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6 Reasons Why Your Home Did Not Sell

6 Reasons Why Your Home Did Not Sell

6 Reasons Why Your Home Did Not Sell

There are a number of common reasons that a home listed for sale ended up not getting any offers and therefore not selling.  For the home seller who truly wants to sell their home understanding and addressing these common reasons can help put them on the path to selling the home the next time it is listed for sale.  Qualified real estate agents will understand these reasons and be able to guide a home seller to avoid them, but the home seller should also understand the causes of a failed sale as well.

1.  PRICING

First and foremost, pricing is on the top of the list as a common reason why a home did not sell.  Homebuyers are looking to get the best value for their money when buying a home and go in fully informed with regards to home prices and features.  Regardless of how many upgrades or add-on features a home has if the price is not in line with other homes in the neighborhood it will not sell.

Many neighborhoods tend to have similar houses where the builder went with similar quality and design.  If one house in the neighborhood has been upgraded that does not necessarily mean the homeowner will be able to recover the price of the upgrades when selling the home.  Home buyers will be looking at similar houses within a similar price range.  While it may be nice to have an updated/upgraded home, buyers will not be willing to pay a premium for that option.  There is also the added concern that an appraiser may not find the value to be what the seller thinks it is, which would result in a lender not approving a mortgage for the home.

If the price of a home is above other homes in the...

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