After 250 days on the market, Sold. Darn!

By
Real Estate Agent with Atlanta Communities 303302

Real Estate can often be a baffling business, even to real estate agents. To explain, I am working with an investor that buys a home each year, fixes it up, and rents the property. We are usually looking for properties under $100,000 that needs much work.

In the past, we have found and made offers on homes most others did not want. Today, however, the times seem to have turned against us. Several times in the past 3 months or so we have located a suitable property that has been listed for months and months. We like these because they do need lots of work and this is right up my clients alley.

We found one this week that has been listed for 250 days that would work for my client. We started the process of writing an offer. Before we could get very far into the process, the property went under contract. After 250 days on the market. With no activity. Within 24 hours of my showing the property. Darn.

I am now starting to look over my shoulder when I show homes. I get the uneasy feeling that I am being followed! Seems like as soon as I find a property that has been on the market forever with no interest, 50 agents come out of the woodwork, clamoring for the same property!

Just another interesting note about the Real Estate market as seen by me at den Boer Homes.

Posted by

Peter den Boer, Associate Broker, Realtor

Atlanta Communities Real estate Brokerage

 

Ph. 770.713.1545

www.denboerhomes.com

 

I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Peter. Does it not appear that sometimes the search for the right property is cursed? Enjoy your day!

Jan 18, 2019 05:17 AM #1
Rainmaker
3,632,752
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Peter. 250 days is a very long time. Perhaps others saw it as well. Maybe go to less old listings? Sorry.

Jan 18, 2019 05:49 AM #2
Rainmaker
920,467
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Real Estate can be tricky sounds like the homes weren't in a lineament for you and your client. I have had that happen to me several times. Been on the market for ever my client wants it and boom another offer beats us. Best of luck.

Jan 18, 2019 06:00 AM #3
Rainmaker
1,941,483
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Peter - does seem strange. I hope it is only a coincidence. 

Jan 18, 2019 06:30 AM #4
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Peter den Boer

MBA,GRI, Associate Broker, Realtor
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