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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127262  
Subject: Re: Selling Date: 2/19/2013 1:51 PM
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If you have many properties flying off the shelf in less than 25 days, which is the case if the average DOM is 25, then they are under priced, and probably cash purchase or owner financed. Or are your DOMs based on contract date, rather than settlement?

IP


I don't know the definition used for Days on Market. I will see if I can find the definition.

Low inventory, preapproved buyers and inspections already complete there is no reason that it should not be under contract (and frequently close) within a month.

A co-worker and in-laws recently sold their homes. Both closed in under a month.

This market isn't 3 years ago when there was significant inventory and the market was working through a wave of foreclosures.

I am not going to agree to 90 days.
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