Why Do Buyers Want to Know Days on the Market?

Hi Debbie Reynolds Thanks for the great blog.  Your last paragraph says it all for me. Ask questions if it has been on the market for a while. If the listing agent cannot or will not answer them...knock on the neighbors door and ask away.

I showed a home recently that looked great in photos but the agent was not sure why it had not sold.  When we looked at it...we opened the door to the attic on the addition...and it was full of snow...and the old roof that was underneath part of it was still able to drain...thus no ceiling damage (yet)...but it made my clients run faster than a hungry kid at the dinner bell....

Congratulations, Debbie, on your feature recognition. This is good advice to share.

In my area if the days on market are more than 4 days then you can visually see why by just looking at the house.

Debbie,

 You are correct about days on the market, we have a home has been on there awhile but everyone wants for below cost, we can't do that it is priced right so we will just wait! Great blog! Congrats on the feature!

I think DOM is very important.  For me, anything over 45 in this market means there is something wrong with the home.  Hate to say it but I don't need to spend my time trying to figure out why other agents are not selling a listing that's been sitting around.  Obviously there's something wrong with it. Nice post Debbie Reynolds .  I don't hear that Q asked as much as other's relating to price such as why are they moving. 

This is a grea blog post Debbie, and congratulations on the feature. 

Hi Debbie: Great post--- I have seen this lately: Owner wants to make sure the public does not know how long its been on the market. After overpricing it and having it sit for 2 years I come on the scene and they want me to be the one who takes it down--remove it from the system (we don't have an MLS here)  they say and we will give you the listing. Sounds good except theres a big problem: Our listing department will not EVER take down an active listing just to put it back on the market in a few days at a new price...This is a problem from an ethical standpoint and I turned down the listing.  They were still going to be too high in their asking price, by the way ---sad.

I tell flippers all the time...if that fixer upper has been on the market over 30 days don't touch it with a ten foot pole because if it was worth flipping someone with cash in hand would have already snatched it up.

We see this often when it's a property that's hard to finance, so it could be a red flag.

Most homes with excessive DOM has more to do with the sellers and not the agents or the property. Most agents will allow the seller to dictate the marketing terms and conditions just to secure the listing and hopefully, after weeks or months on the market, adopt new terms and conditions that are comparable to its FMV. 

Great post!  Our MLS has a history button and we can easily see when it was listed, when price reductions were done and for how much, if it was previously pending when it came back on market and more.  It is a very helpful tool.

When considering a home versus an automobile, the time its for sale is similar. Consumers will normally ask about this.

In a seasonal/vacation area (such as mine) days on market can be huge, many times close to a year. We constantly have to educate folks as to the reasons why.

Of course there is always the over-priced ones...

It's human nature to suspect something is wrong if a product is not selling. Nobody else wants it, why should I?

Increasing the chances of less DOM is something stagers promote when marketing our service.

QuickBooks Technical Support Phone Number +1-888-307-3506

QuickBooks development is supposed to manage fund, stock, offers, and other accounting specifications for companies. You may experience various Quickbooks Support Number,Quickbooks Support Phone Number specific problems while using it. Now and again, you will require help while using QuickBooks. In this way, Professional Support for your business accounting development is crucial.

Quicken Tech Support Number

Animate Support contact variety is a 24*7 +1-888-307-3506 helpline. Customers from USA/CANADA can implement Speed up allow phone to variety at Quicken Support Number,Quicken Support Phone Number whatever point they want. We have Plenty of high energy clients who are making the most of our Speed up help advantage. Animate help contact Support will affiliate you to a stay personal via phone.

Sage 50 Customer Support Phone Number

SAGE Company offers day in and day out help and support for USA and Canada client they can call  .Sage 50 is a business administration programming that is absolutely +1-888-307-3506  membership based item by Sage. The work area and the online Sage 50 Support Phone Number,Sage 50 Support Number adaptation of the bookkeeping programming are across the board simple bundle. The product offers a trial form before putting on to this product.

We will enable you to set it up, import information from whatever framework you were utilizing beforehand, and answer any inquiries with respect to its usefulness. To find solutions to your questions, call us on our Quickbooks Technical Support Phone Number bolster number to investigate an issue rapidly and return to work. A manual is incorporated with your buy and ought to be adequate in helping you tackle both equipment and programming issues. Quickbooks Customer Support Phone Number we unhesitatingly wager that you won't have any desire to angle the booklet out with your clients observing just so you can recover data on the best way to investigate such a little issue like a paper stick.

The Quicken Customer Service Phone Number +1888-336-0774 contact can likewise help you with opening circumstances and different points of interest of your neighborhood store. Numerous individuals like to go into a store before purchasing a costly thing with the goal that they can have a show of the item. In Quicken Tech Support Phone Number  the event that you are purchasing revive something for versatility you will need to lift it up and hold it to ensure it is appropriate for what you require.

Sage Premier Support Number +1888-336-0774 bookkeeping bolster offers every minute of every day quick premium Sage specialized help on Sage For MAC Support Number basically via prepared and qualified specialists to enable you to download Sage, set up and make organization information documents in the two windows and apple Macintosh PC.