How long will it take to sell your Crested Butte home? Days on Market or DOM refers to how long a Crested Butte home has been on the market (listed in the MLS System). The number of days (DOM) is commonly found in the MLS which tracks how long a property has actually been on the market and for sale. You can look at similar properties or homes that have sold and find out how long that home was for sale. How Days On Market Affects You And Your Crested Butte Home will be addressed in this article.
This can give you a ballpark idea of how long your home might be on the market. There are many variables that play into it such as location, quality of your home or property, the time of year you’re selling, the number of other similar properties, the number of buyers interested, the appeal of your home, the amenities in your home and area, and of course the price point and perceived value. Knowing how days on the market affects you and your Crested Butte home is important.
Why Days On The Market Affect You And Your Crested Butte Home?
The reason DOM is even kept track of is that the number gives sellers, buyers, and real estate agents an idea of how well a home is being received while it is available for sale. There are many factors that go into how long a home is on the market. Timing will absolutely affect Days On Market when selling your Crested Butte home. The season that you list your home can make a huge difference – we have months in the Spring and Fall when there are literally no visitors (potential buyers in Crested Butte). Are you trying to sell your house on a golf course in the middle of winter? Or are you trying to sell a ski-in ski-out home in the summer when buyers can’t see the full potential your home has to offer?
Another huge factor that plays into how long a property can be on the market is the price. The price is the primary variable that determines the number of Days On Market (DOM) when selling your Crested Butte home. What is the current real estate market telling you? Is it trending up or down? If a property is exposed to the market and there is little or no activity (showings) – the perceived value may be in question and the price point many need to be re-evaluated. Homes that have not been updated generally sit on the market longer because most potential buyers are not looking for a new home that requires a significant amount of work (time, effort, money, risk…).
What If My Crested Butte Home Is On The DOM For Too Long?
Are you starting to become concerned about how long your Crested Butte home has been listed for? You may start to get the feeling that DOM is a poor reflection of your home. Some sellers believe that if their home is on the market for too long, then buyers will think there is something wrong with the home. The reality is there is probably something wrong with the price. The solution is usually either adding value to the home or reducing the price.
Some clients think that removing their Crested Butte home from the market is the solution. But this may cause the seller to miss a buyer. The notion of taking the home on and off the market so that it will “appear as a new listing” is silly in today’s world of digital information. The real estate agent representing the buyer can easily see the history in the MLS and pass this information to potential buyers. 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.
Final Thoughts How Can I Help?
If you are struggling to sell your Crested Butte home and would like my advice and guidance on the sale of your home. Please feel free to reach out! If you would like additional information on how Days On Market Affects You And Your Crested Butte Home get ahold of me. And if you are concerned with how many days your home has been listed on the market please reach out and we can figure this out together. Stay safe out there. Contact me to help you if you have any questions.
If you want to chat about the real estate market here in Crested Butte – give me a call… (970) 209-5405
I have been in your shoes – as both a Second Home Buyer and Seller here in Crested Butte.
The Crested Butte area offers a wide variety of properties including ski-in/ski-out single-family homes, ski-in/ski-out condominiums, lake and river frontage properties, golf course property, quality homes in Downtown Crested Butte, and true fine mountain homes on acreage.
To see Crested Butte Homes For Sale or search the MLS – visit ChrisKopf.com.
The Crested Butte Real Estate Market is very active. Click this link to see my monthly Crested Butte Real Estate Market Reports.
I have consistently been a Top Real Estate Agent in Crested Butte. I appreciate the opportunity to earn your business and be your Crested Butte Real Estate Agent.
Please contact me at:
Global Luxury Property Specialist
Coldwell Banker Mountain Properties