Number of Days on Market

There's an interesting statistic that many people overlook when thinking about buying a house. It's "number of days on the market" and it's sometimes related to another factor found in our MLS information, "property history." Not to over complicate things, these are 2 areas to check out when trying to find out whether an owner is anxious to sell. This entry today is prompted by a woman who came into the office today and asked "are there any distress sales available?" The answer she was given was, "You don't really know until you make an offer and find out what the owner's reaction is."

And that's the only answer and the right answer. Many owners have a specific number in their minds, and won't entertain anything under that specific number. Other owners have established an asking price which is strictly that......an asking price, but they will reply to offers much lower than that.

Each house and each owner is a different situation with a different set of circumstances. A buyer has to understand that and be willing to work within that framework, as loose and intangible as it is. An experienced agent is always able to steer a buyer through the steps needed to end up in the right place. And in the end, when a sale is consumated, there is a happy buyer and a happy seller.