Why Buyers Are Not Looking at Your Home For Sale

If you have a home for sale and no one is taking a look at it, that could mean a lot of things. Before you call your real estate agent in panic, research about the possible causes first. Sometimes, it is not your home that is the problem.

The real estate industry is displaying an amazing recovery in recent years. The low interest rates are making it more affordable for home buyers. The recent problem on the fiscal cliff had been averted because of the one year extension provided by the government. Home prices are not in its all time low but it is still lower compared to previous years. All in all, it is a good time to buy. So why does it seem like no one want to look at your home for sale?

One of the reasons why buyers are hesitant is their fear of foreclosure. Even if there are short sales, the prospect of losing a home discourages them immediately. Even if they have a steady income, they will be hesitating to buy a home for fear of the unstable future. At the very least, they are postponing their buying plans.

Yet another reason why your home for sale is still in the market is the buyers are waiting for the bottom prices. This is somewhat related to the previous fer of foreclosure. Current median sale prices are a bit high and it is, after all, still a seller's market. Given the recent threat of the fiscal cliff, people are making sure they can afford the price of the home that they want to buy. They could be waiting for the right home to be sold that fits their budget perfectly.

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