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Days on market can be very helpful to sellers - in how to price and market their home. I recently used DOMs from a certain neighborhood to price my seller/buyer's house AND help get them an accepted offer on their new house. By showing the sellers of the house we were trying to buy that the neighborhood had DOMs of 25-45 days vs. the 180+ days in other areas, they not only took our offer with a house sale contingency, they didn't bump us when they got a secondary offer with a house sale contingency. The DOMs were better in our area! Used correctly, DOMs are a powerful tool! DOMs aren't "unfair" to sellers. If they are priced correctly and being marketed properly, their DOMs won't be a high number and it doesn't hurt them at all. Low DOMs can even get a HIGHER offer for a seller. If the buyer is working with a knowledgable professional, they will be told WHY the DOM is high - because the agent should be an EXPERT and do their due diligence. If my buyer CLIENT asks why a DOM is so high, I'd better be able to tell the difference if it's because of marketing, the market or price! It's ignorant real estate practitioners who make DOMs "bad" for sellers. http://bestmilwaukeehomes.com http://blog/bestmilwaukeehomes.com
My son thinks I'm insane because I am sitting at my computer, laughing so hard that tears are streaming down my face!! Kris, you are not alone - I must have spent an hour last night trying to get my Twitter to auto-nudge me, since I always forget to post. Only to find out the feature is broken - not my intellect. And now you tell me I'm supposed to have it linked to Facebook, too?? And that line about the children in therapy...so true! My 15 year old son was mortified to know I had a Facebook page! (Yet I was honored that he still became my first Facebook friend back then!) Now I need to go check if I got accepted yet to the Inman group I applied to yesterday. All these groups and I still feel out of the loop sometimes! Thanks for the great laugh - I needed it! http://bestmilwaukeehomes.com http://blog.bestmilwaukeehomes.com
These aren't "FSBOs" listed on Realtor.com. They are sellers listed with a limited service contract. They ARE listed with a broker. They just are paying a flat fee for one service - inclusion in the MLS - instead of a commission for "full" service. Sellers should have a choice of the level of services they want to pay for and apparently this is the bare minimum they can get. Guess the secret is out to sellers! We all know that the market is just like 5 years ago and all you have to do to sell your house is list it in the MLS, right? And if you still believe that, then you're not worth your commission. http://bestmilwaukeehomes.com