Ever wonder what that "Days on Market" number actually tells you about a home? Whether you're buying or selling, understanding DOM can give you a serious advantage in real estate negotiations.
In this week's Two-Minute Tuesday, I break down what Days on Market (DOM) actually measures, what a low DOM vs. high DOM means for buyers, and why sellers need to pay attention to this number from day one. I’ll also explore how to know what's "normal" for your local market!
This number can reveal whether a home is priced right, how much competition you're facing, or if you have room to negotiate. It's one of those simple metrics that tells a big story if you know how to read it.
Timestamps :
0:00 – Welcome
0:34 – What Is DOM
1:12 – Why It Matters
1:24 – Low vs. High DOM
1:57 – Buyer Tips
2:04 – Seller Advice
2:44 – DOM Reset Trick
3:02 – Good DOM Range
3:27 – Key Takeaway
4:00 – Contact Info
#daysonmarket #homebuyingguide #selleradvice #realestateeducation
Alex Schult CA DRE License # 02236174 KW Spectrum Properties
📲 Text: 949-726-2601
📧 Email: aschult@kw.com
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FHA vs Conventional Loans : https://youtu.be/0V5G-z5hMoc
What is a "Comp" in Real Estate? : https://youtu.be/MMe_N4t0jVc
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DISCLAIMER:
This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.
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What is DOM, and Why is It Important?