In doing my customary review of the MLS inventory I ran across 2 houses…Both over 1M in list price that just today went under contract. That’s always a good thing but I have a question…One was for sale for 502 days and the other for 433 so I ask this…HOW does an agent convince a seller (And a sellers price point is immaterial) to allow the listing to stay with them for that long!?
We routinely list property for 6 months, the standard listing contract timeframe…In todays market if a house has not gone under a contract in 45-60 days (sooner really) then there is only one thing in the way…PRICE!
Every week/month that a seller is “Fpr Sale” is costing them money, for a house they apparently don’t want any longer…Taxes, insurances, mortgage payments, HOA fees, ongoing maintenance…Seems to me that pricing a property correctly from the start will make a seller more money, quicker AND make the selling agent’s task list more manageable.
Time, as they say…IS MONEY!