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watching
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 Posted: Wed Sep 17, 2014 2:44 pm GMT Post subject: Wicked Local Lexington article on homes not selling |
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Saw this article in Wicked Local Lexington, which seems to be another sign of things changing:
Lexington Living: The real reason your home isn’t selling
http://lexington.wickedlocal.com/article/20140916/NEWS/140917570
| Quote: | By Kristin Brown
Posted Sep. 16, 2014 @ 6:04 am
LEXINGTON
Lately, it’s been a seller’s market. If you are selling a home, a lot of prospective buyers have probably come knocking at your door. And if you’re lucky, you may have even seen multiple offers on your home. If you have had a lot of visits that haven’t panned out, there are several possible reasons that you haven’t seen an offer. Here are five:
1. Your house lacks curb appeal.
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2. You’re in an undesirable location.
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3. Your home is not accessible for showings.
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4. Your agent isn’t aggressively marketing your home.
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5. Your asking price is too high.
This is probably the number-one reason that homes don’t sell. If you’ve priced yourself out of the local market, no buyer in his right mind will be willing to shell out your asking price. Prospective buyers who have done their research won’t even bother booking a showing on an overpriced home. Setting your price correctly in the first place can save you the heartache of having to advertise a price reduction later on. Do your research and partner with your agent when you set your price. It can be tempting to try to get a few extra dollars out of the sale, but if it means that you can’t attract any buyers, an inflated price will get you nowhere. You could actually wind up below what you would have had you priced it right from the very beginning.
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Anecdotally, a colleague went to an open house in Lexington this weekend, and said he felt like he and his wife were the only ones at the showing who weren't speaking English with an accent. FWIW, but that has a 2007 vibe to it. Would be nice if things were actually starting to turn ... |
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admin
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Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
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| Posted: Thu Sep 18, 2014 5:48 pm GMT Post subject: |
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The article seems pretty generic - I suspect it was written without Lexington specifically in mind. I haven't been to any open houses there in a few months, so I can't offer any recent anecdotes of my own, but I agree with your sentiment and hope your colleague's anecdote is a sign that things are getting better than when I eased up on searching (to tend to some family matters).
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