This week I have been concentrating on expired listings. In scanning the MLS I have been amazed by the sheer number of expired properties. Many of these were never renewed, they simple fell off the radar. Did the people suddenly decide not to sell? While each listings has its own tale of woe, here are a few themes I have picked up on.
1) It's the price silly--- This is the most common one. In fact most in this category cause a WTF moment. What was that agent thinking listing this home at that price? Six months to a year later, no money was made.
2) Goodness that house is dated--For some reason the agent felt it important to focus the picture on the 1970's wood paneling. And seriously, smurf blue carpet was ugly even in 1985!
3) Access---Granted the first two categories came as no surprise. But this one did peak my interest. Several homes had CRAZY showing instructions. "limited availability, owner needs three days notice". Does it take that long to move a Meth lab?
What are some reasons properites struggle in your neck of the woods?
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