Categorized | Home Buying

Tags :

Who Cares?

Posted on 20 August 2007

Why is it that buyers ask, “How long has it been on the market?”  Who cares? If they like the house and it’s been on the market forever, does that make them not want to buy it?  Yes, it does.  We all want approval and acceptance. 

“Oooo, multiple offers!  Others want what I want.  It must be good.  Let’s offer over asking.” 

When houses were selling within a week, everyone wanted a house.  Now that houses are priced well and buyers can think about their decision without the tremendous pressure of competition, they’re going to wait it out.

Wait what out?  There’s no multiple offers.  Interest rates are amazingly good.  (I remember 18%. Not for myself; I’m too young.  But I do remember it.)  Sellers are finally realizing that they’ll have to negotiate.  Loans are available to the qualified.

The second selling season of the year has begun.  Get busy and buy that house before someone beats you to it.  You have permission.  Buy!  Buy!  Buy!

This post was written by:

Vicki Moore - who has written 173 posts on San Mateo Real Estate - Call Vicki!.


Contact the author

1 Comments For This Post

  1. Lani says:

    IMO, days on market is as relevant as how to spell the Listing Agent’s last name.

Leave a Reply