Usually the reason is price, and price is fixable. The homes worth avoiding are the ones sitting for a reason no price fixes.
Only one of those five is a reason to walk away, and it is the one you can see for yourself standing in the driveway.
A long-listed home has a thinned-out buyer pool — most buyers filter for new listings and never see it — and a seller who has spent months adjusting expectations. You are often negotiating alone, which is the opposite of a fresh listing with five showings booked on day one.
The condition is that you did the work above first. Buying cheaply because everyone else spotted something you did not is no bargain. Is this home actually a good buy? →