Can't Sell My House
If your house is on the market and you don't feel like you are making progress, you might not be alone. The search term "Can't Sell My House" is becoming very popular with the search engines. There is no reason to worry.
Why Won't My House Sell?
There are a few things to consider when pondering this question. Let's take a look at these things.
- It isn't the 2020 housing market any longer. We have moved back to normal market conditions. Historically, the average time a listing stays on the market is 90 days.
- Affordability is not 100% fixed. It is getting better, but we aren't there yet.
- Interest rates are hovering right around 6%. While this is a three-year low, this number still has many buyers sitting on the sidelines waiting.
- Is the house priced right? Price is key. Of the four main factors that go into selling a home, price is considered the most important and the one area you have full control over.
- What kind of feedback are you getting from showings?
The Bottom Line:
Your house is going to sell. It just takes longer in this market to find the right buyer. It is wise to examine your asking price every 14-21 days. Even a small price adjustment can attract a potential buyer's attention.