HomeLight
MARCH 10, 2023
Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. That limits your risk and your days on market.
Marco Santarelli
MARCH 15, 2021
It is also the first time that the supply of homes available for purchase has fallen below 3,000 housing units for sale. Day On Market. In a market that is considered “balanced,” the housing market predicts that the average days on market (DOM) for a home is 65 days.
The Close
DECEMBER 29, 2022
Real Estate Referral Fees: How They Work & Best Practices. Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. If a property owner stops paying their mortgage payments, usually for at least 90 days, the lender can start foreclosure proceedings.
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