A few years back, it was revealed a chemical plant located south of Gray's Creek NC (Chemours) was legally dumping a by-product into the nearby Cape Fear river. They had been doing this for
DOM Vs CDOM
Which one is telling the bigger picture and why?
So DOM or "days on the market" is a very valuable number and can help determine a lot of things. But I think that number is only imortant if the number behind it matches (i.e 4/4). If the number does not match, thats when CDOM becomes king.
"Cumulative days on the market" signifies how many days a listing has been on the market with that current listing agent. A smart agent may want to withdraw a listing and relist it to "reset the clock", but an even smarter agent is going to bypass looking at that reset number and move on to the number that really matters...CDOM.
So how do you avoid getting that 2/500?!
-Have an agent that is going to do accurate compables (the comparables may not always be what you want to hear, but its what you need to hear)
-Have an agent that knows your neighborhood, or one that is willing to learn and research absolutley everything they need to on it.
-Make sure your agent is fufilling their marketing promises. Open houses? Online exposure?
-Pictures are important! They can determine if a house is going to make the showing tour cut...so have them! Get them to your driveway!
-And lastly, stay positive! Do not get discouraged if your house doesnt sell in a week like Bob and Karens did down the street. Your day is coming, im sure of it!
Hello and welcome! I would love to assist you in your home buying and selling needs. I hope I can take this tedious process and make it easy, effortless, and a worthwhile experience for you! If you ha....