Searching MLS (property history question)

[Danielle Smith]

When searching the MLS for properties, Besides the actual number/amount how does the property history effect your decision to buy ?

[Aaron Lovett]

As Steve mentioned, DOM plays a role. If you are in my market, where median DOM last month was 2, then any small to medium 3/2 SFR hanging out there 30+ days has probably been overpriced and might be worth a look. The question, of course, is whether or not the sellers are willing to come back down to earth yet. I'll also scan previous listings to see if I can get a general picture of how the property has been used, if there have been updates, additions, etc. I prefer to look at comps and market activity in the vicinity before deciding to make a trip to view the property. Your question was about history, but I find that the present condition of the property and neighborhood, and the general trend of the area, provide the most important info for your purchase decision.