As noted below, there are all kinds of games that can be played with the numbers ... price history, days on market, etc. Your agent can cut through this and provide the most accurate information, including whether there have been any contracts that have fallen through, any existing inspection reports ... in short, everything that can lead you to make an informed decision.
Since the seller compensates the agents, there's really no reason why a buyer shouldn't have representation equal to (or better than) that of the property owner. It levels the playing field, so that both parties are on solid footing.
I'd welcome the opportunity to further discuss this matter. Please feel free to contact me at (713) 213-6350 or ... email@example.com. I look forward to hearing from you. Regards ...
Not only days on the market. We can see if it was on the market last year, leased 4yrs ago, or relisted with the same agent along with price changes and if the home has been under recent contract. This information goes along way to see how to work with a seller/landlord when preparing an offer.
A good buyer's agent can assist you with all of this information and a lot more! Let us know if we can assist you.
Heather MacKinnon 832 964-5619
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
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One thing to be careful of: There's a difference between (and the terminology varies) DOM--or "Days on Market" and "DOMP"--or "Days on Market Property." The first is the current listing. However, it's possible that the property was listed before, taken off the market, then relisted. So a property listed January 1 and taken off February 28, then relisted July 1 would show a "DOM" of 8 (this being July 9), although it's actually been on the market a total of 67 days or so.
Sometimes properties are taken off and then relisted specifically to "refreshen" the listing--to make buyers think it's a fresh, new listing. Other times, there are other reasons. For instance, the property might have been listed, but the feedback was that some improvements were needed--new paint, carpet, etc. So the property was taken off the market so the work could be done, and then relisted.
Point is: Just looking at "days on market" may be misleading, depending on what you're trying to determine.
Hope that helps.