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DAYS ON THE MARKET

Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.

However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.



Definition

Days on the market is the indicator of the total number of days of listing any property upon a platform for selling real estate, until the acceptance of any purchase offer by the seller from a buyer and the signing of the agreement/contract. This could also be indicated as the time that a property spends on the market or the duration for which it is actually available on the market.

Use of Days On The Market in Real Estate

Whenever looking through property or home listings in the market, buyers should always examine the number of days that a property has been on the market or the reactions or responses of other potential buyers to any property. A home on the market for a limited number of days sometimes works as an indicator of it finally selling at the asking price mentioned, or even higher. However, homes listed for longer durations may be overpriced in some regions. At the same time, this may lead to sellers adopting a more pragmatic approach, and listing their properties at comparatively lower prices in order to find buyers faster and sell off the same successfully.

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