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Property:
Farrington Enclave
Atlanta, GA
Duration : 0:6:41
TubeMyHouse.com – The Farrington (Video Property Listing)
10 Free Sites for Real Estate Agents to Post Property Listings
Just 10 of the many free sites available to real estate agents to post their property listings. By Tina Merritt, Long and Foster Real Estate and Wolkia.com.
Duration : 0:1:59
what does the number under market time mean on property listings such as MSL?
searching for a condo does this number mean number of days the property has been for sale. If it does and the number is high, does this mean that the property is hard to sale or has been seen and rejected by many?
It is the time the house has been on the market. If they take it off for 4 months or more it will go back down to zero. There are two market times. Current market time and Market history. From 2002 to about 2005 the market time on most homes were a week with multiple offers. People have forgotten that in a normal housing market it takes about 6 months to sell a home. However, do to what the Feds are doing to curb inflation the national housing market is in a slump increasing the over all housing inventory to 8.1months. That means right now most homes will not sell before 8.1months because of all the inventory. Some areas are worse than others. Remember, a home is worth what a buyer is willing to pay and a seller is willing to sell it for. In some cases the home owners are stubborn and won’t reduce the price because they think their home is much superior than other similar properties and in some areas, there are just NO buyers. Currently it is a very strong buyers market and a good time to negotiate and get some deals. More than likely, the longer a home has been on the market the more willing and ready they are to negotiate on price for a good solid offer. Many times they have already moved on and are living in another home. Don’t let the market time scare you, just do your homework, get a home inspection and check out the comparables to make sure you are not over paying for the house.