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

By
Real Estate Agent with The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803
 
 
Long Island Suffolk County Buyers Ask ~ Should We Look At A Home That's Been On The Market A Long Time?
 
If we told you a house in Suffolk County Long Island had been on the market for a long time in a neighborhood you were interested in, would that affect your decision?
 
It shouldn't...
 
Buyers may think that if a house hasn't sold and has been on the market a long time, it must be because the house may have some serious issues.
 

What we notice in Suffolk County Long Island is that when a house has been on the market a long time, most of the time it's because the price wasn't right for the area or the condition.

 

Our Suggestion To Home Buyers: Do not let a number of days on the market distract you from a possible great house.

 

In Suffolk County Long Island there can be other reasons besides something being serious wrong to keep a house sitting on the market.
 
For instance, it may have been difficult to show because tenants were living there. It may have been listed during minor repairs which may have alarmed some buyers. Maybe the sellers made it difficult to be seen. If the home cannot easily been seen, there will be missed opportunities in getting the house sold in a timely manner. Sometimes Sellers aren't serious about selling and just want to see if there is any interest in their house. Maybe when the house was first listed the weather was inclement. There are Sellers who won't negotiate no matter what someone may offer and Buyers can get discouraged and look elsewhere. 
 
Many different scenarios for a house to be on the market in Suffolk Count Long Island for an extended amount of time.
 
If you like the house, then you should like the house!
 
Don't dismiss interest in a house that's been lingering on the market a long time. Be open-minded. A great house may be waiting for you that has been overlooked by others.
 
Don’t let the number of days scare you away!
 
Lawrence "Larry" & Sheila Agranoff can help you as their Buyer Client to determine why a house has been sitting on the market, and can sell you a Suffolk County Long Island home or condo.
 
Call our Cell: 631-805-4400.
 
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                                                                   Cell: 631-805-4400
                                                             We Welcome Your Call
 
 
Lawrence "Larry" & Sheila Agranoff are more than just Real Estate Agents. To attain the designation of REALTORS®, we have proven to be more knowledgeable & experienced, above and beyond the average requirements. Being part of the network referred to as REALTORS®, you can be sure we will cater to your Real Estate needs with superior professional practices.

 

 

 
 
If your home is listed with another broker, this is not a solicitation of property. This does not suggest broker has property currently available. Reproduction of text/images contained herein without the express written consent of the authors is strictly prohibited.Sale May Be Subject To Term & Conditions of An Offering Plan.Disclaimer: While information is believed to be accurate it is represented subject to errors, omissions, changes or reliance on information & must be verified by prospective consumer. The authors disclaim liability for any damages/losses, direct or indirect resulting from anything contained herein or the accuracy of comments or opinions of visitors.​©2008-2020

 

 

 

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Topic:
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New York Suffolk County
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Rainmaker
3,377,717
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

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... 

Feb 11, 2020 04:33 AM #1
Rainmaker
3,125,626
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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

Feb 11, 2020 05:09 AM #2
Rainmaker
2,803,519
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

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.

Feb 11, 2020 05:50 AM #3
Rainmaker
3,556,416
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

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...

Feb 11, 2020 06:20 AM #4
Rainmaker
5,688,259
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Feb 11, 2020 07:20 AM #5
Rainmaker
3,297,764
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Thank you for your comments on Long Island Real Estate!

Feb 13, 2020 08:57 AM #6
Rainmaker
3,819,787
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

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

Feb 15, 2020 05:20 AM #7
Rainmaker
1,530,978
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

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. 

Feb 15, 2020 05:54 AM #8
Rainmaker
452,660
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

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.

Feb 15, 2020 12:17 PM #9
Rainmaker
707,917
Laura Filip
Laura Filip Broker , Opening doors for All Seasons of Life - Whitesboro, TX
What can we do for you today?

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. 

Feb 15, 2020 02:16 PM #10
Ambassador
866,246
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

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.

Feb 15, 2020 06:31 PM #11
Ambassador
4,167,673
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

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

Feb 16, 2020 11:11 AM #12
Rainmaker
662,636
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK
Our market is not fast and people from the lower 48 just dont understand that sometimes things sit on the market for a long time You gave some good reasons why that sometimes happens We had one the other day had been on the market 224 days... got 3 offers in 24 hours... never fails!!
Feb 16, 2020 09:37 PM #13
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Rainmaker
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