Why Some Homes Sit on the Market (And Why That Can Be Good for You)
If you’ve been browsing homes online, you’ve probably noticed that some properties sell quickly while others seem to sit on the market a little longer. Most buyers immediately gravitate toward new listings. They’re fresh, they’re getting attention, and they often create a sense of urgency. But what many people overlook are what I like to call the “have-beens” — homes that have been on the market for a bit. Here’s the thing: a higher number of days on market does not automatically mean there’s something wrong with the property. There are several reasons a home may not have sold right away. It may have been priced too high initially, didn’t appeal to a specific buyer’s taste, or simply got lost in the shuffle when multiple new listings hit the market at the same time. In many cases, it’s not the home — it’s the timing or presentation. For buyers, these properties can present real opportunities. Sellers of homes that have been on the market longer are often more open to negotia...