6 Reasons Why Your Key Colony Waterfront Condo is Not Selling
Every homeseller’s nightmare is to have his or her home dwindling in the market for months with no interested buyer in sight.
If
you’re one of those having bad luck on the market, you may want to take
a good, long look at what you’re offering and re-assess the situation.
According to housing experts, the most common reasons why a home,
including your Key Colony Key Biscayne waterfront condo, is not selling are the following:
1. Unrealistic price.
Most real estate experts agree that the #1 reason why a home doesn’t
sell is the price. This is especially true with sellers who are
emotionally attached to their homes and are not being objective about a
home’s true value.
With
buyers having easy access of information about your neighborhood and
comparative properties from the internet, having the most expensive home
on the market puts you at a huge disadvantage. You can visit www.MiamiRivieraHomes.com
to check what comparable homes in your neighborhood have sold for the
last 3 to 6 months. Then re-assess your selling price based on market
conditions and settle on a price that buyers can confidently respond to.
2. Outdated advertising.
Do you know that 92% of buyers begin their search online? If listing
and promotional details remain unchanged in several months, you may be
giving your potential buyers an underwhelming idea of what it would be
like to live where you live. It’s time to shake up your advertising
technique!
If
your old photos are evening shots, try taking daytime photos to shed a
new light to your property. Be creative in content and approach and
highlight your Key Colony beachfront condo’s best features. If possible, get help from professionals to achieve the desired attractive results.
3. Too personal.
Another reason that could possibly hinder your home from selling is it’s
too personal. The more unique and lived-in your home is, the harder you
make it for buyers to imagine themselves fitting their personal
belongings inside. Remember, buyers rarely have that same taste as
sellers.
Store
away everything - from that neon green sofa in the living room to those
prized hunting trophies hanging on the wall - that could turn off
possible buyers. Even you adorable pet can also be a big detractor.
You’ll know you’re ready for the next showing when there’s practically
left nothing of you in the house.
4. Bad first impression.
When it comes to real estate properties, presentation is important, and
anything that looks old or shabby leaves a bad impression on buyers. As
they peruse your property with critical eyes, potential buyers can
easily spot peeling paint, loose creaking door or any signs of water
damage.
Even
if you’ve already done some repairs prior to listing, check again.
Maybe there are still small repairs you’ve overlooked that’s stopping
you from getting that sold sticker. You may need to add some upgrades,
but you also have to be realistic with your time and budget. This time
around, ensure that you do all that is necessary to show your home in
its best condition.
5. Not much showings. Could the reason why your waterfront condo
in Key Colony isn’t selling is because you aren’t showing it off
enough? Think of all those times you’ve made it accessible for agents
and potential home buyers to view your home. If showings are done only
by appointment or at designated times, you are minimizing the number of
showings you get. If your home isn’t getting shown, it isn’t going to
get sold.
6. You tried selling the home yourself.
No offense, but if you’re selling the property on your own, you might be
making big mistakes in pricing and presentation. Now is the best time
to find an experienced real estate agent to help speed things up along.
You
need an agent who has sold comparable homes in your neighborhood, knows
what the buyers want and will be honest with you (even if it’s painful)
about why your home is not getting enough interest and what to do to
get the needed results.
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