Real Estate
5 Reasons Why Your Home Isn’t Selling
There are many reasons why homes don’t sell. In this article Amy Fowler looks at five of the most common reasons and what you can do about it. ~ Tim McMahon, editor
Price
This might seem so obvious that you write it off as a potential problem, but overpriced homes are more common than you might think. Often, Real Estate agents will overestimate the value of your home so that you choose them to sell your house, as opposed to a rival who has priced it more realistically.
In addition, estate agents will use examples of overpriced homes in order to encourage the sale of cheaper yet similar homes in the area. Be sure you know the value of your home and price it realistically.
It’s too ‘you’
Potential buyers need to be able to envision themselves living in the home. If the property is decorated according to
Take Advantage of Longer Foreclosure Times
Foreclosure Time Lengthens- What To Do?
According to RealtyTrac® the leading online marketplace for foreclosure properties, foreclosures in April 2011 hit a 40 month low. There were 219,258 U.S. properties in April with default notices, scheduled auctions and bank repossessions. This is a 9 percent decrease from March and a 34 percent decrease from April 2010. When I first heard this I thought, “It sounds encouraging, perhaps we are seeing an end to the housing mess.” But wait! Here is what James J. Saccacio, chief executive officer of RealtyTrac (the online foreclosure data people) said.
“Foreclosure activity decreased on an annual basis for the seventh straight month in April, bringing foreclosure activity to a 40-month low. This slowdown continues to be largely the result of massive delays in processing Read the rest of this entry »
