Reasons Why Houses Don’t Sell
Obstacles that prevent homes from selling
When a home doesn’t sell it can be attributed to one or more factors. Some homes sell in a matter of hours while others languish on the market for months or years and may never sell. Obviously there is a reason why a house doesn’t sell which leads to speculation about what went wrong. Is it because of the price, the exposure and marketing, the condition, staging or lack of, the time of the year, access to the property, reluctance to make repairs, etc? The list seems endless. What I’ve noticed after helping both buyers and sellers are common threads about why homes don’t sell. Here’s a few that I’ve observed….
⦁Things that never bothered the sellers that shouldn’t bother buyers. 
This reason is characterized by a conversation I had with a seller in the east valley who thought that backing up to a major arterial road under a power line should not affect the price. Why? Because it hasn’t bother them! They have learned to live with it so why would it be a problem for the next owner. This form of denial is turning a blind eye to what is common sense for the typical buyer. It’s important to realize that buyers determine value by comparison shopping and will move onto the next house unless there is something to compensate for this bothersome feature. In this case the price must be adjusted accordingly.
⦁ The house is priced too high.
The sellers are waiting for that special cash buyer that will fall in love with their home and the enamored potential buyer will pay the above market asking price. (With the current Canadian exchange rate, it probably will not be a Canadian!) Along this same line is “we can always come down” but only after the house has sat on the market for a while. There are a couple of problems with pricing your home too high. After buyers ask about the price, the very next question is “how long has it been on the market?” As the days on the market accumulate, sellers begin to lose their negotiating power and buyers feels justified in offering a discounted price which is logical because it has not sold. Pricing your home high will turn buyers away when buyer traffic is most important which is when it initially goes on the market. Then they will be reluctant to submit offers since the list price and true market value are so far apart.
⦁ The house is “too you” 
While you are extremely proud of your bold pink room, look at it from the buyer’s view point even if you have to put your ego aside. Not everyone is going to like what you like. When it comes to décor, less is best and simplier is better. Show the spaciousness of your home, not your collection of antique furniture. De-clutter and remember that how you live in your home is not the same as when you’re trying to sell it. It should be prepared to appeal to the largest percentage of buyers, regardless of the seller’s taste. Buyers want to visualize themselves in the home, not to be overwhelmed by the family photos, extreme color schemes and seller’s personal preferences.
⦁ The “fix or upgrade” list keeps growing. 
As a buyer walks through a house they enter the house with a mental ledger with two columns. One is “wow, that’s impressive” while the other is the “I’ll need to fix or upgrade” column. They notice deferred maintenance and outdated features and automatically put this in the “to fix or upgrade” column at an inflated price. As the second column grows the buyers feel justified in discounting the list price, or moving on to a house that requires fewer repairs and upgrades. The common justification that sellers give for this type of behavior is “the buyers will want to put in their own type of flooring, lighting, landscaping, updated appliances,” etc. or whatever the seller doesn’t want to fix. Remember buyers don’t have extra cash lying around to make these upgrades. It may not be in the budget to do a complete remodel, but do realize the thought process of the buyer.
⦁ The house creates no emotion. 
That’s the bottom line. When a buyer is spending hundreds of thousands of dollars, they want to get emotional about the purchase. It’s been said that buyers purchase houses on emotion and justify it with logic. What is going to get buyers emotional about your house? Remember buyers are comparing your house with other houses on the market. What is going to make them choose your house over the competition? Why do new home builders give interiors designers what seems to be a bottomless budget for model homes? To create the sizzle or emotion. Does your house create emotion?
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$459,900 :: 2856 E DESERT BROOM Place, Chandler AZ, 85286
5 beds, 0 baths
Home size: 3,667 sq ft
Lot Size: 9,583 sq ft
Added: 07/24/17, Last Updated: 07/24/17
Property Type: Single Family
MLS Number: 5637477
Community: ABRALEE MEADOW
Tract: ABRALEE MEADOW
Status: Active
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Listed with Berkshire Hathaway HomeServices Arizona Properties
Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!
$349,000 :: 1230 N CONCORD Avenue, Chandler AZ, 85225
5 beds, 3 baths
Home size: 2,376 sq ft
Lot Size: 10,454 sq ft
Added: 07/24/17, Last Updated: 07/24/17
Property Type: Single Family
MLS Number: 5637418
Community: PROVINCES
Tract: PROVINCES
Status: Active
This is the one!! LOCATION LOCATION LOCATION!!! This beautiful 5 bed 2.5 bath home is close to EVERYTHING! Tons of windows and high vaulted ceilings make for bright & open spaces.Formal living/dining area with soaring ceilings! Kitchen has breakfast bar, pantry and granite countertops and opens to a large family room. Tile flooring in kitchen, family areas and bathrooms. Upstairs the bedrooms are all very large, sone with walk in closets. Also comes with a laundry chute! The backyard is HUGE and ready for you to make your own with large diving pool, storage shed and covered patio. Great place to sit back and relax. Front yard faces a huge park. Relax and entertain by the large diving pool. This home is priced to sell. Do not miss your opportunity.
Listed with Keller Williams Legacy One
Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!
$409,000 :: 1661 S Apollo Drive, Chandler AZ, 85286
5 beds, 3 baths
Home size: 3,053 sq ft
Lot Size: 8,712 sq ft
Added: 05/03/17, Last Updated: 07/24/17
Property Type: Single Family
MLS Number: 5599925
Community: LOT 48 CALYPSO LOT 1-76 TR A-D
Tract: LOT 48 CALYPSO LOT 1-76 TR A-D
The price of this listing was last reduced on 7/11/2017 by 0%
Status: Active
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Listed with DPR Realty LLC
Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!
$419,900 :: 4777 S FULTON RANCH Boulevard #1137, Chandler AZ, 85248
3 beds, 0 baths
Home size: 1,760 sq ft
Lot Size: 2,178 sq ft
Added: 07/24/17, Last Updated: 07/24/17
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5637402
Community: SERENITY SHORES CONDOMINIUM AT
Tract: SERENITY SHORES CONDOMINIUM AT
Status: Active
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Listed with Cambridge Properties, Inc.
Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!
$319,900 :: 4777 S FULTON RANCH Boulevard #2068, Chandler AZ, 85248
3 beds, 2 baths
Home size: 1,890 sq ft
Lot Size: 2,178 sq ft
Added: 10/20/16, Last Updated: 07/24/17
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5514093
Community: SERENITY SHORES CONDOMINIUM AT
Tract: SERENITY SHORES CONDOMINIUM AT
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Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!
$319,900 :: 4777 S FULTON RANCH Boulevard #1127, Chandler AZ, 85248
3 beds, 3 baths
Home size: 1,825 sq ft
Lot Size: 1,306 sq ft
Added: 07/19/17, Last Updated: 07/24/17
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MLS Number: 5635421
Community: SERENITY SHORES CONDOMINIUM AT
Tract: SERENITY SHORES CONDOMINIUM AT
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$189,900 :: 254 N DELAWARE Street, Chandler AZ, 85225
5 beds, 2 baths
Home size: 0 sq ft
Lot Size: 0 sq ft
Added: 07/13/17, Last Updated: 07/24/17
Property Type: Multi Family
MLS Number: 5632844
Community: CHANDLER
Tract: CHANDLER
Status: Active
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Added: 07/19/17, Last Updated: 07/24/17
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Community: SERENITY SHORES CONDOMINIUM AT
Tract: SERENITY SHORES CONDOMINIUM AT
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4 beds, 3 baths
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Added: 06/22/17, Last Updated: 07/24/17
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MLS Number: 5623636
Community: SPRINGFIELD LAKES
Tract: SPRINGFIELD LAKES
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Listed with Century 21 Arizona Foothills
Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!
$315,000 :: 1463 W BLUEJAY Drive, Chandler AZ, 85286
4 beds, 0 baths
Home size: 2,215 sq ft
Lot Size: 6,534 sq ft
Added: 07/13/17, Last Updated: 07/24/17
Property Type: Single Family
MLS Number: 5632994
Community: CLEMENTE RANCH PARCEL 9A
Tract: CLEMENTE RANCH PARCEL 9A
The price of this listing was last reduced on 7/14/2017 by 3%
Status: Active
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