There are many reasons why some homes listed "For Sale" remain on the market longer than others. Sometimes it can be a busy road and that often means noise that penetrates thru doors and walls. Other times it can be property that is too close to industrial businesses; perhaps the builder has had a poor reputation; maybe it's the zoning or there have been issues with the house that are quite well publicized. Other times it can be the house was totally beat up by the previous owners before it went back to the bank and on the market. These reasons and others can extend the amount of time it takes to sell a house.
Here is what I have always told my buyers when they think they have found the right house that has been on the market for an extended period of time!
"This may really be the house for you. Be aware, the same reason or reasons this house has been on the market for six months, a year, however long it has been listed, is in all probability the same reason or reasons when you go to sell (if you buy this house) it will be on the market for an extended amount of time all over again".
What I penned above is almost always true. The one exception from above might be a beat up house can often be restored with some effort and won't be obviously scarred to prospective buyers.
Does this mean you shouldn't buy the house? No, but it does mean, "Buyer Beware". Know that your love for this house, your purchasing it, pampering it and caring for it will probably not speed up the process of selling it all over again when you are ready to move. The same reasons that kept it on the market before will probably keep it on the market for an extended period of time all over again.
David L. Burrows, Realtor®
Envirian of Warrenton, Warrenton, VA 20186
Phone: (888) 673-7866 x119
Credit Tip: Always secure your Mortgage Pre-Approval before going out house shopping. Talk with your Loan Officer to determine if he/she believes you should lock in the rate.
Seller Guidance: I would encourage you to employ a Realtor to help you sell your home. When your agent or another agent is showing your house, go away and let them do your work for you. I also urge you to utilize my FREE SELLERS TOOLKIT before selling your house.
Buyer Guidance: I would encourage you to really check out anything and everything you are told by a well meaning seller. Employ the services of a Buyer's Agent to help you discern what you read and listen to about the area you are thinking of calling home. I would also urge you to get my FREE BUYERS TOOLKIT before heading out on the journey to find your new house.
Try this link to help you find your next home: Fairfax Homes For Sale When you land on the main page try one of our custom searches listed on the bottom of the page. No registration is necessary for the Fairfax MLS general search on my site. If you check the box to receive automated updates sent to your email, you will be required to give us your name and a valid email address.
Northern Virginia Information - Here you will find answers to your questions about schools, auto registration, taxes, things to do this weekend, popular destinations. It only takes a moment to look and it is free with no registration required!
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