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Good Morning New York, Real Estate with Vince Rocco

Good Morning New York, Real Estate with Vince Rocco

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November 1st 2016: Should days on market be factored into a homes value?

There are many factors that contribute to an apartment’s attractiveness: location, architectural style, amenities, etc. There is one: however, that has no bearing on a home’s future viability or intrinsic value: days on market. Being on the market for a long time can reduce a home’s market value simply through the power of perception. It doesn’t make sense, logically, that a factor that has no bearing on a potential buyer’s future satisfaction in the home has such influence.

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