Has your home been on the market for a while but still hasn’t sold? We know how frustrating this can be.
At Mitten Made Properties, we’ve worked with a lot of Metro Detroit homeowners who struggled for a long time to sell their property on the MLS.
From our experience, there are only a handful of reasons that homes get stuck in limbo like this. Take a look at our list below and see if you can figure out what’s affecting the sale of your home.
Not everyone is great at their job. It’s possible that you hired an agent who’s just not marketing your house very diligently. If it’s been three or four months and you still don’t have a buyer for your home, it might be time to find a new agent.
Is your home very outdated? Today’s buyers prefer a modern, fresh, and updated look, so old appliances, decades old kitchen cabinetry, or oddly colored tile could certainly be a reason that a home is struggling to sell.
Selling a home that ISN’T in pristine condition on the MLS is really difficult. It can definitely turn away potential buyers if there are a lot of things that need to be repaired, or even if the home is just dirty, because they know it’s going to take some effort (or additional money spent on projects) before they can move in.
If your home hasn’t sold for quite some time and everything else is up to snuff (repairs are made, home is updated and clean, etc.), then the problem might be that the home is overpriced. Check your dollar figure against similar home prices or recent sales in the area and see how it compares.
Sometimes, the timing is just off. Spring, fall, and summer, for instance, are all better times to sell than our grey Michigan winters, especially when the property and roof are hidden by snow. There are even benefits to listing a home on a Friday over a Sunday because it will be at the top of the search results for weekend house hunters. If you think timing is the problem and you’re not in a hurry to sell, it’ll pay to be patient.
We hope that helps!
And if you’ve waited long enough and are ready to seek an alternative solution, give Mitten Made Properties a call at (248) 883-3340! We buy Michigan homes fast for cash, and it’s worth checking out how our process stacks up against a traditional MLS listing. We can buy your property completely as-is for a fair cash price, and we’ll even pay all closing costs!