"Old"Listings - What's Wrong With This Home?"

Naturally, just like a Buyer, when I see homes on the market for 180, 240, 360 days or more, I also wonder "What is wrong with this home?"

Often, with a little digging, we can find out if the home was under a contract that failed or if there is some other reasonable explanation for the lengthy time on the market. Other times, a market analysis confirms that the Seller is pricing their home outside of market value.

What's wrong with that? Lots of Sellers price their homes above market value? 

True, lots of Sellers price their homes above market value, but most will reduce their price if they see little to no serious activity. Those Sellers (and agents) who keep a home listed at well above market value are wasting everybody's time. Even if they do generate a bit more activity by re-listing the home and showing it as if it were new will still have to face the facts of market value when a market analysis is done.  Savvy Buyers will not be deceived just because a home is new on the market.

I tell clients this all the time: We should keep an eye on new listings because the best listings, and those that are priced well, will not be on the market in 180 days. They likely will not be on the market in 2 weeks. But just because a home is new on the market, does not make it a good deal. All homes were new on the market at one point.

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

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