Often Buyers ask: Why isn't that house sold?

One question that buyers often ask me when we first meet, notably, in today's busy market is: Why hasn't that house sold?  Let's look at some of the most common reasons why a house may not be selling and what you, as a buyer can do to take advantage of these situations.

  1. Overpriced

One of the main reasons a house may not be selling is that it is overpriced. Sellers may have unrealistic expectations about what their home is worth, leading them to set an asking price that is significantly higher than the market value. This can be a turnoff for potential buyers who are looking for a fair deal. However, this situation can also be an opportunity for a buyer to negotiate on a house price rather than compete with other buyers and pay over asking. Work with your Realtor to make an offer at fair market value and see if you can negotiate that price down. 

  1. Condition

Another reason why a house may not be selling is that it is in less than ideal condition. This could mean that it needs significant repairs or updates that the seller is unwilling or unable to make. Again, this can be a turnoff for many potential buyers who are looking for a move-in ready home. However, if you're willing to invest some time and money into fixing up the property, you could get a great deal on a home that would otherwise be out of your price range. Just be sure to do your research and get estimates for any repairs or updates before making an offer.

  1. Location

Sometimes a home's location can be a dealbreaker for buyers. It could be in a less desirable neighborhood, or it could be situated near a busy road or other sources of noise pollution. While these factors may make the property less attractive to some buyers, they may not bother you as much. If you're willing to overlook the location of the home, you could potentially get a great deal on a property that is otherwise in good condition and meets your needs.

  1. Poor marketing

Finally, a house may not be selling because it is not being marketed effectively. This could mean that the seller is not using high-quality photos or descriptions in their listing, or that they are not promoting the property effectively through social media or other channels. You can work with your real estate agent to find these hidden gems and make an offer that reflects the property's true value.

As a buyer, these situations can present an opportunity.  Look beyond the days on market and see how you can make that work to your advantage.  Work with a knowledgeable real estate agent and do  your due diligence. Again always take into considation the cost of  repairs, and weigh the pros and cons of the home's location before making a final decision. With the right approach, you could be on your way to owning your dream home at a price you can afford.


New property listed in 2-Halifax South, Halifax-Dartmouth

I have listed a new property at 1036 Marlborough Avenue in Halifax. See details here

Welcome to this charming, well-cared for home in a prime South End location. Set on a quiet street, the western exposure provides great light throughout the home. Many original features including hardwood floors, woodwork and French doors. Main floor with generous living room has a wood-burning fireplace, a den/office, and a spacious kitchen with eat-in dining area and door to back garden. Upstairs there are 3 good-sized bedrooms, all with ample storage and original bath in excellent condition. The lower level offers an oversized bedroom or rec room plus a full bath, utility and laundry room. Detached garage could suit a variety of uses. Wonderful curb appeal and west facing backyard, perfect for those who love to garden or for children to play. Marlborough Avenue is an easy walk to all hospitals, universities, public and private schools, downtown, and Point Pleasant Park. This home is the perfect place to create lifelong memories. Don't miss your chance to make this house your dream home!


I have sold a property at 287 East Jeddore Road in Oyster Pond

I have sold a property at 287 East Jeddore Road in Oyster Pond. See details here

Escape to the country! Nicely maintained 3-bedroom, 2 bathroom home situated on 3.47 acres of land with some ocean views. Featuring a 20x24 barn, perfect for housing your horses, and a cleared paddock for grazing. Larger than it appears, this home offers a nice floor plan, large windows in the main living spaces make for an abundance of natural light. The kitchen is open to the living room and features newer cook-top, wall oven, and RO water filter. Access the large deck right off the kitchen where you can relax and enjoy the ocean breezes. Convenient walk out lower level offers access to the mud room area, laundry and utility as well as the rec room. Lower level also has an additional full bath, office space and 2 other flex rooms – think home schooling, workshop or small business. Outside is a detached garage which is insulated and ideal for a workshop, a wood shed and of course the barn with loft. Home and barn have newer metal roofs. A great opportunity for someone looking to have a small hobby farm, while being just 8 min to the local grocery and 40 minutes to Dartmouth.

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