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no homes selling in higher priced areas of city.Do #of days on market influence agent showing home

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dk8189

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October 12 - Jacksonville
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Dana Voelzke, "dana_1"

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Many higher priced areas of the country have extremely high inventory. Agents who know the market are aware of this. No need to worry too much unless your agent is telling you that your home is overpriced. Some buyers try to use the # of days on market to lowball, and the fact remains that the price must be a steal to sell in this market, especially in a high inventory market segment.
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October 12
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Kathryn Gorham, "kgorham"

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Days on Market - does that influence agents when showing a home. Of-course it will influence an agent as to their impression of the home, but if you are really asking will it inhibit an agent from showing a property then my opinion is NO. The buyer selects homes to look at and the agent will not discourage any buyer from looking at a property merely because of Days on Market. Sometimes buyers want to look at properties with higher DOM because they feel the seller may be more willing to accept a lower offer.

As to agents DOM is not in and of itself the influence. If a home has been on the market longer it depends on WHY. Is the home in bad shape and needs work, is the home in a bad location, is the home over priced or maybe the market is just slow.

Now having said all that a home with higher DOM means an agent will likely have seen and shown the property before and depending on the WHY it hasn't sold they may encourage or discourage a buyer from looking. If it is just a slow market the area, subdivision or price range then the agent will encourage a buyer to look. If the house is in need of lots of work and the buyers want a move-in-ready home then the agent will discourage the buyers from viewing the property.

Hope that helps clarify things some.
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October 12
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Rachel Rosen, "RachelRosen"

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By default, the longer a home is for sale, the fewer showings per week/month the home will get. Most likely, these agents have already showed the home when it was first listed.
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October 12
 

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Question no homes selling in higher priced areas of city.Do #of days on market influence agent showing home
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