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Jeff, Home Buyer in Cleveland, OH

How can I, a buyer find out how long a house has been on the market? (Without talking to a realtor) I have a

Asked by Jeff, Cleveland, OH Mon Mar 24, 2008

realtor, but I don't want to bother her every time I see something on the internet. Plus I want to know now..... when I'm searching for properties.

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7
look at public section of mls and look under DOM days on market. However realize that by withdrawing and relisting the day count starts all over again. At the end of the day the seller must accept your offer and trying to phycologically outmanuver another person motives or methodology is a waste of time. Offer what you think the property is worth or what your willing to pay and await sellers response.

The building could be for sale for 10 years and the seller may have paid a dollar for it that still doen't mean they are willing to give it away. prepare a written offer if it isn't accepted modify your offer and look towards another investment.

Realtors are there to be bothered thats our job to provide dervice use your agent.
1 vote Thank Flag Link Mon Mar 24, 2008
Hi Jeff,
I'm really interested in finding out why that is so important for you to know, as you browse homes on the internet, how long it has been for sale? Many buyers tend to really be interested in the Days on Market for the homes they are searching for because they have this false belief that these are the only homes in which they may be dealing with a modivated seller. The reality is, there is no immdeiate connection to the two and most likely that's why we don't see this information on websites. More important features to look at and note are price, style, location and square footage.

In this market it's common place to see homes sitting much longer for two reasons. 1) Because the inventory in most places out weighs the amount of qualified buyers and 2) Sellers were unrealistic with the state of the market when they first listed their home and have become more realistic since. Your doing yourself a grand diservice by just focusing on Days on the Market when looking for a home.

However, if your interested enough in a home to want to see it, then a call to your realtor should be fine.
1 vote Thank Flag Link Mon Mar 24, 2008
Hi Jeff,

Thanks for your answer but like stated before, your line if thinking is a common misconception. Good luck with everything.
0 votes Thank Flag Link Mon Mar 24, 2008
Not necessarily. Sometimes the homes that are on the market a long time are like that because the seller is unmotivated.
0 votes Thank Flag Link Mon Mar 24, 2008
The reason why I want to know this information is, a seller will start to become anxious and frustrated after a certain amount of time. It's at that point I want to make my first offer. ~ Jeff
0 votes Thank Flag Link Mon Mar 24, 2008
Some of the free websites out there will list DOM. For instance, Zip Realty at http://www.ziprealty.com

A drawback to that site, and to others, is that if a property has been listed, withdrawn (or expired), then relisted, the new listing only shows the new DOM. So a property might have been on the market for 180 days, expired, then a few weeks later listed with someone else. You pull up that listing, and it shows 30 days on market, not 210...which is what you're really looking for.

There's no other way that I can think of, other than calling the listing agent for the property. And while that will spare your agent from the "bother" (as other comments said, most agents won't consider an inquiry from a client a bother), it won't save you any time or effort.

Hope that helps.
0 votes Thank Flag Link Mon Mar 24, 2008
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
Contact
I doubt your realtor will consider your questions as a bother. We usually like being able to supply the information our clients want. Without access to your local mls or tax records teh info you seek may not be as easily accessible as you'd like. I'm interested in why you want to know how long a property has been on the market.
0 votes Thank Flag Link Mon Mar 24, 2008
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