How Long Has This Home Been On The Market?
An important question buyers often ask when they find an interesting home is "how long has this home been on the market?"
They usually are asking because they want to gauge the seller's motivation, thinking that if a seller has been on the market a long time, they are more likely to negotiate than if they just hit the market. This makes perfect sense.
Even in today's fiery hot housing market where many sellers are getting multiple offers within moments of hitting the market, there remain some properties that just haven't moved.
Today, we'll address a few important points about market time for listings, but first let's take a look at all the single-family detached homes for sale in Tallahassee, sorted by time on the market (longest first).
Single-Family Detached Homes For Sale In Tallahassee
Market Time Isn't Always What It Seems
Unfortunately, the time on the market that you see on real estate websites is often a lie! Most MLS systems allow listing agents to hide the time on the market by applying a few tricks, the most common one being a simple cancel and re-list. The agent cancels an active listing and immediately puts it back on the market, thus resetting the market time counter.
Builder homes can also be skewed by several factors. For example, THIS HOME shows that it has been on the market for 603 days, but if you read the comments below the listing, you will see that it is being used as a permanent model home for the neighborhood, thus it is not really for sale. One thing I can assure you though when they do decide to sell it, they will cancel this version of the listing and set up a new one, thus it's final time on the market will likely be a matter of days.
Speak To An Expert!
Joe has created a process that was designed to save you money on the purchase of a new home.
His past customers speak volumes (you will see Joe's buyer reviews after you submit the form) on why you should have Joe be your buyer's agent.
Talk to us today about helping you negotiate a better deal, with better terms, when buying your new home. You'll be glad you did!
How To Find The True Market Time For A Home
The amount of time that a home has been listed for sale is available to your agent through the MLS, but you better have a well-trained real estate buyers' agent or you'll likely get the wrong answer.
The MLS shows the same time on the market as do these websites (they get their information from the MLS systems), but with a little extra work, an agent can pull up a history of the home and see how long it has been truly listed. Some homes have repetitive cancellations from more than one agent, so to discover the true market time, it takes a little extra effort from your agent.
I once saw a home that showed it was listed and sold in just two days, but when I did further research, I saw that the agent who finally sold it was the third listing agent and it took her more than a year to sell it. Furthermore, it had been previously listed by two other agents, so when you added that time on the market to the total, the home was listed for nearly four years! And yet it showed a market time of just two days.
The moral of the story here is that there are a lot of things you might not be aware of when you go to buy a home, so having a highly regarded, highly active real estate buyers' agent can help you in ways you might not even have imagined. Take the time to interview agents for the job of helping you buy a home, it will be well worth your time for sure!
Frequently Asked Questions (Answers)
Your Local Expert In Tallahassee
When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.
As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
Have you heard about my new book "The Business of Getting Business?" It's a comprehensive guide for small businesses to help them make the move to digital. For those of us who want to survive and thrive in a world where large corporations are taking over, it is a must-read. It's also the perfect guide for how to sell a home in the digital age. You can find The Business Of Getting Business by clicking on any of the trusted retailers below.
Think all REALTORS are alike?
Read what people are saying about working with Joe Manausa Real Estate! You can see thousands of real customer reviews reported on Google, Facebook and Zillow at this link: CLICK HERE FOR REAL ESTATE AGENT REVIEWS.