The Four Reasons Your Home Is Not Selling
If properly marketed properly, there are 4 very big factors in why a home is not selling
LOCATION, INTEREST RATES, CONDITION and PRICE.
valuations over to broad an area or are not as in tune to a neighbor hood as a real estate agent.
CONDITION It is "interesting" to see what some sellers consider as "market ready". Many buyers are qualified to purchase but the property but the property does meet the qualifications for "government loans" like FHA, VA etc. Peeling paint, rotten exterior wood, not so handy person electric and more. An experienced real estate agent should be able to point out the red flags prior to putting a home on the market.
PRICE Price will compensate for the other three.A home will sell when the location is bad, interest rates are to high or the condition is bad to marginal. The price is to high if there are no showings. The price is to high if there are showings and no offers. If price is adjusted closer to what similar homes are selling showing activity will pick up. A seller should see one or more offers if price is at or below the median sale price for a neighborhood.
Real Estate in Oconomowoc is popping. Looking to sell your home or buy a new home call
Glenn Shong 262-490-2787.
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