This blog gets directly to the point. "DLPFC" controls the sale of real estate. When an MLS listed property does not sell, one or more of the factors below are responsible.
Sellers Need to Understand the Concept of "DLPFC"
D - DEMAND. Without it, there are no buyers and no sales.
L - LOCATION. Location affects demand. Even great locations are subject to micro-location factors that affect demand and pricing.
P - PRICE. Rational price support must be generally supported by individual property facts and COMPS. Get this wrong and demand drops and listings languish on the market unsold.
F - FLOORPLAN. This is an underestimated factor. Not all floorplans have the same value. Identical homes (same floorplan), one having 3.5 baths and the…