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Why is my house not selling?

 

Here in Miami Shores I get asked this question a lot?  Why aren't houses selling? Well....Today Rick came up with this great article in MSN Money called 6 Reasons Houses Don't Sell by Bankrate.com. (yes, it was Rick...no chuckles please). Make sure you read the article, our own Lenn Harley was quoted! 

 

 

The 6 Reasons Houses Don't Sell, according to Bankrate.com are:

1.  Your home is overpriced

2.  Your home doesn't "show" well

3.  You're in a bad location

4.  You have a lousy listing agent (I thought this one was a little harsh but really Laughed!)

5.  You are battling competition or market conditions

6.  You have ineffective marketing

All sellers should be looking at this article, it is clear and to the point and will help you understand some real estate adversities.  The reason your home is not selling could be one or a combination of any of these.  There are some that cannot be remedied like location, but the rest are within your control.

For more Miami Shores Real Estate tips and information, please visit RICK & INES at www.YourPropertyPros.com

 

 

 

22 Comments on Why isn't my house selling?

This is an example of a LIST FORMAT post.  Don't miss Paul Chaney's explanation of BLOG FORMATS. 

04/18/2007 09:55 PM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


Ines, how about, your house really smells and I am even afraid to touch anything.  Do you think I would need to get a little more to the point :)

04/18/2007 10:00 PM by George Souto (McCue Mortgage Co.)


Ines I am sure some sellers still would miss the point, especially regarding price.

04/18/2007 10:05 PM by Jennifer Fivelsdal, Rhinebeck NY (Keller Williams Realty)


George - ROTFLMAO!  I think that was Cristal Clear!

Jennifer - you're right - as much as we can say "don't overprice" - a lot don't think it applies to them.

04/18/2007 10:15 PM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


Ines (chuckle-chuckle, sorry, can’t help myself—‘cause you told me not to): From what I gather, listening to Realtor®-Broker-Bloggoddess Teresa (and reading other’s stories here on AR), most sellers will believe #4: “You haveactive rain|active codgers, your active fans image a lousy listing agent” to the exclusion of the rest of your points. I suspect #’s 1 & 2 are more common reasons—that are not considered by sellers-of-difficult-properties.

 

Jay

04/19/2007 04:26 AM by Jay Merton & Medford Ambrose, the Codgers (Retired Handymen)


Ines - great list and right to the point.  You're right, those are the reasons why a house just does not sell.  And I would agree with your point about location - that can't be changed, but there are ways to try to compensate for that in other ways.

Ann

04/19/2007 08:22 AM by Portsmouth NH Real Estate ~ Ann Cummings (RE/MAX Coast to Coast - Portsmouth New Hampshire)


Jay - you are correct!!  Sellers usually overlook number 1 and 2 (that could NEVER be the reason)......how do you always make me laugh?

Ann - you are right, when in a bad location, you can always compensate with other things, lilke lowering the price, adding more incentives to sell, adding upgrades - that's why it is important that sellers deal with good local real estate agents that know the market and know the competition.

04/19/2007 08:33 AM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


I found a way to overcome reason #3. Here it is. Hope you understand I'm just having fun. Enjoyed your post and like the format.

04/19/2007 08:35 AM by Yvonne Root Northern Arizona Home Stager (rooms b.y. root)


Yvonne - That was great!!!  "If in a bad location....do not worry.....we will move the house for you" - thanks for the laugh!

04/19/2007 08:46 AM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


Wow!  Jay, Hablas muy bien el Español!!!  Que traductor usas?

04/19/2007 04:14 PM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


Ines: I use Alta Vista's "Babelfish" for my translations. I worry a bit about how well the translator works.

Jay 

 

04/19/2007 04:17 PM by Jay Merton & Medford Ambrose, the Codgers (Retired Handymen)


I made you work Jay - thanks - LOVE those tools!

04/19/2007 04:20 PM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


lousy listing agents???? ineffective marketing???  NO WAY .... I could never believe such a thing... 

tee hee........have a great night

04/19/2007 09:25 PM by Desiree Daniels New Jersey Real Estate (609) 448-2222 (RE/MAX Tri County)


I laughed too Desiree...pretty funny, no?  Have a great night as well.

04/19/2007 10:21 PM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


Robert - I think that's the reason MOST of the time, but not ALL of the time.  I have a listing priced right from the get go, below comps and way below competition, being marketed everywhere, but the location is not good (near a train track) and the house is vacant and the owner does not want to spend money staging it.

04/20/2007 08:35 AM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


I think most listings right now have all those reasons they do not sell,LOL!

I have awaken again!

04/22/2007 03:34 PM by The Masked Blogger Rides again (From Parts Unknown)


MB - is that from a real estate perspective, from a mortgage perspective or from another "real estate related inustry)?

04/22/2007 08:49 PM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


Great tips and straight to the point. This is good information for both agents and clients as both can be holding back the sale of the property. It's sad to see a Realtor get blamed for a property not selling when a client refuses to their end with agreeing to the proper price, or making the necessary modifications to allow for good a showing of the home.

05/08/2007 01:54 AM by Abraham Chaffin - Cambria Real Estate (Sand Shell Realty)


my agebt is a weirdo she wants to know when i go out of town. whats that about? any of your aligators know?

07/10/2007 10:59 PM by HI there


(CORRECTION) My real estate agent is a real weirdo, she wants to know when i go out of town. Whats that about? As if it was any of her business. Any of you aligators know?

07/10/2007 11:01 PM by 3rdeye


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Real Estate Agent: Rick & Ines - Miami Shores Real Estate (Majestic Properties)
Rick & Ines - Miami Shores Real Estate
Miami Beach, FL
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Majestic Properties

Office Phone: (305) 758-2323
Cell Phone: (305) 206-9366
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