The First reason a house
won't sell in a good market is location. Such things as undesirable
schools, a higher crime rate, filthy-messy neighbors, a busy road,
or noise pollution (i.e. beside a busy railroad track or under a
flight pattern) can mark a bad location.
Fred's location was good. There were no real negatives to affect
his sale.
However, if your house is located poorly, the only thing that can
compensate is a lower listing price. In order to sell a house in
a bad location, the owner would have to ask for less than what similar
homes in more desirable areas have sold for. Favorable terms could
also help sell your house, especially if you are in the position
to offer owner financing or a lease with options.
A good REALTOR will be savvy enough to recommend a good strategy
and overcome a bad location.
2.
Condition