Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I've read (I think here) and definitely on other forums, people talking about how long it takes a house to sell. Obviously there are numerous regional differences, but the general consensus is, you can't possibly freak out after a few weeks. It may well take months, the real buyers don't come out at first.
Having bought and sold only in frothy markets, this hasn't been my experience (multiple offers in less than a week are the norm), but I'm interested in why buyers take a while. Are all houses overpriced? Everyone's waiting for the price drop to swoop in? If so, why don't people just price better and sell faster.
If you really want a house, why wouldn't you want to be the first and ensure you get the house?
Higher inventory means more options which makes buyers pickier. Which leads to fewer people that are just right for that home. Which can take more tome.
I am as a buyer know what any specific house is worth for me and how much I am willing to pay for it. If I see overpriced house, I am not even going to look at it until price will be dropped. For my area prices went up quickly (within last 2 years) by a lot. Looks like some people were waiting for this bubble and listed their houses way overpriced. Friend of mine is one of these people. His house is on the market for 4 months and he had no offers - not even a low ball offers! It means it's overpriced!!! But no, he is still waiting for "right buyers"...
For my area I noticed prices started dropping a little and still have no takes.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.