
Ever wondered why the most attractive house in your neighborhood kept for sale doesn’t sell? In a moving market, a home that doesn’t sell is not because of its condition or the location. The main reason why some homes always remain vacant is price. Homes that are overpriced do not sell at all; the reason — buyers do not make any offers on them.
There are various beliefs circling among buyers who do not give a second glance on overpriced homes. Some buyers believe that the seller has deliberately overpriced her home and would be willing to sell less if she would simply lower her price. Buyers also assume that the seller has turned downed low offers and overpriced her house because someone has offered a reasonable price to sell. Some buyers do not make any offer for an overpriced house. These kind-hearted buyers do not wish to offend the seller by offering a low price.
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