Longest on Market First
Searching for longest on market homes may seem counter intuitive, many buyers seeing the same home turn up in their searches again and again begin to wonder “what is wrong with that house?”. In all likelihood, nothing. An old rule of thumb in the Real Estate industry is, if a home has been on the market 30 plus days, at the same price, and has yet to go under contract it is most likely listed too high. For this reason, searching for longest on market and even slightly above your price range is a good idea. Sellers are selling their home for a reason, bottom line- they want it sold. After an extended time on the market with few, if any, positive results they may be motivated to entertain an offer below their list price. Searching for those homes longest on market, homes that other buyers have passed on and stopped considering, may lead you to your dream home!