Questions Buyers Need To Ask A Real Estate Broker - Question 2

By
Real Estate Agent with The Maez Group at Keller Williams Realty

Continuing on with our series on questions to ask your Real Estate Broker when buying a home.

2. How long has the property been on the market?

A house that has sat on the market for more than six months could have underlying issues that are not obvious. It is likely the home has been overpriced.  However, it may have structural issues.  It may need some other major repair or updating work.  Regardless, a house on the market for that long may be more willing to accept an offer that is lower than their asking price.

Comments (2)

Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

I tell sellers that overpricing a home is dangerous because the longer it sits there the more people think something is wrong with it. Yu tell them that it was overpriced before & they still become suspicious. Greed kills.

Apr 15, 2013 11:09 AM
Randy Bocook
Keller Williams Coastal Area Partners - Richmond Hill, GA
Selling Coastal Georgia

Great article Joe. Thanks for sharing.

Apr 15, 2013 04:41 PM