As a seller getting ready to list your home, you have probably heard the phrase “Days on Market”. The real estate industry uses this term to describe the number of days a property will be listed on the market before it goes under contract with a buyer.
Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty.
So, let’s break down days on market and what you can expect as a seller. If your property sells quickly with short days on market, it suggests that your home is in high demand. This could mean multiple offers, potential bidding wars, and a greater chance of selling at or above the asking price.
On the other hand, if the property remains on the market for a longer period of time, this might indicate that buyers have reservations regarding your property. This could be based on many factors such as condition, marketing, and of course the price of the property. If your property begins to have longer days on market than the average sale in your area, it is always best to sit down with your agent and discuss your next strategy. This may mean making a price adjustment based on the activity of the market. But let’s remember, making a price adjustment is only one factor. It is important to have a complete understanding of the market, evaluate buyer feedback and make any necessary adjustments to increase your property’s appeal.
With the right marketing and pricing strategy, this will enhance your property’s desirability and the likelihood of a successful sale. If you are a homeowner thinking of listing your property, please reach out to me so I can go over all the latest housing data to put you in the best position to sell.
And ask me about my home selling plans where you get to pick which real estate services you want and the fee you pay… Most of the them include my super duper digital marketing that absolutely no one else does in our area. I’m Tanja and I sell homes. I offer simplified and transparent choices!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?