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We have our house for sale in encino, totally remodeled and price reduced, why wont it sell?

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August 03 2009 - Encino
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Profile picture for BigMoose81
Is it priced more than the most recent sales? If its a home in the more expensive part of Encino then it will take longer.
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August 03 2009
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3 1/2 years have passed since you asked this question.   Were you successful?  What did you learn that helped success?

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January 20
First:  Do you have showings?  If you do not have showings then the property does not appear to be a good option to potential buyers.  That could be because they see other properties that seem to be a better value (price), or because it is not being presented favorably (marketing)

If you do have showings then are you getting feedback?  Good marketing can drive lots of showings even if the potential buyers do not choose to make offers.  The reason they choose not to should become obvious through the feedback you receive.  (the yard is too small, too many steps, etc.)  You then have to decide how to compensate for the feedback or target the correct buyers based on the feedback.  
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January 20
[self promotion and contact information deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
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December 29 2013
You will hear time and time again that price is the number one factor for a listing to remain on the market longer than typical for the particular neighborhood. If you are getting a high level of showing traffic but no offers, you might consider clearing out as many non-essential belongings as possible and packing up personal effects so potential buyers can imagine themselves in the space. Also, try to keep the property show ready at all times. If you are not getting a lot of showing traffic, it is most likely price.
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December 28 2013
Based on this information, I could not tell you. I will say that once I see a property and evaluate the buyer feedback  we can usually figure out what the problem is. Believe it or not....it's not always  price.
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December 19 2013
Without having the home available for all of us to see here I have one suggestion.  Have your agent let the other agents in their office visit your property to give their own opinions.  PS  Don't be home when they arrive.
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February 24 2013
It appears that you 'tested' the market...prior perhaps? With a recent price reduction, is it now priced competitively with the comparable s in the area? Consider adding a price raided to your sign so that all the people that previously drove by and picked up a flyer are aware of the change....you are using flyers on the home (on the sign) correct? There are so many ways to expose a property, so talk to your realtor and discuss the options available in your area. Good luck. Scott Cary
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February 24 2013
Exposure - Open Houses 

Price - List Price like similar comps in the area

Pictures - Post adequate number of high quality pictures of home
                 in listing.

Agent - Hire an agent who is experienced in the area and will be pro-
             active in marketing your home.
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February 24 2013
How long has it been on the market?  Is it priced higher than the other homes for sale?
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August 19 2012
Several factors go into selling a home and the time it takes.  The better a deal the home is (meaning low price or high in demand), and the more people that know about it, then the faster it will sell.  If your home is priced not too low and not too high, then it may take several weeks or even months for the right buyer to come along, but that doesn't mean that the house will never sell. 

It's really up to you how quickly you want to sell your home.  If you want to sell it super fast, advertise it a lot in print, internet, etc., have high quality photos taken, be very available for showings, be open to negotiations, make any needed repairs, and price according to local, recent, comparable sales.

If you want to get top dollar for your home, list it with a Realtor.  Someone highly experienced in marketing and negotiation will be able to net you more money in the sale, usually at least enough to cover the cost of the commission.
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June 04 2012
Is your property exposed to the open market?  I agree with the other comments that price is very important, but if nobody knows that you are for sale then it doesn't matter what price you are trying to sell at. 
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June 08 2010
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99% of the time the reason is the price. 

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August 04 2009
Reasons in order of importance:

1.  Price
2.  Price
3.  Agent

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-Richard Schulman
Keller Williams Realty
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August 03 2009
 
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