History of house on market

Davesnave

luiza8 wrote: »

This means anyone selling a property could list it and if they don’t get the price they want in 6 months or so, take it off the market for a bit and re-list? That means potential buyers wouldn’t be put off by the length of time it’s been on the market...

I fail to see what's wrong with that. We have some people locally who listed their house last spring, took it off in the autumn and now it's just appeared again. Yes, higher price too.

I think they're a bit premature. Here, it looks lovely in May, so early summer's the best time to sell. Right now, the roads are full of mud and !!!! and like rivers in places, so with a lack of colour, other than grey and brown, it's less easy to sell the rural dream.

But whatever time anyone looks, the same question will be asked: 'What's this property worth to me?' and it's the only one that matters.

markin

The longer its on the more desperate 'Some' will be and more willing to take a lower offer so it could be big advantage to the buyer, Its how WebuyAnyHouse companies tend make a profit.


Many will just tell you go do one, and will gladly sit for months and years for the price they want, but you don't know until you try.

Crashy_Time

MobileSaver wrote: »

No, as I said, there could be 101 different reasons why the property was taken off the market and you would have absolutely no idea what that reason was. (E.g. joint owners breaking up, joint owners reconciling, owner losing their job, owner getting new job, owner becomes pregnant, owner has a baby, owner has serious accident, owner dies, owner can't find suitable next property, owner's onward sale falls through, the list goes on...)

What exactly do you perceive to be the benefit of knowing a property was "4 months off and then 1 month on the market?"

Because usually that indicates people in denial about how much their house is worth, PropertyLog is also useful as a seller sentiment gauge, but of course there are ways to list and de-list to avoid the asking price history from being too obvious. Most properties listed at sensible prices don`t jump off and on the listings for years/months IMO.