The Orange County Real Estate market is a shining example of how the nationwide Real Estate market has grown over the last year. But in spite of the fact that it’s a sellers market right now, there still may be some homes for sale that have been on the market for longer than expected.
What causes homes to stay on the market when others receive multiple offers and sell quickly? There are four reasons that stop a home from selling and those reasons range from the obvious to completely unexpected.
The State Of Your Local Housing Market
The first factor that can either help a home to receive multiple offers, and sell quickly, or stay on the market for longer than expected, is the state of your local housing market.
Even though there are some very popular neighborhoods in Orange County like: Irvine, Newport Beach or Huntington Beach there are also other neighborhoods in the area that are not as desirable for people to move to right now. As the adage goes, the three most important factors in Real Estate are: location, location, location.
If your home is not receiving offers, and has been on the market for longer than expected, you can start attracting the attention of local homebuyers by doing things like: including desirable items with your home, offering to pay some or all of the closing costs or offer the buyer some other type of incentive that’s out of the box.
What Is Your Home Priced At?
Another reason for your home being on the Real Estate market for longer than expected could be the price of your home.
Is your home priced higher than others in the neighborhood? If so, you may need to have your Orange County Realtor do a comparative analysis of other homes in the neighborhood that have sold recently and adjust your price so it’s comparable to recent home sales in the area.
Is Your Home In The Right Condition For Sale?
Before you listed your home, did you actually spend enough time to get it ready for sale? Did you thoroughly clean it on the inside, clean up the landscaping, paint and do all of the things necessary to make your home look fresh and appealing to potential buyers? If not, it may be time for you to spend one weekend to create a to do list and then start taking care of areas around your home that may be turning potential home buyers off.
Does Your Realtor Have Enough Marketing Experience?
Last of all, another reason that could be keeping your home off the “radar” of prospective homebuyers is your Realtor’s marketing experience. If your Real Estate Agent hasn’t adequately listed you home so it can be found by local and international homebuyers then that could be another reason why enough people have stopped by to check it out.
To learn more tips that will help to sell your Home or to view the latest Orange County Homes for sale, contact Fred Sed & Associates today by calling (949) 272-0125.