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Why are some properties on market for soooo long?
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Sometimes the agents forget to remove them from rightmove. I called up about a property once that had apparently been up for sale for a year and they told me it had been sold a long time ago.Otherwise it’s possibly price, sellers asking too much but won’t budge on their price. Bad adverts, photos. A saturated market - where I live there are thousands of flats but not as many houses so it’s hard to make one 2 bed flat stand out against another 2 bed flat.0
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Same here. It was only on the market so long because it got right through to the point of exchange before and the buyer got gazundered by their buyer and couldn't afford to proceed. It was then reduced and I managed to nab it with a fairly cheeky offer. I'm head over heels in love with it and got it for about 12% below the lowest valuation so I'm absolutely chuffed to bits. A few things on the survey but more than covered by the difference in value and offer.eidand said:
Absolutely right. the one I am buying has been on the market for a full year. Decent price, Very decent plot and room sizes. I am quite happy that no one else bought it. The survey was very good so I am quiet chuffed.lingvolingo said:It can depend on the area. Some areas don't have a lot of buyers and sellers which can make for a slow market. I'm in one of those areas. It's not uncommon to find houses on the market for years. There can be other reasons too. As mentioned above, it could have been under offer but the chain fell through. It may be that there are unseen major issues (structural for example) that make it undesirable. Or maybe the asking price is too high. People also tend to question why a house has been for sale for so long and assume there may be something wrong with it so they are put off by it which in turn, makes the house stay on the market even longer!1 -
I was on the market a long time because two sales fell through, one in May, one in September. If I ever sell again I'd be very reluctant to take the property off the market.£216 saved 24 October 20140
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