Thursday, July 06, 2006

6 Reasons Homes Don’t Sell:

1. Your home is overpriced - Price is determined by buyers (the market) and not by sellers. Be realistic when first listing your home for sale.

2. Your home doesn’t show well - Price and condition are two things that the seller can do something about. Paint all of the walls back to white.

3. You’re in a bad location - That’s ok, because you probably paid under the market when you bought it. Keep your asking price low.

4. You have a lousy listing agent - Bad advice can cost you in time, money and hassle. Bad agents will overprice your home.

5. You are battling competition or market conditions - Buyer’s market or seller’s market, bad economy, bad weather, interest rates.

6. You have ineffective marketing - You must have your listing on the internet, have open houses and be on broker tours.