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Old 07-26-2014, 02:33 PM
 
418 posts, read 724,445 times
Reputation: 601

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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?
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Old 07-26-2014, 03:10 PM
 
Location: El Dorado Hills, CA
3,720 posts, read 9,967,181 times
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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.
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Old 07-26-2014, 10:03 PM
 
3,826 posts, read 5,776,461 times
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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.
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