Do you have a house listed on the MLS that’s just sitting there and you’re unable to sell it? When you sell your house through the traditional route, this can happen quite often. If you’re wondering why your home isn’t generating the interest you expected on the open market, keep reading. In this blog, we will help you understand the reasons your Greater Toronto Area house isn’t selling, and the steps you can take to help your situation.
There are many common mistakes we see with MLS listings. A major and all too common issue we see is bad photos. Ensure your house is presentable before taking pictures for your listing. At the very least, ensure your home is clean and tidy before taking photos for an MLS listing. People want to envision themselves living in a comfortable and clean home. If your photos depict your home in a negative light even superficially, it can affect potential buyers’ impression of the house.
Make sure the write-up and description of your home is accurate and free of errors. It should clearly and concisely describe your property. Make sure it’s attention-grabbing while being honest. You can avoid issues with bad real estate listings by selling your house directly to HomeSource Canada. Don’t worry about realtor commissions + HST and waiting months for your home to sell. We’ll buy your house directly for cash in a matter of days in as-is condition.
While many realtors are honest about the expected price for your house, many other agents will inflate the original asking price to convince you to sign a listing agreement with them. Ensure you do your due diligence and get a thorough appraisal of your home’s value. Look at what other homes in the area have sold for in the past. Factor in repair costs and be realistic with your pricing. When you list your home for too high a price, the property will sit there for ages. Eventually, you’ll have to lower the price. This will push your listing to the bottom of the pack making it stale. Homes that sit on the market for too long may cause suspicion in buyers as they’ll wonder if there are problems with the house. While your listing sits on the MLS, the costs of taxes, utilities and maintenance add up. By selling your home quickly, you will be able to keep a considerable amount of cash in your pocket.
Most buyers prefer turnkey homes to homes that need a lot of work. Moving to a new home is difficult enough as it is. Most people that move plan on living in the house immediately. In a situation like this, the last thing people want to deal with is a major renovation. One good option for sellers when their home needs work is to offer a credit for repairs. This is an attractive offer because potential buyers will have the freedom to customize things how they’d like. In order to avoid either paying for repairs out of your own pocket or offering buyers a repair credit, consider selling your home directly for cash.
While there are many excellent real estate agents out there, not all of them will live up to your expectations. Some realtors are inexperienced and give poor advice. Others may not have the know-how to effectively market your house. Others may be too busy to respond to potential buyers promptly. Many sellers find themselves paying commissions to a real estate agent, but end up having to do much of the work themselves. With a direct offer from HomeSource Canada, you don’t have to deal with contracts. We’ll make you a fair, all-cash offer and you decide if it’s right for you. No obligations, no pressure, no commissions and no hassle!
Get the process started by following the link below or give us a call today at (905) 521-8000 to speak with our specialists.