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re: Real Estate Market
Posted on 4/10/24 at 4:21 pm to AUHighPlainsDrifter
Posted on 4/10/24 at 4:21 pm to AUHighPlainsDrifter
quote:Anytime. It’s really a combination of the two. I’ve got one property that’s been on the market for 6 months, very little change. Showed again today. Shows about twice a month, and it’s a lake home.
I thought you were only referring to the price scaring buyers off, but you were saying that the time on the market, due to the asking price, is scaring them off. That makes sense. Thanks.
1
Posted on 4/11/24 at 8:26 am to llfshoals
Sometimes, people overthink it.
It could have nothing to do with price.
It could have nothing to do with time on the market.
Some homes are difficult to move because of the driveway (too steep). It is the same s/d as other homes that are moving. But "momma" doesn't like the driveway. Or the way the neighbors property overlooks the yard. Or the home in this part of the s/d is too close to the main road.
A personal home is not a commodity based solely on price vs inventory supply. Someone is going to live in that commodity, and if there isn't an emotional connection (the smallest things can hurt that connection), a majority of shoppers are going to keep on looking elsewhere.
It could have nothing to do with price.
It could have nothing to do with time on the market.
Some homes are difficult to move because of the driveway (too steep). It is the same s/d as other homes that are moving. But "momma" doesn't like the driveway. Or the way the neighbors property overlooks the yard. Or the home in this part of the s/d is too close to the main road.
A personal home is not a commodity based solely on price vs inventory supply. Someone is going to live in that commodity, and if there isn't an emotional connection (the smallest things can hurt that connection), a majority of shoppers are going to keep on looking elsewhere.
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