If you’ve put your home on the market, you want it to sell quickly and efficiently. However, if it’s been more than a month, you may be wondering what the issue is. You love your home- so what’s the problem? In Massachusetts, the median days on market for single families for sale is 39 days. For multi- family homes, it is 42 days and for condominiums, it is 31 median days on market. If you’ve been trying to sell your Boston home and have had no serious interest, consider the following key reasons your home may not be selling, and what you can do to fix that.
1. The Most Likely Reason: Your Property is Overpriced
A wel-priced property will sell- period. Many homeowners make the mistake of inflating their homes’ financial worth, especially if focusing on Zillow’s “zestimates” which are not as accurate as you may think. These estimates are only as good as the data they use, which is often outdated or doesn’t take into account important nuances relevant to markets like Boston’s. Even though it is a relatively small city, pricing varies greatly from neighborhood to neighborhood and sometimes even street-by-street. Make sure you’re working with local real estate specialists that have the most accurate real estate data, so you can accurately and competitively price your property. We know of one landlord that has told us Zillow has dramatically overpriced the value of his townhouses by about $400,000.00 each. The owner of these Boston townhouses said he would be happy to receive an offer that high and would sign the purchase and sale agreement instantly.
Since Boston Pads has a reputation for being the best real-time real estate portal in New England, it’s the place serious and experienced buyers check first. It’s more than just a site to list your Boston home, it’s a full real estate ecosystem with resources that can help you sell your home for top dollar.
2. Bad Pictures Keep People from Visiting
Did you hire a professional to take…