What to Do If a House Won’t Sell
Posted by Paul Burrowes on
Whether you are selling in a stagnant or hot seller’s market, the lack of bids on your house can cause frustration and concern. If a property stays unsold for an extended period, the market may perceive it as "stale," reducing the likelihood of a future sale. Some people even end up withdrawing their property from the market altogether.
What duration is too long to wait? Although a definitive answer is not easy, some emotional benchmarks warrant consideration. In a sluggish market, it is typical for properties to remain unsold for six months to a year. The best way to go about it is to examine previous sales of comparable houses for sale in your neighborhood and see if your property has strangely stayed for “too long." Conversely, if your home…
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