Aside from the price, what are some of the reasons why a seemingly desirable home would remain unsold for 24 months? Any “found” problem, such as mold, would have to be related to disclosure, right? I researched crime, death, zoning, etc. At the recent annual conference of the National Association of Real Estate Publishers in Washington, I learned how localized home sales markets can be. Some markets are booming (this is called a seller's market, where there are more qualified buyers than there are homes available for sale). But there are other local buyer markets with more homes for sale than qualified buyers.
The buyers realized that they didn't have time to think about whether or not they were offering a house because in the meantime, another buyer was starting to look for it. It is owned by a former OER who is sure that someone desperate to live here (the inventory is very, very low, but everything costs less than their own), or a foreigner with cash who doesn't know any better will be willing to pay the price too high, which has fallen over the years, but never fast enough to to keep up with the market crash. Even in today's tight inventory market, where most homes sell quickly, a small number of homes stay on the market for weeks and then months. A second factor that determines if your home has been on the market for too long is whether or not you're already paying for your next home.
Maybe your home is in a local buyer's market, requiring an extraordinary effort on the part of your sales agent to sell it. If I were forced to estimate the proportion of homebuyers willing to buy fixed homes and condominiums, I suppose the homebuyer's market share is perhaps only 10 percent at best. When a home is in lower condition than a model home, it is known as a repair house, which is generally sold substantially below the market value of a comparable home that does not require any repair work. However, all the major systems had been updated and the people who lived here were very demanding on maintenance, so the house was in an immaculate condition.
Remember that the listing price is only a starting point for negotiation and not necessarily why the house will eventually sell. We left the house a bit, but it was custom built, a third agent knew the area and we immediately sold it to someone looking to live in the mountains. I recently received an email from a home seller saying that after listing his house for almost 45 days, he only had a cheap purchase offer from a local bargain hunter. If a home has been on the market for too long compared to other homes, buyers may wonder what happens to the house so it doesn't sell.
It may have just been too expensive, I've seen houses that look nice, but the seller dreams about the price, sometimes they become realistic and it's time to jump into it before anyone gets it. If you're tired of trying to sell your house and need to sell it quickly in today's market, consider selling it to HomeGo. If the house can't be easily seen, there will be a lot of missed opportunities to have sold the house. The house's square footage, curb appeal, and neighborhood supported its selling price, but when you walked in it was disappointing.
