Reasons why homes don't sell in Sioux Falls

If you've had your home on the market in Sioux Falls for several months and haven't seen much activity or any offers, chances are that one or more of the reasons below are to blame.


Your price is too high

Some homeowners believe that their home is worth a more than what the market will bear because their emotions are over riding their logic. Regardless of the reason, if you've priced your home too high, you've set yourself up for a disapointing experience. Buyers look at several homes and make mental checklists of each one. If your home has the same features of another that's priced below yours...they'll chose the one with the lower price...and you'll still be on the market! Even if you do get an offer for the overly high asking price, the deal may fall apart before closing because the buyer may have problems financing at too high a price. Look at other homes for sale, ones as similar and as close to yours as possible. If they are going for less than you're asking, you may be priced too high.  The fact is, your home is competing against those other homes, and what buyers are willing to pay is what will determine final sales prices.

 

You have an agent nobody likes

Sounds almost silly, but its very true.  If your listing agent isnt liked or respected by other agents in Sioux Falls, it could slow down the sale of your home.  When an agent prepares to show properties to prospective buyers, the agent begins by talking to the buyer to find out what kind of home they are looking for.  Then the agent searches the local MLS and other sources for homes that fit the buyer.  If there are a number of good matches to choose from, and one of them has been listed by an agent that is hard to get along with, or arrogant, or has otherwise made himself unpopular, well  Its just human nature to tend to skip over someone you dont like. 

 

Location, location, location

Its the oldest clich in the world, but its true.  When it comes to Sioux Falls Real Estate, its all about location!  When it comes to homes, things like how good the schools are, crime rates, visual appeal of the neighborhood and noise or the smell of pollution can all effect how desirable the location is.  If you're in a bad location, a good real estate agent may help to minimize some of the impact by suggesting improvements to the house.  But the only really reliable way to overcome a bad location is with a lower price.  Simply put, an identical home in a bad location wont sell for as much as the same home in a better location.

 

Your marketing campaign is out of steam

The Real Estate Ray Group has a proven, aggressive and effective marketing plan to sell your home.  If your listing agent isnt making sure your home can be found easily on the internet, isnt actively promoting your home to other agents in the area or doing Open Houses regularly, then it might be time to change agents.  If all your agent has done is put a sign in your front yard and prayed that someone would show up and sell it, then that agent isnt coming close to doing what the Real Estate Ray Group will do to sell your home!

The market is slow

Youll hear it described as a slow market, or a buyers market, or maybe a cold market.  But it all means the same thing.  That home sales in Sioux Falls are slow.  That there are too many homes for sale and not enough active buyers.  There are several things you can do to combat a slow market.  The most effective strategy is to sell at a lower price.  Buyers are expecting to find bargains during a slow market.  You can also help yourself by offering to pay some concessions to help a buyer that might not have a lot of cash.  The ultimate way to beat a slow market is to simply wait it out.  But thats not always an option for many sellers.

 

Your home isn't easily accessible

To get your home sold quickly, its important that other agents in Sioux Falls show it to as many potential buyers as possible.  When a busy agent is compiling a list of homes to show a buyer, the agent will naturally tend to show those houses that are easiest to gain access to first.  Most homes on the market in Sioux Falls have lock boxes on them.  The lock box is a device which holds a key to the home, that only qualified local agents can access.  Homes that are listed as being lock box, no appointment needed will get shown more often than homes listed as agent has key, call for appointment.  If at all possible, you should let your agent put a lock box on your home for easier showing.  If not, you should do anything else you can to make it as convenient as possible for agents to show your home. 

 

 

The condition of your home

Sioux Falls is a very competative Real Estate market.  Your home has to compete against other similar homes for sale, as well as competing against shiny brand new homes.  The more you can do to make your home look appealing to a buyer, the better your chances for a quick sale.  Look at your home with a critical eye put yourself in the buyers position.  A buyer doesnt want to have to do anything except move in.  Your best bang for the buck in improving the condition of your home are paint and flooring.  Make sure that all of the paint is in great condition, both inside and out.  Repainting doesnt cost too much, and will usually make the biggest impact on buyers.  Make sure all of the flooring looks good too.  You may want to consider putting in new carpet.  Again, its not that expensive but it sure does make an impact on buyers coming to look at your home.

 

 

 

 



 
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