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Buying Homes that Others Pass By
Overpriced homes The main reason why a house doesn't sell is because of the seller's inflated asking price. Potential buyers skip over these overpriced homes in favor of more competitively priced homes. Buyers often don't even think of making an offer on these overpriced homes. They assume that the sellers aren't willing to accept a much lower offer. This might not be the case. The sellers may not even be aware that their asking price is well over current market value. If the house has already been on the market for an extended period of time, the owner might be willing to consider reducing his asking price. You have nothing to lose. If you are interested in buying an overpriced house, disregard the asking price altogether. Offer the seller a price based on what you think is fair market value. You may be surprised when the seller accepts your offer. Unkempt properties Often properties don't sell for insignificant reasons. It could be that the exterior of the house deters prospective home buyers. Unmowed lawns, cracking paint and useless junk in the house may be unappealing. However, you may discover that the home requires only minor, superficial renovations to bring it up ... more

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