Why Won't Your Home Sell (When Everyone Else in the Neighborhood Will)?

The Savvy Synopsis

Everyone wants a good deal, especially when you’re dealing with a purchase as significant as a house. But these mistakes might not actually be worth the ‘deal’ you’re getting in the long-run. Avoiding these bargain-hunting mistakes when you’re looking for the right home will help you make the best decision.

Did You See This?

Ever consider upgrading your home but wonder if it will pay off in the end? Some say to be cautious about making many potentially costly home improvements if you want to get the full value of your home when you try to sell it later. But at the same time, it’s your home, and you should enjoy it to the fullest.

On the other hand, what if you bought a fixer-upper with grand plans but now can’t get to them? Should you move and risk taking a loss? Or should you stick with it to get a few of the repairs in before some major life changes?

When it comes time to sell, what’s the problem if your house is the only one in the neighborhood that doesn’t seem to sell? How can you get your home to sell faster? How do you get the most value out of your home without sitting around and waiting?

Angie answers all of these questions in today’s podcast. Listen to the whole thing or click the timestamps below to skip ahead.

0:38 - Closing Recap: Congrats to James and Carla in Fuquay! 

5:18 - Mailbag: Is it bad to “over-upgrade” your home?

7:45 - Mailbag: Unexpectedly expecting, so how do you quickly sell a fixer-upper (that hasn’t been fully fixed)?

9:21 - Mailbag: Why won’t my home sell when everyone else in the neighborhood’s is going fast?

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The Host:

Angie Cole - Contact - Call: 919-538-6477

Show Transcription:

Note: This is an automated transcription. Please forgive the robots as they tend to make some (a lot of) mistakes...

Speaker 1: It's time for the savvy real tour podcast I'm Walter Storholt alongside Angie Cole, the owner and broker in charge of acole realty serving you throughout the triangle, teaching you about the ends announced When it comes to buying or selling a home, you can find the team online by going to a coal realty dot com. That's a c o l e realty dot com or by calling 91957831 to 8. That's 91957831 to 8, and now it's time for one of the top rail tours in the Triangle. Angie Cole and the savvy real tour podcast. You're listening to the savvy real tour with Angie Cole. Local Real Tour here in the Triangle, of course, has a great team that has just had great success throughout the area, using the word great a lot because it's appropriate. Angie and her team have helped more than 600 families buy or sell their homes in just the past three years. She was voted is the number one real estate agent in Raleigh by Midtown magazine and number one in Wake County by the indie weekly just last year. And if you won't find out more information about what it's like to work with Angie and the team, you can go to a coal realty dot com. That's a c o l e realty dot com, and learn about what it's like to work with one of the best real estate teams here in the triangle. And each week here on the program, we have a closing recap where we talk about one of the successes that a recent home buyer or seller experienced when they worked with Angie and the team. Maybe some of the challenges they face town. Angie and the team help them overcome those challenges. And Angie, who we talking about this week?

Speaker 2: Yeah. So I want to give a huge shot out and congrats to James and Carla. And it's only fitting that we met them through the radio show about Yeah, so, you know, thank you for listening and for actually contacted me. So we had the opportunity of meeting with them. And not only did we help them with buying a home in Fuquay, they actually closed on their new custom built home. I'm about to leave. Is to your three weeks ago, but also we helped them was selling their home and Gardner. And when it came to selling their home, we end up getting multiple offers for them. So it's super super quick, and they close on their sale this week. So just a huge congrats to James and Carla. They were absolutely amazing to work with. I was so just, um, you know, just it was such a pleasure being connected with them through the radio show on being able to assist them with both thereby and their sales side. So I know they are super excited, super happy to be in their new home in few Quay. And they're, you know, pleasantly surprised with outcome of their sales.

Speaker 1: That is very cool. Congratulations, guys. And ah, thanks for calling into the show and getting in touch with Angie and going through that process and glad that you got a successful home closing both on the Buy and the South Side. That is fantastic. So if you want to see what it's like to work with Angie and her team once again, I do encourage you to go to a cool realty dot com. It's a great place to start your search for a home or to get in touch with the team via the Web. You can also call or text Angie directly, and that's right. You gonna send Angie a text? Start a conversation that way. 9195386477 That's 9195386477 Call Angie Cole at that number and talk about what you're looking to do when it comes to buying or selling here in the area. And last, but not least, a great way if you're thinking about selling in particular. Ah, great first step to take if you're not. Maybe not ready to pick up the phone and call or have that direct conversation. But you want to kind of take those first steps when it comes to selling your home and Jenna that a lot of folks do this each week here on the program, and that's finding out you know how much their home is worth, what their potential value is. Tell us a little bit more about that,

Speaker 2: Yeah, most definitely so you know, that's one of those things that sellers always ask us is well, what is my home worth? You know, because often times it doesn't make sense for them to make a move unless they can net a certain amount, right? So if you are thinking about selling your home and you want to get a night idea of what your home is worth in today's market, I would love to share with you our neat tool that we have. And it's a simple is pulling out your smartphone. So on your smartphone, just text the word listing to the phone number by 55888 And from there we're going to text you back with a link. Make sure that you click the link, you input your dress, and from there we will share with you what your home is worth. So once again, if you're thinking about selling your home and you want to get an idea of what your home is worth in today's market, just text the word listing to the phone number. 555888

Speaker 1: It's all you have to do very easy to find out that potential home value again. Just text the word listing to the number 555888 will text you right back with a quick link that you put in your homes information into, and you'll find out that potential home values that easy only takes 20 or 30 seconds to complete, and you'll be well on your way to getting that great information. Great first step every thinking about selling your home in the near future. Just text the word listing to the number 555888 much more Coming up on today's show, you're tuned into the sample Realtor with Angie code more on the way. It's

Speaker 2: time for the mailbags we want

Speaker 1: to hear from you Drew in. Fuckwit has a question for us, Drew says. I recently purchased my first home. It's just me and my dog Reno. I plan on being here for a while, and I'd like to do some renovation work. I know you've talked about being careful over upgrading a home, but I just want to do it for fun. Would I really be shooting myself in the foot if I made a bunch of changes?

Speaker 2: Drew. I feel like there's not a right or wrong answer to this with answer your questions. So you know I owe. I do say, be careful when it comes to over improving your home and what I mean there is You never want to want to be the nicest, most expensive home in on the block in your neighborhood because typically, you will not get all that money back out of it. But on the flip side, if you plan on being there for a while, you need to enjoy your home, right? So you know what I would say? Run with it and have fun as long as you set arrived. Now set that expectation for you that when it's time to sell your home, you might not get the full value back out of the improvements that you put into your home. But you know what a home is? Just that it's called a home for a reason, and you need to make it your own. So if you enjoy doing improvements doing renovation work, you know, enjoy it and, you know, make it a home for you and your dog.

Speaker 1: It's really good point. Angie and Drew, I mean, you know, have some fun, right? I mean, I guess there's a big difference. Angie, between Hey, I'm gonna paint the walls like that's not gonna price you out of your neighborhood versus I'm going to add an elevator and, you know, ah, 6000 square foot addition into the backyard. That's gonna be the biggest home in the, you know, foreseeable distance in the zip code. Well, then that might be, you know, shooting yourself in the foot a little bit there, right?

Speaker 2: Yeah. Yeah, exactly. And I, you know, it's more of if your next step is to quickly sell your home or to do all of these type of improvements and or changes in order to sell. That's when I say, Let's stop. Let's stop what we're doing right there. Let me give you some feedback. Let me give you some guidance based on your neighborhood and what it can support. Um, but you know, if you're going to be there for a while, make it your own. Enjoy it. If that's something that you that your hobby, you know that you love doing his force renovations and and, you know, just kind of improving your home, you know, have at it, you know, it's it's a home for a reason.

Speaker 1: Yeah, it's a really great point. Thank you for the question, Drew Again. If you want to submit a question, you can do that by going to a cold realty dot com. Let's hop over to one here from Sam. Sam is an apex and same says we moved into a fixer upper less than a year ago. Our intention was to spend the next several years fixing it up, but unexpectedly. Now we're gonna have a baby. It's exciting, but now I just don't see the renovations happening. What tips would you have for us to consider as we maybe turn right back around and sell this home and move into something that's gonna have less maintenance and renovations needed? I've heard it's bad to settle home pretty much right after purchasing it.

Speaker 2: Well, first of all, same. Congrats on the new little one are soon to be new little one. Um, you know, my thoughts are I would go ahead and make the move sooner than later. If you know that it's going to be a hassle and just, you know, stressful for you living in a home. And especially I'm assuming your wife for living in a fixer upper, knowing that a new little one is on the way and you just won't have time to do those items. You know, I would say go ahead and make the move. Now, um, I do want to set the expectation for you that you know what? You might be taking a loss. I don't know exactly your specific neighborhood and location, so I can tell you, just of course, you know, over the radio what type of appreciation or depreciation that you've seen. But that is something I can definitely come by and share with you and show you, you know, comparables and overall net proceed sheet. But my thoughts are I wouldn't stay put just because you're concerned. As far as you know. Is it bad to sell as soon as you bought? Have just purchased a home. I would do what's most important for you and your family with, you know, in this current situation

Speaker 1: over and Rollie, we're getting a question from Lily here. Lily says I've done everything I can to try to sell my home. I've burned through three different agents. I liked the phrasing there. I've burned through three different agents, um, have re priced the home like 10 times and done everything else I can think of other homes in the neighborhood or selling mine doesn't seem that different. Am I just unlucky? What could I do to end this frustration and get this thing sold for what it's worth?

Speaker 2: Who, um you know, I it's my job to be honest and upfront and ah, you know, educate you. Right? Um, you know, the last statement that you mentioned is you need to sell this home for what it's worth, and so that makes me only assume that you're probably overpriced, especially if other homes in the neighborhood or selling um, you know, you know, agent is having luck with getting your home sold. And even though maybe you have re priced it like 10 times, I don't know what re pricing to you means that could be Hey, I reduced the price by $100 every single time because I have seen sellers do that before. But you know, every home will sell if it's being marketed correctly and at the right price point. And, you know, knowing once again that you've already burned 33 agents I would assume it's probably not the agents when it comes to, you know, get your home sold. More than likely, you are priced incorrectly for what your neighborhood is, stating that your home is worth so hate to be the bearer of bad news. But I'm only assuming that's probably the issue here, So but if you are thinking about you're selling your home, which it sounds like Lily, you want to get your home sold. You know we have a great tool that we would love to share with you. And so it's a simple is using your smartphone. You can just text the word listing to the phone number 555888 And from there we're going to give you an idea of what your home is worth in today's market. And that is really, really important when it comes to selling your home to make sure that you are being realistic with what the market is telling your your home is worth. So if you're thinking about selling your home and you want to get an idea of what your home is worth in today's market, you can text the word listing to the phone number 555888 And from there our team, we will text you back. We will send you a link. Make sure that you click that link and you input your dress. And from there we can give you an idea of what your home is worth. In today's market,

Speaker 1: you've been listening to the savvy real tour podcast on Walter Store Halt alongside Angie Cole. She's the owner and broker in charge of a co realty here in the triangle. And if you have questions for Angie Wei, invite you to go online to a coal realty dot com. Listen to past podcast episodes on the website. Read the block and all the great information, including the option to find a home right there on the Web site. That's a coal realty dot com, and you can also call Angie with your questions. 9195783128

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