Baton Rouge Housing Trends: Why do some houses sit on the market while others sell?

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers: Why do some houses sit on the market while others sell?  

Baton Rouge Housing Trends: Why Do Some Houses Sit On The Market While Others Sell?

Here’s an interesting video by Jay Papasan, Vice President of Keller Williams Realty.  We see “Jay” on the month “This Month In Real Estate US: November 2010” videos on YouTube.  In this video, Mr. Papasan explains why some houses just sit there on the market while others sell, which is an appropriate topic for locals now that the expiration of the Federal tax credit means a lot homes locally are just sitting.  

 

Baton Rouge Housing Trends: Why Do Some Houses Sit On The Market While Others Sell?

I thought his explanations were helpful explanations. The visual displays of these concepts of his x/y axis were helpful as well.  Word pictures alsways help me understand more clearly.  

What experiences have you had to to what Mr. Papasan is explaining?  Is it reality locally in your market?  Any ideas on what it would take for homes to sell faster?   Are locals just waiting for a bottom before buying or is there something more going on in their psyche – more of a concern about what’s taking in Washington, DC than a concern for the Baton Rouge economy maybe?

You can follow Jay Papasan on Twitter at @jaypapasan, and on Facebook @ http://www.facebook.com/jaypapasan . Mr. Papasan is also coauthor of The Millionaire Real Estate Agent, The Millionaire Real Estate Investor & SHIFT.

Image credit: Turnkeyflyers.com

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Baton Rouge Housing Trends: Why Do Some Houses Sit On The Market While Others Sell?

About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500