In today's real estate market there are many reasons WHY homes do not sell right away, sometimes not at all......Listed below are some various reasons that may or may not pertain to you if you currently have your home up for sale.

If you've ever SOLD a home, you know it could either sell very quickly, or possible linger on the market, month after month, with little or no interest from buyers.  Some possible reasons are as follows:

The common reason is overpricing.
The agent may have "bought" the listing by misleading the seller into believing the home was worth more than the market will bear. It's not unusual for an agent to deliberately take an overpriced listing.

 Little seller motivation.
Sometimes sellers want to "test the market" by pricing too high, just to see if they can find a fool to pay that price. It's known as a seller's worst mistake.

 Stubbornness.
Sellers could be stuck on the price and willing to wait out the market until the market catches up to the asking price.

 Down real estate market.
In buyer's markets, it can take longer to sell a home than in seller's markets. A home that would sell in five days in a seller's market might sell in 90 days in a down real estate market.

 Unavailable to show.
If the property is tenant occupied, it might be difficult to obtain an appointment from the tenant. In most cases, homes with a lockbox get shown more often than those without.

 Unsuitable to show.
Sometimes sellers put homes on the market before they are ready to let buyers see it. They might be finishing resale repairs or painting during the first 30 to 60 days of a listing.

 Reduced commission.
Although buying agents are required to show all listings, many agents refuse to show homes that don't pay the same commission as competing homes. Often these homes are listed by discount brokers.

 Little Internet or MLS exposure.
If the home has one photograph in MLS, buyers are likely to pass on the listing and instead choose homes to see that have multiple photographs.

Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.

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