“Why isn’t my Michigan home selling?”
That’s the question you keep asking yourself several months after you have listed your house on the market. Selling a house today requires a tremendous amount of hard work, financial commitment, and, most importantly, patience. Even if you hire a top-notch realtor and make the necessary home improvements, there are no guarantees that you will find a buyer.
There are several reasons why your house isn’t selling: poor real estate market, too much competition, asking price, or location. Whatever the reason, you need to sell your house fast and can wait no longer. Below, we look at four reasons your Michigan home isn’t selling and what you can do to land a deal quickly.
1. The Michigan Real Estate Market Is Not Ideal
Many people view the Michigan real estate market as ‘bad’ or ‘good.’ However, it is possible not to sell a house in a good real estate market. Why? Because the market doesn’t agree with your particular property. The market could be going through a trend that your house doesn’t fit in. Or the market could be shifting to another part of town away from your house.
Regardless of the reason, you may need to adjust to your house to meet the current market standards. The question is whether you can make those types of adjustments. Can you afford repairs? Should you lower the price? You may be in a situation that prevents you from making the upgrades or changes to the house.
2. The House Needs Some Work
The condition of the home you’re selling plays a large part in whether or not you get any offers. A real estate agent has trouble selling a home that is out of date, even in a strong market, because potential buyers don’t want to deal with issues such as
- Having to do renovations
- Paying more to restore a home
- Hidden fees and issues that come up when renovating
- Not moving in right away due to home improvements
- Living in a construction zone as they make repairs
A home that needs repairs or cosmetic updates becomes a project for potential buyers. While some house hunters are DIYers ready to take on the challenge, most will find it overwhelming. However, you may not have the money readily available to make the necessary repairs or upgrades.
3. Legal Issues Are Preventing the Sale
Legal issues can often put a stop to selling a house. For instance, you may be going through a divorce and can’t agree with your ex-spouse on if, how, or when to sell the house. If your family is going through probate, a legal dispute can derail any plans you have to move the property quickly. You may need to resolve these types of issues before selling the house.
Other issues that can keep you from selling your house include bankruptcy or foreclosure. The bank may be trying to repossess the house before you can sell it. Plus, you are looking for a way to sell the house without hurting your credit or paying the remainder of the mortgage balance after the sale.
4. You Chose the Wrong Realtor
Home sellers often choose a realtor based on a referral from a friend or coworker. Since they are not real estate experts, they may not know how to assess a realtor’s performance or use criteria to find the right candidate. Before you choose your realtor, did you ask the following questions?
- What is the average number of days on the market for home sales in my area?
- What is the average number of days for my agent’s most recent home sales?
- How do my agent’s marketing materials compare to other houses for sale in my area?
- How is my communication/relationship with my current agent?
- Does my agent have experience selling in my price point and neighborhood?
If you chose the wrong realtor, you might find that it’s taking much longer to sell your house than expected.
You Can Still Sell Your House Fast in Detroit, Michigan
Regardless of your current situation or how long your house has been on the market, you can still your house fast in Detroit, Michigan. How? Sell your house directly to a buyer in your area without hiring a realtor. M1 Home Buyers can buy your house as-is right now. You make no repairs, pay no closing costs, and pay no realtor commissions. How does a cash sale work?
Step 1: Contact Us
Call us today or fill out the form, and we will call you to discuss your home. We will schedule a quick walkthrough to assess your property. We will make you a CASH offer if our services meet your needs within 24 to 48 hours. Do not worry about repairs or cleaning your property.
Step 2: Receive your Cash Offer
After a quick viewing of your house, we will make a cash offer. Our offers come in at just under the current market value of your property. There is no obligation to sell your house. You have nothing to lose and a more convenient sale of your house to gain.
Step 3: We Pay You Cash
If you accept our offer, we schedule a close date that is convenient for you. In most cases, we can close in as little as seven days. No repairs or cleaning is necessary – simply walk away from your property with cash in hand.
Sell My House Fast in Michigan
Before you contact the realtor or list your house on the market, do not pass up the chance to sell your house as-is for cash. M1 Home Buyers is here to help you find the simplest solutions to get cash-in-hand quickly without wasting time and money on repairs and closing costs. We buy houses for cash in Michigan. To schedule a quick, no-obligation walkthrough with M1 Home Buyers, simply call 248-397-5800.