Days On Market

Your searching through the websites and you see this DOM and you don't know what it really means, but the numbers are always changing.

For those that are not familiar with this term it simply means how many days the home has been on the market from the first day it was listed.
Now is this Good or Bad for you the home buyer when the number gets larger?

There are many ways to look at it. Many say you can get a better deal when the number gets higher.
Others say, "Watch out there could be issues".

Some homeowners will put their home on the market just to see what they could get for it, and let it sit for a while-then take it off.

A few listen to their friends and think they have the Best Property in the neighborhood just because they added a new bathtub and therefore want much more than the market currently supports.

This way of thinking will usually have a negative effect on the selling of the home.

ALL Home Sellers need to understand one very important item -  "The Market Value is what a Buyer is Willing to Pay for for a home, NOT what a Seller Expects to get".

As a home buyer, You should be doing your homework and finding out what the current Pending prices are in your neighborhood.
The more you know, the better the outcome in the long run.

Denice Dobbins-Realtor
DRE 02083129
760 421-6416

PierView Properties Real Estate
DRE 00712580
302 N. Cleveland St.
Oceanside, CA. 92054


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