Yes! Now, there are a number of reasons why homes can sit idly on the market for months and months. They may have structural problems, but too outdated, but, they may also be priced too high!!

If you are new to the area, it may not be easy to spot an overpriced home. Now, we are not talking copiously overpriced, but just enough for the seller to benefit more than they should. Have you heard of the DOM? This acronym stands for “Days on thr Market” and is the average amount of days that a home in your specific area usually sits on the market before it is sold. If you are working with a home professional, it is best to ask them about this and compare the specific property you are interested in to the neighborhood.

Overpriced homes don’t usually benefit anyone. These houses are difficult for sellers to unload because buyers simply aren’t interested in overpaying.