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Why Hasn't My Home Sold Yet?

By
Real Estate Agent with Long & Foster Real Estate, Inc.

 Book, Saint Joseph

If your home is on the market, in Maryland or anywhere across the USA, do you know why it hasn't sold yet? 

Without seeing your home first hand, I can't even guess.  But I can give you some food for thought based on many years of experience. 

 

When there's a six-month supply of homes for sale, like today, it's a buyers' market - that means market conditions are more favorable for buyers than sellers.   Some homes are selling, and no doubt there's a good reason why they sold when others did not.

Burying a statue of Saint Joseph in your yard is probably not the magic answer you're looking for.  Although some people swear by it, I'm really not sure if that is more of a Superstition or Sales Strategy

The way I see it, all the stars must align just right.  If one or more is "off the mark", a home may not sell in today's market! 

 

Now, to learn the names of the stars and find out who is in control of each, CONTINUE to read the rest of this post at Focus on Crofton.

 

 

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This infoMargaret Wodarmation was provided to you by Margaret Woda, an Associate Broker with Long & Foster Real Estate in Crofton Maryland. Contact Margaret today for general real estate information or to learn how she can help you buy or sell a home in Annapolis, Bowie, Crofton, Davidsonville, Gambrills, and Odenton. 

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Comments (11)

Julie Neerings~Lifting Hearts ♥ Building Dreams~
Agent Referral - Salt Lake City, UT
Wow, Wow and Wow! The stars are definitely aligned in this fantastic post. You go out of your way to provide exceptional information to your consumers Margaret and what a blessing that is for your clients. 
Feb 15, 2008 04:17 PM
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate
Our market has 17.5 months of inventory....I let my potential clients know that upfront so they understand that if it is overpriced they will be added to the long list of inventory.
Feb 15, 2008 11:01 PM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Poor St Joseph doesn't get a lot of respect.  Burying him upside down in a garden probably wasn't what he had anticipated with his good works.  I'll ask my sellers to price there homes realistically and get them in showroom condition before we resort to burying St Joseph.

Feb 15, 2008 11:46 PM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Julie - Funny thing, I went on a lising appointment yesterday with these stars (never presented quie that way before), and the consumers didn't seem all that impressed.  Hmmmm.  Preaching to the choir here, I guess.

Neal - That's AWFUL!  'Glad I'm not selling real estate there.  It's tough enough right here in my Maryland market, without about 6-8 months, depending on the zipcode.

Cindy - So true!  It's really "back to basics" for home sales 101.

Feb 16, 2008 01:09 AM
Fran Gaspari
Patriot Land Transfer, Inc. - Limerick, PA
"The Title Man" - Title Insurance - PA & NJ

Margaret,

Many years ago we had a spec home that was on the market a long time...having heard of some statue burying ritual, but not exactly sure of how it worked, I went out and bought a cheap plastic statue of The Virgin Mary...buried it next to the front porch...the house sold within weeks! Amazing!!! Thanks,   Fran

Feb 16, 2008 03:15 AM
Lisa Heindel
Crescent City Living LLC - New Orleans, LA
New Orleans Real Estate Broker
Poor St. Joseph is buried all over New Orleans.  I think he's working on the backlog :)
Feb 16, 2008 11:04 AM
Thesa Chambers
West + Main - Bend, OR
Principal Broker - Licensed in Oregon
I love the post and the comments are a hoot - I quit figuring our absorption rate a while ago - need to recalculate it - not sure I look forward to seeing it... but I should have a more current number... :o)
Feb 16, 2008 05:18 PM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Fran, a religious man like you buring the Virgin Mary?  Oh, my!

Lisa, So youre saying it's not working because the backlog is still there?

Thesa, You probably don't want to know the truth.  One thing I found interesting was the 10 month absorption rate we have here, YET the homes that have sold were on the market an average of 100 days - longer than 3 years ago, but definately "normal" - So homes are selling, if all those stars I mentioned are aligned.

Feb 16, 2008 05:37 PM
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital
Margaret, I use St Anthony, St Joseph and St Jude.  It has to be pretty serious to get St Jude involved (he's reserved for impossible cases)
Feb 16, 2008 11:31 PM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Margaret.... I have heard that he is buried all over Florida....  it's one thing to have faith and to believe, it's another to follow the advice of a professional.   You do put some good information together.

jeff belonger
Feb 17, 2008 08:31 AM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!
Margaret- Oh, my, he is always sold out all over Florida! Whatever works! 
Feb 17, 2008 09:17 AM