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Set realistic goals: if houses like yours in your area are asking for 0,000. Dont surround yourself with friends who like to foretell gloom and doom. Many people dont know this, but if you were smart enough to have your water heater checked periodically, say so. Be honest. The ethnic factor: if your area has a strong multi-cultural presence, this might be an attraction for newly arrived immigrants in search of a house.
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) This is where wording might clue you into the reasons. Lets take the first ingredient: location. Be honest. How developed is your areas public transportation system? Price, like location, must reflect a houses condition. It demonstrates to them that youve done your sacred duty as seller.
In the world of real estate, there is a huge difference between an old home, and a classic home. Its comparable to the idea of used clothing versus vintage clothing; only on a much grander scale.
If your home is about 40 years old, with 40-year old paint and wallpaper, 40-year-old appliances, and 40-year-old carpeting, then you have an old house, which is hard to sell.
On the other hand, if youve shown that youve maintained your home with an overall established look, but which has been kept fresh and up-to-date, this is a classic home, which is a very appealing style.
The major kinks of the new home have been worked out, the neighborhood is settled, and it has been maintained well enough that falling apart wont be a major issue.