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May 5th, 2008 9:36 AM

Your Home hasn't SOLD Yet? There is Still HOPE!

The Top Five Reasons Your House Hasn't Sold!

If your home has been on the market for a long time, chances are that one or more of the reasons below are to blame.

My GUARANTEE:
- EVERY HOME -
- IN ANY CONDITION -
- IN ANY LOCATION -
- WILL SELL -
- AT THE RIGHT PRICE -

Do you agree?

Before you put your home back on the market, take a step back and review your situation. Expired listings usually have not sold because of one or more of the problems:

1.    Price

You are priced out of the market - which means your property is overpriced. Don't forget - it is your house competing with other properties, not your agent competing with other agents!

2.    Condition

MOST buyers are looking for model home conditions. Everything should be near perfect.  Most buyers prefer to move into a house without doing absolutely anything.

Change Your Perspective! Think like a Buyer! Would you or did you buy a home in the same condition as yours? Most don't and look for BETTER properties.

The things that make your house stand out the most are price and condition. 

3.     Location

The third reason a house won't sell is location. Undesirable schools, higher crime neighborhoods, messy neighbors, busy streets, and noise pollution (i.e. beside a busy railroad track) can do it for your property! Bad location! Happens all the time!

However, if your house is located poorly, the only thing that can compensate is a lower listing price. In order to sell a house in a bad location, the owner would have to ask for less than what similar homes in more desirable areas have sold for. Favorable terms could also help sell your house, especially if you are in the position to offer owner financing or a lease with options.

Now, sometimes all the above are quite favorable but you property still does not sell. Then, these problems might be at fault:

4.     Terms

The fourth reason a house won't sell is Terms. If you are willing and able to accept buyers who are approved for not only a conventional type of loan or ask for a Vendor Mortgage, the number of potential buyers will increase quite a bit.

A Realtor assists buyers in finding a lender who offers many options. A Realtor qualifies more Buyers to purchase your home. 

More qualified buyers lead to a faster sale.

5.     Marketing

Did you have a good Marketing Plan?

If all above problems are not applicable, then your agent's marketing plan is most likely at fault. No sign in the yard? Not on the MLS? No ads? Don't expect offers to come in!

Agents today must have an aggressive marketing plan and customized to your property.

Your agent must make effective use of the latest technologies and must be attuned to the new information age.

Give me a call today and see the "SOLD" sign on your house in a reasonable time!

 


Posted by Gospodin Kostov on May 5th, 2008 9:36 AM

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