Have you tried listing your house with no luck? It happens to people all the time. Learn why your house isn’t selling in Baltimore in our latest post!
There are many things that can cause a house to go unsold on the MLS. Whether the house is old and ugly or shiny and new, dealing with any of the situations listed below can cause your house to not sell. What people should know is that not every house is going to do well on the MLS. Some simply don’t photograph well, some will be faced with too much competition in the market, and others won’t be priced according to the current market conditions. Keep reading to learn more about things that may be causing your house to not sell in Baltimore and what you can do about it.
1. It’s Priced Wrong
In some cases, agents can lure you in by recommending a higher listing price, only to leave you hanging with the house, and back to square one, months down the road. Often times you will find yourself having to lower the price in order to get more people in the door. When people see that you are cutting the price, they may assume something is wrong with the house, forcing you to take the house off the market while you revaluate your strategy. If you decide to list your house with a Baltimore real estate agent, do your homework to ensure that the price you are asking for is in the same ballpark with other similar houses in the area.
2. Flooded Market
Are there a lot of houses similar to yours on the market? When there are lots of similar homes sitting on the market, it can be difficult to get a buyer’s attention. You may have to pay for additional marketing in order to have your property featured and shown in its best light. In some cases, you may want to make an improvement or add a new feature to the house to make it stand out. If you are not willing to invest the cash to improve your property, you may be waiting around for a buyer for longer than you’d like to.
3. The House Needs Work
Not everyone is in the market for a fixer-upper. A house that needs work isn’t going to get the same level of attention that a turn-key property will. If you want to sell a property that needs repairs or upgrades, a direct sale will likely be the better way for you to sell. You’ll be able to avoid the repair costs and you will be able to get your property in front of more people who will have an interest in it.
4. House is Tenant Occupied
Trying to sell a Baltimore house when you have tenants can feel nearly impossible. Unless your tenants are planning on moving anyhow, they may not be too happy with the prospect of having to pick up and move. As such, requesting the house to be kept clean and that property viewings be accommodated, may prove difficult to do.
5. Bad Neighbors or Neighborhood
Bad neighbors can be a huge hindrance when listing your house with a Baltimore real estate agent. If someone wants to come to see your property, but they’re greeted by a messy yard next door, loud music, or rude people, they are much less likely to consider your house as an option. Take a look at the properties around your house. If you were looking for a new home, what would your first impression of the area be?
6. The Listing is Stagnant
When a house sits on the MLS for a while, it begins to lose its appeal. As it moves lower and lower down the list of homes for sale, fewer people are going to see it. Even people who have noticed it for a while will begin to lose interest after seeing it sitting there for so long. If your house has been sitting on the MLS for a long time, and your Baltimore property listing is about to expire, you may want to consider working with a professional home buyer such as Maryland Home Buyers who will be able to provide you with a fair selling solution right away.
There are many reasons why your house in Baltimore isn’t selling. The fact is, not every house is cut out for the MLS. Listing a house in Baltimore comes with no guarantees, so once your property is up on the MLS, it may be there for a while. You may even have to lower the price in order to attract more buyers. Some properties don’t photograph well, while others blend into the pack. No matter what is stopping your house from selling, we can offer a solution.
With a direct sale to Maryland Home Buyers, you can receive a fair price and a fast closing. You won’t have to worry about making any more repairs or deal with people walking through your house. With us, the process is fast, fair, and straightforward!