There are homes that are on the market for a very long time. When other properties around a house are selling and this one hasn't, it can cause potential buyers to be wary. Firstly, all homes are not equal, this is self-evident. Some are new, some are old, some have a modern design, some are small, others extremely large, some are just plain quirky! However, time and again it will be the seller who is responsible for the house not selling. Usually it's as simple as not listing the property at the price it is actually worth. An appropriate price is determined by the condition of the property and neighbourhood competition. Ultimately, at the right price all homes will be sold. And this puts the ball directly in the seller's court. A long-standing no sale home is often a clear indication that the poor condition of the property has not been taken into consideration by the seller. So if you are a potential seller, bear this advice in mind when putting your property on the market. Overpricing your property will only make your realtor's job all the more difficult. And having your home on the market for a long period of time will only give potential buyers more leverage.
Posted by Colleen Lane on