Days on Market When Selling Your Crested Butte Home
Days on Market (DOM) refers to how long your Crested Butte home was on the market from initial listing to close. You will be thinking about Days on Market when selling your Crested Butte home. How long will it take to sell your home? The timeframe to sell your home will hinge on many variables. It is good to look at the Crested Butte homes that are similar to your home that have sold in the past year. On average, how many days did they take them to sell? This will be insightful in determining when you should expect your home to sell. But take into account that these are averages, of course.
Timing is Everything
Timing will absolutely affect Days on Market when selling your Crested Butte home. Are you listing a home on the golf course during the snowy winter months? It is normal for these homes to sell in the summer months when the buyer can see the golf course and the proximity to the course. It is common that the skier demographic may not be seeking out golf homes in the winter. But there may be a large number of the golfer demographic that are visiting and interested in your home in the summer.
In the end, price is is the primary variable that determines the number of Days on Market when selling your Crested Butte home. However, timing is still very important. Do you see the trends in the market prices decreasing or increasing? If your Crested Butte home is valued at $1 million but you set a price of $995,000 for your home, you are likely to see more activity and more potential offers. The best offer may be the first offer. Why? Because of timing! There are buyers who have been in the market for some time. But they have not yet found their perfect Crested Butte home. When your home comes on the market as a new listing, they will be educated and assess the value of your home compared to other listings. Then, depending on their timing, you may see an offer or offers very quickly.
Reverse Psychology with DOM
You may think that a high number of Days on Market when selling your Crested Butte home is bad. Some sellers believe that if their home is on the market too long, then buyers will think there is something wrong with the home because it has not sold. There may be some validity to this in a rising market. But in a falling or flat market, I have found the opposite is true. The feedback from a buyer will be that the seller must be testing the market, their price is too high, or they are not ready to sell yet. The reality is there is probably something wrong with the price, not the home. The solution is usually either adding value to the home or reducing the price.
Taking the home off the market is not the solution, and may cause the seller to miss a buyer. Once again, timing is everything. The notion of taking the home on and off the market so it will appear as if it is a new listing is silly in today’s world of digital information. The real estate agent representing the buyer will see this activity and multiple listings and dates. You cannot catch a fish without a line in the water, and it is very rare to sell a home that is not listed for sale in the MLS with a sign in the yard.
Days on Market When Selling Your Crested Butte Home Final Thoughts
I hope you see the level of detail and time and effort I put into this candid article Days on Market When Selling Your Crested Butte Home. I have become a Top Real Estate Agent in Crested Butte by providing my clients with information and insight. This helps my clients to make informed decisions. Some decisions are not always easy.
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I have over 30 years of sales and marketing experience and am a top real estate agent in the mountain town of Crested Butte, Colorado representing affluent clients who are buying and selling their homes and properties. To see featured properties or search the MLS – visit chriskopf.com.
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