Property Q&A in Tyler>Question Details

Shirley, Home Buyer in 78611

Why has this house been on the market since 2007?

Asked by Shirley, 78611 Thu Feb 26, 2009

Is the builder building others?

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This question is about this property: http://www.trulia.com/property/1026054996-509-Dunmore-Dr-Tyl…

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Shirley,

I took a look at this property and comparables to it in the area. The best determination I can make is that although it is priced similar to others sold in the past 6 months, the constant bombardment by the news media about how bad the market is has put doubts in the minds of home buyers and they are pulling back on purchases. This leads to homes remaining on the market for longer periods of time. As to why this house hasn't sold, others in the area were chosen over it and it is still waiting for the right buyer to come along. If you would like more information, feel free to contact me.
Web Reference: http://www.EastTexasRE.com
0 votes Thank Flag Link Fri Feb 27, 2009
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