Real estate tip: Things to consider before home purchase

Yes. If the house you're interested in has been on the market for months with no offers, it would be wise to find out if other houses in the neighborhood are taking a long time to sell and why. Ask yourself if the sellers are asking an unreasonable price and why the neighborhood is hard to sell. If it is just a matter of market conditions, the resale value of the property is probably solid. But if the neighborhood is in decline or has difficulty attracting buyers, you may want to think twice about the purchase.

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