA uses recent sales of homes close in geography, age, size, and features to yours. (A CMA is not the same as an appraisal, which a licensed appraiser can perform.)  


Is it a good idea to start high?  

Many sellers like the idea of “starting high” to see if they get higher offers, but this strategy isn’t usually practical. First, buyers may not see your listing if they use a price filter set to what they expect prices in the area to run. Second, you run the risk of the appraisal coming in lower than your contract price, which will require your contract to be renegotiated or canceled. Third, if your listing price puts your home higher than your neighborhood value, your home will likely sit on the market longer as buyers wait for you to make a reduction. It’s best to set a realistic listing price that will bring you buyers quickly. My goal is always to get you the highest possible price in the shortest amount of time.  


What percentage of the listing price can I expect to get?  

The list-to-sell ratio is determined by dividing the selling price by the listing price. The ratio is largely market-driven. In a sellers’ market, which is when inventory is low, sellers may get close to 100% or over 100% if the home sells above list price. In a market with a large inventory of homes, a buyers’ market, buyers have more negotiating power, so the list-to-sell ratio may be closer to 90%. My goal is to get you as close to a 100% list-to-sell ratio as the market will bear.  


How soon can I get my home on MLS?  

Once we agree to work together, I will begin gathering information on your home and preparing your MLS listing contract. I will also schedule a time for a professional photographer to take photos of the property. As soon as all the information and pictures your listing can go live on MLS.  


What do I need to do to get ready to list?  

For your part, it’s a good idea to begin cleaning out or organizing storage spaces, closets, and drawers and putting away some of your décor or belongings. You may also want to have the exterior pressure washed, and the landscaping cleaned up. We can talk further about specific things that will help your home show better.  


How will showings be conducted?  

You and I will agree on the terms you are comfortable with for showings. We want to make the home accessible to buyers without too much disruption to your personal life. We can use a showing schedule, and unless we agree otherwise, I will notify you in advance of showing requests. We use electronic lockboxes that only active members of our local Realtors association can access. We can set the lockbox on a schedule, if necessary. Any time the lockbox is accessed, I receive a notification.  


How will you market my property?  

Marketing your listing is of utmost importance. Most buyers find their properties online through MLS (via their agent,) Realtor.ca or other search engines. Listings in our MLS system automatically show up on these sites within a day or two of becoming active. In addition, I share my listings with the agents in my network, on my website, and on my social media. We can discuss additional opportunities such as hosting open houses,online advertising, and marketing within your neighborhood.  


How long will it take to find a buyer?  

Several factors influence the time it takes to find a buyer. These include the market conditions, price range (higher-priced or luxury homes typically take longer to sell,) location (whether your home is in a desirable neighborhood or a unique location,) and the condition of the home (is move-in ready or in need of renovations?) In a balanced market, most houses, when priced accurately and without significant damage or extenuating circumstances, go under contract within thirty days. Homes sell faster in a seller’s market, while buyers take more time to look when inventory is high.  


Will you qualify the buyer?  

When an offer is received, I will work with the buyer’s agent to vet the buyer. All offers should be accompanied by either a pre-approval from a mortgage lender or, if paying cash, by verification of funds available to cover the purchase price. Once you accept an offer, the buyer must put down the agreed upon deposit, schedule any inspections as stipulated in the contract, and, if financing is involved, their lender will initiate the loan approval process. I will stay in close contact with the buyer’s agent to make sure due process is followed.  


What are the costs involved?  

The seller usually pays for the real estate agent fees, which are divided between the buyer’s agent and the seller’s agent. The seller also pays their share of the property taxes. If the full annual amount has been paid, the buyer will repay their portion back to the seller at closing.


Will you also represent the buyer?  

In our market, there is a ban on dual agency. A real estate agent cannot be in an agency relationship with both the buyer and the seller in a transaction.


Can I cancel if I find my own buyer?  

The listing agreement is a contract between you and me and/or my brokerage. It stipulates the terms for cancellation, which you are encouraged to review. Once we have signed the listing agreement, a prospective buyer that approaches you directly should be redirected to me.  


How often will we communicate?  

Communication is key to an easy and successful sale. I will keep you appraised of events every step of the way. You are welcome to reach out to me with questions or concerns. When we go over the listing information, we will discuss our preferred means of communication and schedules to make sure we know each other’s availability and boundaries.


Thinking of selling? I'm here to help! Shoot me a message or give me a call today.

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February 2021 Market Update

Buyer demand continues to outweigh supply in the VIREB market and competition for those few precious listings is fierce. Buyers continue to be frustrated with thier home search as inventory numbers reached an all-time low. The BCREA does not see the inventory situation improving until more supply comes on the market later this year. The BCREA and local real estate boards are advocating with policy makers to encourage streamlining the development process so that municipalities can expand supply more quickly to meet the growing demand. 


It is an exciting time to sell your home as the robust market is impacting prices. Single family homes as a 15% increase over February 2020. Last month, we saw a 56% increase in the sales of single family homes since the same period last year with 417 units sold. 


More than ever, it's important for buyers and sellers alike to work with a realtor to help them navigate the ever-changing envorinment. 

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