Common Reasons Why Homes Fail To Sell
By Doug Rogers, Your Real Estate Resource!
(RE/MAX Coastal Properties)
Common Reasons Why Homes Fail To SellFor both home owner and real estate agent there are few things more exciting than a new listing. With lockbox on the door and sign firmly in the ground. All that's left is schedule a few showings and go over offers! Then crickets, few/if any showings and weeks on the market morph into months. Let's examine some of the key reasons for a home listing to expire...1) Sellers testing the market-- This is the old, "I don't need to sell but If I can get a certain amount I will." We see this a bunch in our vacation market. Since most are investment properties, why not sell if the price is right? When the seller can't get the inflated figure, often times they will cancel the listing or let it expire. 2) Not responding to market feedback--After each and every ...
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