This is Jim Smith's personal (political) blog. His real estate writings are posted at www.GoldenREblog.com.
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Wednesday, August 27, 2014
Coming Soon: Split-Level Home on Large Lot Close to Downtown Golden
Price Reduced: Large Townhouse Backing to Evergreen Golf Course
The Top 5 Reasons Homes Don’t Sell, Even in Today’s Seller’s Market
[End of column as published in the Denver Post's YourHub section]
#6 -- Home is hard to show. I wish every agent and brokerage would use Centralized Showing Service, but they don't. Some brokerages still set the showings for their agents, which is okay, but they're not open 7 days a week from 8 a.m. to 9 p.m. like Centralized Showing. (After those hours, agents can set showings on CSS's website.) Worst of all is when the agent saves money by posting his or her own phone number -- or the seller's phone number -- for setting showings. Imagine getting voicemail or a busy signal when you're trying to set a showing for 1 p.m. and it's noon and you have no idea when the call will be returned or the agent will answer his or her phone! Ugh!
#7 -- Home reeks of cigarette smoke. Enough said. Buyers turn around and leave as soon as they open the door.
#8 -- Tenant. My latest failed listing was because a tenant's lease doesn't expire for 7 more months and he/she will not vacate early. An owner-occupant can't get a loan when he can't live there within 60 days. In such a case you have to get an investor loan which typically has a higher interest rate and higher down payment requirement. If the tenant is month-to-month, it's easier, but if the tenant doesn't want to see the house sell, he or she can do all sorts of things to scare off buyers.
#9 -- Location, location, location. I've found that remoteness makes a home hard to sell. With today's high gas prices, it can get really expensive to live far up a canyon or out in the plains.
What are your reasons? If you would like to add to this list, use the comment section below to offer additional reasons that some homes don't sell.
Wednesday, August 20, 2014
‘Love It or Leave It’ — Should You Remodel Your Home or Buy a New One?
Just Listed: Bear Valley Tri-Level Home on Cul-de-Sac
Just Listed: Elegant Belcaro Brick Ranch
Monday, August 18, 2014
Trelora is featured on Channel 4 News at 10 pm today - I am interviewed
Wednesday, August 13, 2014
“Why Isn’t My Home Selling?” Consider Your Selection of Listing Agent
Advantages of Listing With a Golden Real Estate Agent:
Just Listed: Ranch-Style Home Near Golden High School
Just Listed: Mountain Getaway Near the Casinos
28 Pinon Circle, Black Hawk