Agent

Why hasn’t my real estate sold yet?

5 primary reasons why buyers look elsewhere
Published on May 21, 2004

During the current springtime peak home sales season, the largest number of prospective home buyers are searching for houses or condos to purchase. That means this is a great time of year to be a home seller. Although mortgage interest rates recently rose a bit, that slight increase motivated many first-time home buyers, move-up buyers and move-down buyers to purchase a house or condo before interest rates rise more. The result is near-record numbers of new and resale home sales. Purchase Bob Bruss reports online. But some houses and condos aren't selling. For example, I recently received an e-mail from a Realtor whose new townhouse listings aren't selling. When I checked his Web site, the photo showed the townhouses lack "street appeal" because the garage doors faced the street and they give an unattractive first impression. I suggested a lease-option "rent to own" would help attract buyers. Although that example might be a special situation, there are five primary reasons why som...

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