Why isn’t my house selling? How to handle a slow home sale

You may find that your home sale does not go according to plan. The stress and anxiety resulting from this can lead you to make poor decisions. Use the answers to these questions to guide you in making better decisions.

There are many reasons why your home is not selling

You may need to adjust your expectations or pricing if you are not seeing much activity from buyers. Read about Why your home might not be selling as fast as you expected.

Consider the following:

• You need to sell your house faster.
• What would you consider a reasonable price reduction in the first thirty days?
• Do you agree to reduce it again in 60 days? How much would you like to lower it?
• Do you have a listing on the MLS?
• Have you shared your home on social media? Have you asked friends and family members to share your home on social media?
• Or are you interested in a price increase?
• Will you wait until the right buyer comes along? How long are you willing to wait?
• Are you sure who your potential buyer is? Are you a first time home buyer, a family with high income, or a retired person?
• Does your listing title and description directly address the buyer that you believe would be most interested?
• Do your photos do your home justice? Do you need a professional to take new photos for your listing or do you want to hire one?

When to accept an offer on a house

Consider these options before making a decision:

• After 30 days, what is the lowest price you will accept? After 60 days? After 90 days
• Would you choose the one with the highest price if you had multiple offers? Which offer is most likely to be closed?
• Would you accept a conditional offer that the buyer sells their home first?
• Which would you prefer? An offer with a high price or one that is more certain of a closing date?

When it comes to selling a home, there is no magic. It can be a fast process (with its own stress, such as having to move quickly) or it can be a slow process. Sometimes it moves more slowly, and sometimes things move quickly. Prepare yourself for both scenarios.