You’re trying to sell a Metro Detroit MI house that just won’t sell?
And yet – the news says the real estate market is heating up. Well it was… upon September of 2022 or so. The media is practically shouting again about multiple offers, high demand, and record-setting prices.
So where’s your contract? What is actually happening in Metro Detroit?
Here is the current 2023 real estate outlook and some of the reasons why the market is slowing down according to Forbes.
So let’s take a look at these valuable tips to help you sell your Metro Detroit home.
Why won’t my house sell in Metro Detroit? – 6 Tips To Cure It
1) Get professional help.
Just like before, there are novice agents and investors rushing into the booming market trumpeting that they know what they’re doing only to waste your time after few month passed.
They’re getting hit hard with the nuances of financing, deal structure, and home evaluation. Seriously, chances are good that real estate is your biggest investment – don’t trust just anyone’s advice, I mean not even friends or aunts/uncles unless they are pros… you know what I mean? 🙂 If you want great results, partner with the experts.
2) Don’t make too many improvements.
Too often we see over-improved properties – those where the owners have gone too far thinking the more it is updated the more money I will get back… In most situations it’s not the case at all. Even with the best of intentions, exceptional craftsmanship and true artistic talent, it’s incredibly challenging to exceed what the market is actually paying. Plus, a lot of buyers want to add their own custom touches. Get rid of all the clutter and think “neutral”.
3) Do make necessary repairs.
Unfixed stuff scares buyers. Show that you’ve been a responsible property owner and get all the little details fixed. For pet owners, the keyword is odor. So think what do you need to do to make buyer feel warm and cozy?
Don’t leave gaps in the trim or plates off of the switches and fans. Get it inspected by a professional home inspector, and show off the healthy home report. This goes a long way towards establishing confidence that they’re making a good purchase.
4) Style and design matters.
Curb appeal is as important as the inside – so don’t neglect one part of the property to improve the other. Give buyers a solid impression of great style. Paint the walls, update the landscaping, and most of all – keep it immaculately clean. Consider hiring a professional designer to help you stage the house.
5) Pricing matters a lot.
If you’re getting a lot of showings but not a lot of offers, you might not be too far off in price. That of course if your property shows well, clean and staged. If your best efforts to advertise your home aren’t making the phone ring, you’re most likely overpriced.
6) Every property will sell – sometime.
There’s no magic formula – but there’s no substitute for experience. Expert always has an “it” factor without sugar coating.
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If you need to sell a house near Metro Detroit, we can help you. We buy Metro Detroit MI houses.
We buy properties like yours from people who need to sell fast.