Don’t overlook the homes that have been on the market for a while.
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I remember not too long ago that when we put a house on the market, it would be 30 to 60 days before it went under contract. Nowadays, if we put a house on the market on a Wednesday, we’ll have multiple offers on it and it’ll usually be under contract by Saturday.
When a house lingers on the market for more than 30 days, it stagnates; buyers either forget about it or assume something must be wrong with it. If you’re having a hard time finding and securing the right home in this crazy market, you might want to go back and look at all the houses that are still for sale. There are several reasons houses like these might still be on the market.
“Take a look at the houses that are still on the market, because there might be a hidden gem waiting for you.”
Perhaps they featured terrible photos when they were first listed, but now that everyone’s forgotten about them, they have new photos that look great. Or maybe their price has changed and is more in line with where it should’ve been in the first place. Maybe it’s something not so tangible—e.g., the seller was still emotionally tied to the house and didn’t want to accept any contract offers. Now they might be more open-minded and ready to sell.
In any case, take a look at the houses that are still on the market, because there might be a hidden gem waiting for you. You might even be able to offer a little less and get a great deal.
If you have questions about buying or selling, give me a call. My team and I are on standby seven days a week, 9 a.m. to 8 p.m. ready to assist you.