20 Oct Here’s Why Your House Isn’t Selling in Phoenix And What You Can Do About It
You’ve decided to sell your house so you put in some work to get it ready, listed with an agent, had plenty of showings, and your house isn’t selling. In an ideal world, you follow the formula – put your house on the market, have an open house, schedule several showings – and your house sells quickly. But although this might be the expectation many sellers have, things don’t always work out like that.
According to Realtor.com, homes in Maricopa County spend an average of 30 days on the market in the summer of 2021, which is significantly less than the national average of 58 days. Some homes spend far longer on the market, and if this is the case for your home, you’re probably wondering why it isn’t selling and what you can do about it. Here’s a look at some of the common reasons homes don’t sell right away.
It’s Not the Right Time
The real estate market varies drastically depending on the time of year, interest rates, and your specific area. The time of year you list your home plays heavily into how fast a home might sell, and so does the type of market you’re selling in: a buyer’s market or a seller’s market.
Springtime is without a doubt the best time to sell a house. Houses listed in March and April typically sell much faster than homes that come up later in the spring and into the summer. The market cools off significantly in the fall and throughout winter, so if you’re listing at an off-peak time you should expect your house to take longer to sell.
In addition to the time of year you list, you should also pay attention to whether it’s a buyer’s market (lots of homes for sale with not a lot of buyers) or a seller’s market (few homes for sale with many buyers). Listing during a buyer’s market could be the reason your house isn’t selling.
Your House Isn’t Attracting Buyers
There can be lots of reasons your home isn’t attracting buyers, but here are some of the most common:
- Your listing needs work. High-quality listing photos are a must for attracting online shoppers. If your listing doesn’t catch their eye quickly, they’ll scroll right past your home without giving it a second thought.
- Your house lacks curb appeal. You don’t have to spend lots of money to gain some curb appeal. Just clean up the exterior, pull the weeds, pressure wash the outside of your house, and add a nice wreath to your front door.
- Your home needs repairs. Not many buyers are interested in a project, so do the repairs for them. Clean things up and fix anything that’s broken.
Max Cash Offers Can Help
It can be a frustrating experience when your house isn’t selling, and Max Cash Offers is here to help. We’ll buy your home in Phoenix, Arizona, or the surrounding area, for cash. No waiting months for an offer. No endless showings and open houses. No realtor commissions or fees. Just a fair and straightforward offer on your home, no matter what condition it’s in. You choose the closing date and we’ll pay all the costs. Get a Max Cash Offer on your home today!