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Archive for September 17th, 2008

How does days on market affect home prices in Colorado Springs?

What does it mean if the home has been on the market for a long time? 

Is something wrong with the home?

Will the seller will accept a lower offer?

For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com

Home Buyers have been taught to believe that the longer a home has been on the market the more willing a seller should be to accept a lower offer.   This may or may not be true.  All of this depends on the motivation for selling and there are may reasons for selling:

  • Can they no longer afford the house?  Is it a short-sale?
  • Are they moving?  If so, is the move optional?
  • Did they get a job transfer? 
  • Do they want to downsize?  Do they want to up-size?
  • Is there a divorce?   A death?   Children Read the rest of this entry »

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