There are many questions asked by prospective home buyers. One of the most common being, “Just how long has this house been on the market?” Usually, once a home buyer hears that a house has been on the market for quite some time, interest is lost quickly. Bringing up the question, what exactly is wrong with this house for it not to have sold yet?

It is a natural reaction to be disinterested in something that no one else wants. But there are usually a multitude of reasons why a house hasn’t sold right away. Let’s look at just what could be causing this too-good-to-be-true house to still be on the market.

Listed Too High

One of the most common reasons for a home to be on the market for a long period of time is it was listed way too high at opening. When a house is first listed on the market, it’s naturally going to see a lot of traffic from the group of buyers that are actively looking for a new home. It is very important that you don’t initially list the home over-price, causing buyers to immediately look for a better deal. 

When a home buyer finds that a home isn’t in their price range, they will head elsewhere, causing your home to sit on the market for weeks at a time without any intriguing interest. Most of the time, even if the price is lowered, the initial buyer’s rush is over, and the damage has been done with no offers on your home.

Difficult Showings

Another key reason that homes sit on the market is that the home is difficult to show. There is a myriad of reasons for this, including unwilling tenants or ongoing repairs. If the home cannot easily be seen, it will make for a lot of missed opportunities for the house to be sold. 

Unreasonable Sellers

Sometimes you will come across sellers, or even agents, who are completely unreasonable. You will find that some sellers will not sell their property for a dime less than what they are asking for it. It could be a ridiculous price, or it could be reasonable, but their inability to negotiate with potential buyers will turn many away immediately. So, unless the buyer is willing to give in to the seller’s demands, the house will sit on the market without interest.

Interested in a Home That’s Been on the Market Awhile?

If you are interested in a home, don’t just dismiss it because of the number of days it’s been on the market. Ask your agent to do some research into why it’s not selling. The sellers could be the cause, or maybe the school district or municipal taxes. Whatever the case may be, every home has a story, and that story could include you. 

Here for All Your Home Needs

Serving over 9 areas across the country, Reynolds EmpowerHome Team wants to help you sell your home! We know that selling your home can be stressful, especially if it sits on the market for a long time. We have a team of experts that are knowledgeable about the local marketplaces and can price it right the first time! 

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We also offer guarantees for our sellers that will give you peace of mind, such as our 100% of Asking Price Guarantee. We will sell your home for 100% of your asking price, or we will pay you the difference*. As we like to say, “Your Price is Our Promise!” If you are thinking about buying or selling a home or even doing both, there is no one better to help you than our team! Reynolds EmpowerHome Team will show you how to sell your home quickly and for top dollar. Call us now at 571-470-5447!