Home Buying in 33980>Question Details

Geoff Seato, Home Buyer in Toronto, OH

In Zip Code 33980 a Mfg.Home / property has not SOLD in OVER 3 years (according to Zillow web page) .What are some of the problems ?? Thankypu

Asked by Geoff Seato, Toronto, OH Tue Mar 16, 2010

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5
The main reason a property have not sold is because the price, price , price. Sometimes the property sold but the website has not update the info.
0 votes Thank Flag Link Wed Mar 24, 2010
Very likely the property (as an example only) is now worth $100k and the owner owes $250k. For some reason the seller will not take the market price. Wonder why?
0 votes Thank Flag Link Wed Mar 17, 2010
The major reason a property does not sell is the asking price is greater than the market value of the property. Some other factures may be condition and location.
0 votes Thank Flag Link Wed Mar 17, 2010
There's really too many variables here to answer correctly or provide real information. Jason was correct, many of the 3rd party sites do not update as regularly or accurately as our MLS. If you are saying it's been listed but not sold after 3 years on the market - it could very well be the price. If they came on the market 3 years ago too high, they could be chasing the market down and not caught up with current values as yet. There's the possibility of deals falling through if buyers couldn't get financing, without knowing the facts behind the property, anyone of us that answers would just be "guessing". If you have more information would be happy to investigage.
Web Reference: http://www.kelligroup.com
0 votes Thank Flag Link Tue Mar 16, 2010
I'm sure the house has sold but the record was never updated on zillow. These third party websites sometimes don't do a very good job getting up to date info. If you give me the address of the property I can give you a better idea of what is truely going on.

Jason Stevens
Kevin Flynn Realty, Inc.
Email: jasonstevens@embarqmail.com
0 votes Thank Flag Link Tue Mar 16, 2010
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