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Why isn't my house selling?

By Rick & Ines - Miami Beach Real Estate

Real Estate Agent with Majestic Properties 3061802

April 18, 2007 02:50 PM

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

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Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

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

Apr 18, 2007 03:05 PM

Rick & Ines - Miami Beach Real Estate

Majestic Properties - Miami Beach, FL

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.

Apr 18, 2007 03:15 PM

Boomer Jack Boardman & Carl McIntyre, the Codgers

Noted Curmudgeons - Saint Paul, MN

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 have active 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

Apr 18, 2007 09:26 PM

Ann Cummings

RE/MAX Shoreline - NH and Maine - Portsmouth, NH

Portsmouth NH Real Estate Preferrable Agent

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

Apr 19, 2007 01:22 AM

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.

Apr 19, 2007 01:33 AM

Yvonne Root

rooms b.y. root - Prescott, AZ

Home Stager - Northern Arizona

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.

Apr 19, 2007 01:35 AM

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

Apr 19, 2007 01:46 AM

Ines: Es mi deber.

Apr 19, 2007 08:24 AM

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

Apr 19, 2007 09:14 AM

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

Apr 19, 2007 09:17 AM

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

Apr 19, 2007 09:20 AM

Desiree Daniels

RE/MAX Tri County - Robbinsville, NJ

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

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

Apr 19, 2007 02:25 PM

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

Apr 19, 2007 03:21 PM

Robert McArtor

RE/MAX Components - Fallston Maryland - Bel Air, MD

Top Listing Agent for Baltimore and Harford County

Quick answer to your Blog Question. "Price"

Apr 19, 2007 03:25 PM

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.

Apr 20, 2007 01:35 AM

The Masked Blogger Rides again

From Parts Unknown - Destruction Bay, YN

Locate Homes for sale in Las Vegas|Henderson, NV

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

I have awaken again!

Apr 22, 2007 08:34 AM

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

Apr 22, 2007 01:49 PM

Abraham Chaffin

Sand Shell Realty - Cambria, CA

Cambria Real Estate

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.

May 07, 2007 06:54 PM

Anonymous

HI there

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

Jul 10, 2007 03:59 PM

#21

3rdeye

(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?

Jul 10, 2007 04:01 PM

#22

Why isn't my house selling?

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