Home Buying in San Jose>Question Details

Long Nguyen, Home Buyer in 95111

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

Asked by Long Nguyen, 95111 Mon Jun 30, 2008

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

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Answers

5
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.
2 votes Thank Flag Link Mon Jun 30, 2008
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
0 votes Thank Flag Link Sat Jul 12, 2008
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
Web Reference: http://CatherineTrahan.com
0 votes Thank Flag Link Mon Jun 30, 2008
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
0 votes Thank Flag Link Mon Jun 30, 2008
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...
0 votes Thank Flag Link Mon Jun 30, 2008
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