Long Island Home Buyers Ask: Should We Look At A Home That's On The Market A Long Time?

Good morning, Sheila and Larry... it seems that with low inventory, these days people's idea of a house being on the market a long time gets shorter all the time. I've had people ask me why a home has been on the market for so long and it's been on market only for 15 days! I agree that DOM should not be a sole determinant in choosing a house... 

I love your blog this morning Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 . I get those question shere too as home son the market a long time are mostly over priced. Then after "forever" they come down to where buyers start to look

I have had buyers learn their lesson the hard way by mistaking time on the market.  I remember one gal, in particular, we found a home that she really liked and since it had been on the market for a while she wanted to offer less than asking price.  Someone else offered asking price and got the home, she didn't.  Her next offer was stronger and she got the home she wanted.

Hello Sheila and Larry - why not take a look?  Maybe the home has been waiting for YOU!

Carol Williams - I think this is a good candidate for your SCS Second Chance Saturday post.  It's a question that many prospective buyers wonder....possibly wonder about after the decision has been made...

Prospective home buyers will be in very good hands when they seek your professional real estate advice.

Good morning Sheila and Larry. This is soooo smart and very true. I agree completely. Sometimes these sleepers are the best.

I totally agree. There are all sorts of reasons why homes might not have sold yet. Perhaps there ARE problems, but there are a host of other things that might have gotten in the way of a "SOLD" sign. 

Larry and Sheila, I agree with your explanation and encouragement for Buyers not to be deterred by DOM in Suffolk County Long Island. It would be valid in our market, too. It's a very strong Seller's market here, but it's easy to have many days on the market, if it was difficult to show with Tenants in the house. Great post.

Good afternoon to all, the days on market should not make a difference. If the house meets the buyer's needs take a look at it. 

Good points all. People tend to judge a home by its days on market, but you are so right, it may be their perfect house.

You've made some great points - I agree that time on the market should not impact a decision to take a look at a house if it meets the criteria. Yes, sometimes it is a condition or location issue but there are other factors, too.

Jeff