If you are looking to sell in Briarwood, you might have heard about stale listings. It sounds like something you want to avoid, doesn’t it?
A stale listing is a property that has been on the market for a long time without an offer. Generally, listings are considered stale after three months. In a sluggish economy, the definition might be more generous.
Why do some homes sell right away while others wear out their welcome on the real estate market? If you are looking to sell in Briarwood, here are four reasons why your home might not move as fast as it should:
Reason #1: Your home is priced too high.
A poor pricing strategy is one of the most common reasons why homes become stale. If you are looking to sell in Briarwood, you’ll get the best results if you work with an agent who is an expert in the local real estate market.
Reason #2: Your home staging is subpar.
A professional home stager is a worthwhile investment in a competitive real estate market. If you would rather prep your home to sell on your own, take time to deep clean and declutter before you list. Many urban buyers want more space. There are lots of tips and tricks online to help you create that illusion.
Reason #3: Your home needs an overwhelming amount of work.
You might have been dealing with drafty windows, minor leaks and a testy hot-water heater for a while, but prospective buyers probably don’t want to purchase a home with this baggage. If you are looking to sell in Briarwood, arrange to complete the repairs or be willing to bargain with your buyers.
Reason #4: It’s a buyer’s market.
A buyer’s market means that there are more listed homes than buyers looking. Unless your home stands out from the rest, it might sit for a while in a buyer’s market.
If you are looking to sell in Briarwood, connect with Briarwood Realty to learn how to make your home appealing to buyers!
Contact us today at (718) 380-5000 or email us here.