Should days on market be factored into a homes value?
Update: 2024-08-24
Description
There are many factors that contribute to an apartment’s attractiveness: location, architectural style, amenities, etc. There is one: however, that has no bearing on a home’s future viability or intrinsic value: days on market.
Being on the market for a long time can reduce a home’s market value simply through the power of perception.
It doesn’t make sense, logically, that a factor that has no bearing on a potential buyer’s future satisfaction in the home has such influence.
Being on the market for a long time can reduce a home’s market value simply through the power of perception.
It doesn’t make sense, logically, that a factor that has no bearing on a potential buyer’s future satisfaction in the home has such influence.
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