Oftetimes buyers don't consider even looking at the property which is on the market too long. In many cases this leads to a missed opportunity. Those who do not hesitate to look and dig into the source of "why" it did not sell are in a position to find "how" to get a great deal!
I took a listing a month ago in Newton on a brand new house which a year ago had an issue preventing it from being sold at $1.4 and then $1.3 million. The issue since have been solved, the house now has more completed and usable space and the price has dropped to $1,230,000. Every prospective buyer and realtor who came to the house during the month, was visibly impressed by finding more good things that meet the eye in a listing sheet, yet the buyer's fear of unknown issues may blind them from seing a fantastic buy and making an offer.
I'd be curious to hear success short stories from realtors, buyers and sellers about buying or selling a property which has been on the market "too long" for most to risk making an offer on.
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