South Vancouver Island Homes Still on the Market After 90 Days
Where Patience Buys More Than a Higher Offer WouldSouth Vancouver Island homes still on the market after 90 days are the quiet end of this market. Almost every one of them has a story behind it: a price set in a hotter month, a renovation left half finished, a location that needs the right buyer. When your situation matches that story, you negotiate from a much better place.
Days on market change the tone of a negotiation. After three months a seller has usually stopped expecting the phone to ring, and an offer with clean terms and a firm closing date carries more weight than another few thousand dollars would.
Find out why it has not sold. Sometimes the reason is fixable, such as weak photos, an odd list price or a showing schedule nobody could work around. Sometimes it is structural, such as a foundation problem or a highway at the back fence. The first kind is where buyers do well.
Check whether the listing has been relisted. A property can show 30 days when it has actually been for sale since spring under an earlier listing number. I look up the full history before advising on price, because it changes what a seller will take.