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Even if you just purchased a new house , it’s important to be able to sell your home in the future when you’re ready to move on. Some homes are just more difficult to sell than others. Here are some of the most common reasons.
Compare your home to your neighborhood. Is it similar to other homes in the area, in terms of size and style? Does it have furnishings that match other surrounding homes?
If it is larger or smaller than other homes, or has has high-end finishings in a middle-class area or has low-end finishings in a higher-class area, it may be difficult to resell.
Many home buyers expect to see certain amenities in each price range. A home that is lacking in one or more of these features may have trouble competing with other houses.
These are some of the common features that are expected in many homes:
If you see a common feature that your house doesn’t have, expect it to impact the sales price.
Take a look around your home. Is it cluttered? If so, it may be time to get rid of as much as you can before trying to sell. Keep any sentimental belongings, but trash, donate or store the knick-knacks around your home.
Keep it simple. Buyers want to be able to visualize living there, but it’s hard to do when it’s full of clutter! Open up your space and only keep the bare essentials.
There are many buyers who don’t want to spend their time renovating an older home. Maybe the floors are wearing out, or the wood paneling just isn’t their style. This can make it difficult to sell your home, and may sit on the market for longer than expected.
Although, there can always be someone out there who sees the potential of the home and is willing to fix it up themselves.
But, keep in mind the older your appliances, cooling and heating systems and drafty doors are all things that may affect how soon you will sell your home. If possible, try to renovate or fix some of the smaller issues that you can afford.
Dark homes aren’t very appealing to buyers. It doesn’t highlight all the great features your home has to offer. A little bit of light can go a long way, especially if your home has a lot of wooden paneling, trims or floors. Open up the space by adding natural light, or even just opening the drapes can do the trick.
You can also repaint the walls to a lighter color and install some light fixtures. That way, buyers won’t feel dreary walking through your home, which can discourage them from pursuing the purchase.
The post Reasons Why Your Home May Not Be Selling appeared first on Owings Mills & Lutherville Mortgage.
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