realestate

Hidden Deal-Breakers: Why Your Home Won't Sell for Top Dollar

Real Estate Experts Reveal Unexpected Reasons for Low Offers on Homes.

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ccording to Realtor.com's latest housing market trends report, the number of homes for sale has reached 1 million for the first time since winter 2019. Despite this surge in inventory, prices remain stagnant at a median listing price of $440,000. What's more surprising is that nearly 20% of listings have reported price cuts, marking the fifth consecutive month of growing discounts.

    If you're planning to sell your home soon, it's essential to be aware of the less obvious issues that can impact your sale price. Real estate experts reveal that unusual or lingering odors can be a significant turn-off for potential buyers. Pet odor, cigarette smoke, and overpowering air fresheners can raise suspicions about other hidden problems in the house.

    A 2024 cleanliness study found that homes cleaned and deodorized sold for an average of 5% above asking price, while those not cleaned and deodorized sold for an average of 3% below. A weak online presence is another issue, as most buyers start their search online. Poor listing photos can deter potential buyers from even scheduling a viewing.

    Additionally, poor lighting throughout the home can make it feel cold, outdated, or depressing, which can negatively impact your sale price. Rearranging the lighting and opening blinds to let in natural light can completely transform the mood of the house.

    Furniture layout and staging also play a crucial role in getting a full-price offer on your home. Oversized or misplaced furniture can make the space feel smaller or less functional, making it harder for buyers to visualize themselves living there. A report from the National Association of Realtors found that 83% of real estate agents believe staging a home makes it easier for buyers to imagine the place as their future home.

    Finally, too much clutter can make a house appear smaller and more disorganized, which can deter potential buyers. Even if your house is technically clean, clutter can still be a significant issue. Addressing these less obvious problems can help create a more inviting atmosphere that will attract full-price offers from potential buyers.

Home for sale on market, empty rooms and cluttered spaces deter potential buyers.