Property how long has it been on the market

Login or Join to leave a comment Login Join. New Forum Topics GShopper is refusing repair under warranty. Does Old Genuine Apple Earphone with 3. If a property has just been listed you need to think carefully how to proceed. For instance, if you are the only interested buyer the agent will wait for another buyer or interested inspection before they take your offer to the vendor. Therefore, you need to establish the market value of the property.

The vendor and agent need to believe they have two options. This can be done by making similar offers which have different terms of settlement. A vendor is more likely to accept an offer if there are two offers on the table than if there is just one. There's a number of reasons why a house may be on the market for a long time. It could be that:. In many of these scenarios, the seller is probably anxious to sell and may be willing to accept a lower offer on the home.

This gives you, the buyer, more leverage. If you're negotiating under these conditions, Zillow recommends you consider making an offer at least 10 percent less than the price you ultimately want to pay. You can also ask the seller to pay the closing costs to sweeten the deal. Personal Finance Home Finance. Along with this high listing price, the seller may be stubbornly refusing to lower the listing price. Many times, Zillow says, the first offer on a home comes and the buyer is stubborn on the price.

Sellers should be willing to negotiate their prices in order to get their home off the market. Sometimes the home just doesn't show well. The seller may need professional designer or staging help. Other sellers need to open their schedules to let potential buyers view the property. If a home is sitting on the market for months, the seller may have a hard time getting the home ready to show or making sure their schedule is clear.

If the seller wants the home to sell fast, they should leave the property and let potential buyers come through the home. Sometimes home sellers try to sell their home themselves as a FSBO. Many times these stay on the market for months, simply because home sellers can't make time to show the home because they're at work. A realtor may have taken over the listing when the FSBO gave up on selling the home. Housing Market may be Bad.

Gracee Arther from Ewing and Associates said that more times the long market homes have less to do with the home's condition and more to do with the housing market. The Home is in Bad Condition.