I have radiator heating with oil tank (above ground) in my home which I put on sale. It's been 44 days now and I have not gotten any offer. Most of the people don't give specific reasons for denying but give general reasons.
At this time I started thinking that it might be radiator heating plus oil tank which is causing problem.
So please help me if I'm correct or not.
I would appreciate any suggestion or help.
Fuel oil and hot water heat is common in that part of the country. I'd look at your ask price if you're not getting interest in the property.
See if your realtor can contact the folks who have visited...and speaking of which, have you gotten a lot of visits?
Is this property a SFH or MFH? I'm assuming a wise investor would work with you to get it removed if it was a problem, but a "forever-home" buyer would be afraid.
Even still...and I'm biased...if I want the place I'm negotiating on things I consider to be a problem. As @John Teachout said typically no nibbles and no offers means you are overpriced.
The oil tank should only cause concern to people when its buried. Above ground tanks are fine because they can be inspected easily.
It has nothing to do with your oil tank or radiators, they are very common and sell daily. There is a 99% chance it is because you are priced too high. Did you pick the realtor who told you he could get you the highest price or did you pick the one that was good at their job and had a track record of selling properties quickly with happy clients? What has the realtor told you the reason it isn't selling is?
@Harpreet Singh 9 times out of 10 if you are not getting any specific feedback on why people aren't interested it is the price.
To add an example I'm familiar with, our neighbor across the street put their house up for sale. They spent a few months working on it and improving various things, mainly cosmetic. Lots of "heart and soul" into it.
They put it on the market at a price that I would consider to be, easily, about 40k above any other comp.
They had 2 open houses and a few visits...and nobody even bothered to offer. Their agent did them a disservice or they all knew what was going to happen (looking for the 1 in a million buyer, not caring about the data or neighborhood to put up that kind of money) just to "test it"
So ask yourself this question...are you testing, or are you selling? If you're selling, take a good, hard look at your price and area comps and see if you can be more competitive. Just because its a sellers market doesn't mean people are overpaying.
@Harpreet Singh in the Pacific Northwest where it is damp for long periods of time radiant heat is far superior to forced air (we also don’t really need air conditioning , although that is changing with global warming) so having forced air isn’t as needed. It is a dry heat and much more ‘even’ than forced air
Thank you so much guys for your valuable information. I think based upon your suggestions and the results, it seems like price is the factor. I am decreasing it to genuine now. I realized it was overpriced. My agent actually told that it did not hurt to put it at higher price.