Why hasn’t my real estate sold yet?

5 primary reasons why buyers look elsewhere

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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...