It is very common to see aÂ Wellington FL short saleÂ have a DOM (Days On Market) well over 100 days, 200 days, even 300 days. Â So why are these Wellington short sales still for sale?
Here are a few possible reasons:
- The home is no longer for sale, but still appears â€œActiveâ€ in the MLS
- The home is over priced
- The seller is not allowing showings or making it difficult
- The tenant is not allowing showings or making it difficult
- There is no lockbox for easy entry
- There is oneÂ photo
- The are several BAD photos (someÂ short saleÂ listing agentsÂ try to â€œtrickâ€ the exterior BPO agent, so they purposely make the pictures look horrible in turn losing possible interest from buyers)
- The home was previously under contractÂ and if it was placed â€œcontingentâ€ in the MLS the DOM kept adding up (the DOM clock only stops when a property is placed â€œPendingâ€ in the MLS)
These are just a few possible reasons why a Wellington short sale may have a high DOM.
If you are a Wellington FL home buyer who is considering purchasing aÂ short saleÂ donâ€™t necessarily rule one out because it has a high DOM, but make sure you understand theÂ short saleÂ process. Â You can start searching forÂ Wellington short sales now.
Contact usÂ today for all your Wellington FL short sale needs.
Originally Posted at: Â http://wellingtonhometeam.com/why-has-that-wellington-fl-short-sale-been-on-the-market-so-long/
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