Homes, like everything else that’s offered for sale (save for Twinkies), eventually go stale.
It’s a matter of subjectivity as to when a home for sale crosses the rubicon from attractive and desirable to moldy and undesirable. In the current market, some buyers question homes that have been on on market for over 30 days. Others might not raise an eyebrow until a home passes the six month mark. The common thread, however, is that they all want to know how long a home has been on the market. If it has been on the market for an extended period of time, they want to know why.
I just stumbled across a home for sale that looked very, very familiar to me. I couldn’t quite place it, so I viewed the “”History”” tab on FMLS, to get a better idea of how long it had been listed for… and just about spit out my coffee when I found the “”list date””. This house – which I will not identify in this post, to protect the innocent* – has been on the market since August 9, 2007. That was not a typo. August 9, 2007. Try to imagine, for a moment, what the world looked like on August 9, 2007. John Edwards was looking potentially Presidential. Very few people outside of Alaska knew who Sarah Palin was. The economy – and the housing market – had yet to crater.
It was a different world.
I can’t begin to imagine what the last five years have been like for the owners of this home, or for the real estate agents that have been working the listing. What I can say, with certainty, is that this house is stale. Very, very, very stale.
* If you’re curious, send me an email and I’ll reveal the home in question.
Photo Credit: TulsaHomeForSale.net