This condo was staged six months ago after sitting on the market for a few months beforehand. In 8 years of business, Premiere Home Stagers has only had 3 properties that didn’t sell after staging.
“The truth is it doesn’t really matter how much money you think your home is worth. Nor does it matter what your agent thinks or ten other agents just like her. The person whose opinion matters is the buyer who makes an offer. Pricing homes is part art and part science.” (The Worst Home Selling Mistake). – Elizabeth Weintrab
“The question is how much money have those expired listings cost the sellers? The financial loss often exceeds the extra mortgage payments paid. It affects the value that a buyer ultimately chooses to pay because it’s not a fresh listing anymore. It’s now stale, dated, a market-worn home that was overpriced for too long.”
Some other reasons:
- The photographs are not professional quality. Shoot wide angles with plenty of light showcasing your home’s best features.
- You hired the wrong listing agent. You want to work with an agent whose marketing and promotional plan for your property fits your needs. You want to choose a realtor whose statistics of days on the market are reasonable.
- You haven’t priced your property to sell. From Elizabeth Weintraub, (Why Isn’t My Home Selling) ” In a buyer’s market, price your home a minimum of 2% less than the last comparable sale. If you can’t live with that price, then don’t put your home on the market and set yourself up for disappointment. Overpricing is the worst mistake a home seller can make.”
Now that the condo is vacant, perhaps a new realtor will have some good ideas on how to get this condo sold!