5 Ways You're Sabotaging Your Home Sale
You'd think that with interest rates low, for-sale homes wouldn't be sitting on the market all that long - not with eager buyers waiting to snap one up with 30-year fixed mortgage rates at 3.6% this week, according to BankingMyWay.com.
But homes aren't moving as fast as one might expect.
According to Realtor.com, the average U.S. home for sale is spending 65 days on the market. That's a good number, but not a great one, and there may be an underlying reason why homes aren't selling faster.
"In a sellers' market with low interest rates for buyers, it's hard to believe there are many homes sitting for too long without an offer," states John Lazenby, president of the Orlando Regional Realtor Association. "So, if your house isn't selling in this hot market, could you be to blame?"
Specifically, homeowners can get in their own way on a home sale in multiple, deal-killing ways - and TheStreet has asked industry experts to target five of the worst.
4. Not leveraging photos and online images -Real estate sales are technology driven now, says Matt Parker, author of Real Estate Smart: The New Home Buying Guide and a real estate professional in Seattle. Professional online photos can increase your sales price from $3,400 to $11,200, according to Redfin. "If you get cheap on photos, you are gambling with the home sale," the company states.