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.