3. You’re Unable to Lower Your Price and Compete with Other Homes

If your property is priced higher than similar homes in the area, buyers may have little interest in your property. Lowering your asking price or offering other incentives is one way to compete. But if neither is an option, your house may sit on the market for several months or years. After a while, taking your house off the market and paying down the mortgage loan make sense from a financial standpoint.

There’s Too Much Demand
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