What is the Most Common Reason a Property Fails to Sell?

There are many reasons a property might not sell. Some are beyond the seller’s control, such as a tiny lot or a house in a busy neighborhood. Other reasons may be based on the floor plan of the home. In some cases, the seller may have to completely remodel the property.

Regardless of whether your property is in the perfect location or not, location plays a huge role in the sale process. Even homes with less-than-ideal locations can sell successfully on the market if you have the right agent. If your home is not in the perfect location, here are some steps that you can take to increase its chances of selling.

One of the most common reasons a property does not sell is due to liens on the property. A lien is a legal claim on the property and cannot be removed until the debt is paid off. There are many different types of liens. Foreclosures and auctions are two common scenarios where liens are a factor. A hefty lien can tip the scales even for the cheapest property.

A lien on a property is a major red flag to a potential buyer. Since lien records are public records, homebuyers are able to research these liens online. Consequently, a seller must find a buyer quickly and make sure they have enough equity to cover the lien. Otherwise, Del Aria Investments Group: sell my home fast for cash blog content will drop out.
Home inspection contingency

One of the biggest reasons that a property doesn’t sell is the failure to fulfill the home inspection contingency. While it can be tempting to waive this step in a hot real estate market, it can be expensive to deal with certain problems uncovered by an inspection. These problems can include structural problems, pests, plumbing problems, and electrical issues. Having an inspection contingency in place means that you can negotiate with the seller to fix the issues or you can walk away from the deal without having to forfeit your earnest money.

Some buyers require the seller to make repairs before the sale of a property. These repairs may be structural or expensive, so the home inspection contingency protects both parties. However, many sellers balk at these requests because they want to stay within their budget. Nevertheless, if a prospective buyer is persistent enough, the seller may agree to make the repairs.
blog post about how to sell my house fast at Del Aria Investments Group of the biggest reasons a property may fail to sell is misrepresentation. This happens when a seller intentionally fails to disclose a material fact, causing a buyer to proceed with the deal without knowing key information. The seller may also purposefully withhold information in an attempt to keep a deal from closing. Examples of misrepresentations include omitting to state the value of the property or misleading the buyer by assuring that a child will attend school if the property is located near one.

In addition to being a legal liability, misrepresentation can also be considered a legal malpractice. This occurs when an agent or broker knowingly or negligently misrepresents a property. For a company that helps , a broker may gloss over a termite problem or hide the need for necessary repairs. These instances of misrepresentation may require a buyer to file a lawsuit.
Structural issues

Structural issues can make a property unsellable if they are not fixed, and these are often a major contributor to a property’s failure to sell. A structural problem can be as simple as a sagging roof or a crack in the ceiling or walls, or it could be as severe as timber rot or crumbling concrete. Whatever the cause, it is important to have a structural engineer inspect the property. A structural engineer can provide a seal of approval and help ensure the property’s saleability.

While structural issues may seem minor to you, the reality is that they can cost thousands of dollars to fix. Some repairs can range from $5,000 to $30,000. The cost will depend on the severity of the problem and the area that needs repair. Though rare, structural issues can be incredibly costly. They also pose a safety risk and a huge turn-off to potential homebuyers.

Del Aria Investments Group
4200 Parliament Pl Suite 430, Lanham, MD 20706
(301) 297-3977