Attention Pasadena Sellers: Homebuyers Are Looking at Your DOM
Be prepared Pasadena and San Gabriel Valley area home sellers: homebuyers are looking at your DOM. Huh? Duh, da, duh...DOM...DOM. DOM, you say? Yes, that’s real estate shorthand for days on market. Days on market = the length of time the home has been on the market for sale.
One of the first questions I am asked by every home buyer is the number of days or the time a particular property has been on the market. The longer the time on the market sends a signal -- overpriced, undesirable....second thoughts may set in...what’s wrong with this house?? Hmm, so you think you are smarter than that -- you’ll cancel the listing and start fresh. Not so fast -- our local multiple listing service(MLS) has a field that buyers see -- CDOM -- cumulative days on market. This is the time period the property has been on the market for sale over the last year. This number reflects the market time regardless of change in listing brokerage and price changes.
So, Pasadena/San Gabriel Valley home sellers be mindful that homebuyers will ask about your DOM. Are you a homeowner who is considering selling your Pasadena/San Gabriel Valley home and want to learn how to shorten your DOM. I can answer these any other real estate questions and can be reached at 818.516.4393 cell or firstname.lastname@example.org