Start a new thread to discuss what should a potential house Buyer do in a down market.
1. Be patient. Patience is the best asset in the down market. As the total number of houses available, and the number of days needed to sell a house increased, a potential buyer has a lot more time on his side to do his own research, evaluate all his available options and make the most logical decision. The current average Days on Market in the MLS is about 50 days, it means it takes average about 50 days to sell for each house.
1. Be patient. Patience is the best asset in the down market. As the total number of houses available, and the number of days needed to sell a house increased, a potential buyer has a lot more time on his side to do his own research, evaluate all his available options and make the most logical decision. The current average Days on Market in the MLS is about 50 days, it means it takes average about 50 days to sell for each house.
