Think About This Before Signing On The Dotted Line For That New House
There are so many reasons as to 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 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®
Northern Virginia Fine Homes
Reston, Virginia 20191
Phone: 703.391.9200 x9119
Burrows Properties
Your Buying thought for the day: Interest rates are still low. Always remember, when interest rates increase, the amount of house you can afford will decrease.
Interested in some great reading on selling your home? Take a look at these articles on my website: Selling Your Home: Where do you begin?
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.
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