GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Property prices vary widely by region, though.
Just because some homes in your neighborhood sell for a certain amount ofmoneydoesnt mean yours will.
After all, you deserve the best offer possible.
Here are the top reasons your home may sell forless than asking price in 2025.
Its a Fixer-Upper
According toZillow, fixer-uppers arent selling for nearly as much as they once did.
The typical fixer-upper sells for 7.3% less than similar, newly renovated properties.
And homes that need work sell for about 8% less than expected, per Zillow.
Fixer-uppers used to be all the rage with U.S. homebuyers.
If youve listed your home as a fixer-upper, it may not sell at or above asking price.
Properties on Zillow with the terms TLC or needs work also tend to sell for less than expected.
The Market Isnt in Your Favor
In real estate, there are buyers markets and sellers markets.
A buyers market favors the buyer.
A sellers market favors the seller.
If youre selling in a buyers market, you might get some lowball offers.
Market conditions play a big role.
Higher inventory can increase competition for sellers and drive prices down.
As a seller, youre more likely to receive offers under asking price.
You may also be asked to help with closing costs or agree to other contingencies that help the buyer.
Proper pricing at market value from the start is also important, Bellido said.
While you dont have to do this, you may want to get an appraisal before listing your home.
But it can be problematic for some sellers.
As the seller, you may need to pay to repair whatever was discovered.
If you dont, you may have to accept a lower offer.
If yours isnt, it might sit on the market for a long time.
And it might receive lower offers.
To get a better offer, sellers should make their home move-in ready, Bellido said.
Small improvements can make a big difference in attracting buyers and securing a strong offer.
This can include updating landscaping to increase curb appeal, fresh paint and proper lighting.
Staging and professional photography for the listing also go a long way.
take a stab at be flexible with showings too.
More From GOBankingRates
Share This Article:
