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Days On Market-Does It Matter?
Days On Market-Does It Matter?Days on market is a statistic or data point available on our MLS. Buyers usually ask how long a property has been on the market. I know as a negotiating strategy, we maybe a bit more aggressive in a pricing offer if the property has been on the market awhile.I encourage buyers to avoid getting hung up on the number of days a house has been on the market. The real issue should be, is this the house for you and can we structure an offer that will work for the buyer and the seller?What seems to happen in cases where the house has been on the market a short period of time is buyers does not want to act too quickly. There maybe something else out there better than this one and if we wait awhile, the price on the house in question maybe reduced. Wrong strategy if you like this house. Better to make an offer, with a reasonable price now than to wait. If you like the house, chances are someone else will snap this one up before the price is reduced.Now for the houses that have been on the market awhile, the buyer's ... more

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