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Does Days on Market (DOM) Matter in Real Estate

Realty Biz

Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. DOM on The Real Estate Market.

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What to Know About Off-Market Homes For Sale

Realty Biz

Off-market properties might be the answer if you want to avoid competition from other buyers when looking for your next home. Finding a buyer for a home not featured in the MLS requires more work from the real estate agent and used to be very unusual. Finding off-market properties for sale can be a challenge. Statement 8.0

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. Traditionally, the number of days on market is low.

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How to Do a Comparative Market Analysis: A Step-by-Step Guide

The Close

Renovations or major changes since the last time the home was sold. DON’T FORGET: You can get a lot of this information from the MLS (from previous times your subject property has been listed), from tax records and county/township websites, and most importantly, from the owner of the property. Days on market. Year built.

Marketing 105
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Selling a House ‘As Is’ in Virginia

HomeLight

“One of the biggest reasons is people have money in equity in their home, but they don’t have much money in regards to savings to be able to renovate the property,” says Megel. “So, This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale.

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How to Sell a House by Owner in Colorado

HomeLight

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Average days on market : 46 (November 2022). Fast Facts for Selling Real Estate in Colorado.

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What Is Simple Sale? A Platform for Selling Your Home Fast

HomeLight

Fast closing, in as few as 10 days from start to finish. Sell your house “ as is ,” with little to no repairs or renovations required. No need to market, stage, or show your home. With a cash offer, there is no need to declutter, deep clean, paint, repair, renovate or upgrade your home. Simple and smooth process.

Sales 90