I am looking for a house in 95111 zip code and found one REO which has been listed CDOM 253. What is CDOM?

Long Nguyen
Home Buyer
95111

meaning? One more thing the asking price seems fit my house budget but it needs a lot of work to bring it to liveable condition. what price should I consider to offer if I want to buy it?

Thanks,

LTN

Answers (5)
Jeanne
Agent
Palo Alto, CA

The question has already been answered so I won't answer what CDOM is. I had a friend who lived in San Jose named Long Nguyen and am wondering if you are the same person. Did you work at SGI in the 1990's? If so, let's meet for lunch because we used to work together!

regards,
Jeanne

Sat Jul 12 2008, 19:19
Jeff Bell
Agent
95014

The CDOM (Continuous Days on Market) is the best field to use when trying to determine how long a home has been listed on the MLS (Multiple Listing Service). This number starts counting from the day the property is entered on the MLS and continues to count until the home is either sold or the home is canceled from the MLS for at least 30 days.

Agents have been known to cancel and immediately re-list a property to generate new activity. By doing this, the DOM (Days on Market) indicator is reset to zero; however the CDOM is not (unless there has been a 30 day break in the lising period on the MLS.

Mon Jun 30 2008, 16:34
Catherine Trahan
Agent
Marin County, CA

Hello,
CDOM means Contingent Days On Market. Since this is an REO, the bank is the seller. The banks typically take a much longer time to respond to everything, which is why the days on market are so long. The CDOM also includes the days on market prior to getting into contract.

Catherine

Mon Jun 30 2008, 15:53
Roland Barcos
Agent
San Jose, CA

CDOM is Cumulative Days on Market. Days on market is only the latest listing, but if a listing is on and off the market over a period of time, you want to know the total time, or the CDOM

Good luck,
Roland

Mon Jun 30 2008, 15:53
Deborah London
Agent
Torrance, CA
FIRST ANSWER

Hi Long Nguyen. CDOM means the cumulative days on market, or total days on market. My partner specializes in REO homes so call me at 310-808-3739 and we can discuss the details with you! Looking forward to hearing from you...

Mon Jun 30 2008, 15:52

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