Why Is My House Not Selling As Fast As I Thought It Would?

While most expect their house for sale to sell fast in Etobicoke or Toronto, they may be surprised to see when occasionally it doesn’t work out that way.

If your house isn’t selling as fast as you thought it would, it could be a sign of several things.

Presently, a lot of buyers are, of course, trepidatious about buying with the interest rates being high compared to where they were pre-pandemic and the myriad of other cost factors that are eating into what they’ve saved for a down-payment as well as their income.

There is a lot more at play though when it comes to selling a house fast.

Many properties in Etobicoke, Toronto, and the GTA still sell at record speed. Here is why your house might not be selling as fast as it could.

Unrealistic Expectations

A lot of us read the high real estate numbers that come in every month and think that selling a Toronto home is easy. While buyers are clamouring for properties, you’ve still got to give them a little flash and sizzle to garner interest. Invest in and hire a real estate agent to help you properly stage, market, and sell your home for the maximum dollar.

Want to make the most of your home sale? Click here to find out what today’s buyers are looking for.

You Picked A Slow Time To Sell

Winter is not the best season to sell a house in. A change in interest rates or inflation can impact the moment. Market conditions change. Buyer leverage rises and falls. Though it’s not always true, your house may not be selling as fast as you thought it would simply due to circumstances.

The fix is to look at the market, be patient, and be available. See what you can do to enhance your home’s appeal.

Incorrect Asking Price

You may have priced your house for sale too high in comparison with similar properties in the market, leaving your target demographic to buy other homes instead of yours. Alternatively, some price their homes too low, indicating some sort of issue or problem that a would-be buyer may not want to deal with.

If sales are down in your neighbourhood or area, this may also impact what sort of asking price you want to put up.

Lack Of Curb Appeal

Stage your home, enhance its curb appeal, and take the time to make the best first impression you can.

This may involve rearranging furniture, doing some minor landscaping, and potentially completing some minor repairs around the house. Regardless, real estate staging is a time-tested strategy to sell your Etobicoke home faster.

Incomplete Renovations

Partially done renovations are not an eye-catching detail for anyone. Either get those renovations completed or incorporate that into the asking price as you seek the right homebuyer.

• When You Sell Your Home, What Pricing Strategy Do You Use?
• Is Now a Good Time to Sell Your Etobicoke Condo?
• 5 Reasons to Stage Your Home When Selling

Not “Move-in Ready” Enough

A lot of first-time homebuyers want a home that is ready for them. If the roof is old or the interior isn’t updated, this is going to turn off a large segment of your target market.

Even if you don’t have the money to invest in every renovation you want, address the essentials and get those done.

If you have not yet hired a realtor to help you sell your home, this can be a sure way to get offers and sell quickly. Contact the team at Adrian + Andrea if you have a home to sell in Etobicoke or Toronto. The team can sit down with you, discuss how to market your property in the best light, and agree on a strategy to sell fast and for the best offer available. Reach out today.