3 Springfield homes on the market for 200+ days. What's the problem? Let's take a closer look.

Looking for a deal on a house in Springfield, Missouri? Stop automatically scrolling past the houses that have been sitting on the market for a long time. In this video, I search the Springfield MO real estate market for single-family homes that have been on the market for at least 90 days. Then I take a closer look at the first three that catch my attention. All three have actually been sitting for more than 200 days. So what's wrong with them? That's what I wanted to find out. And I thought you might be interested in the process. I look at the listing history, price changes, days on market, photos, condition, updates, and other clues that can help explain why a house hasn't sold. Here's the thing: none of these houses appeared to have a major problem that would automatically make me walk away. And that's where a long time on market can become interesting for a buyer. Does 200+ days on market mean something is wrong with a house? Not necessarily. A house can sit for months because it was overpriced, because the seller turned down an offer, because the marketing wasn't effective, because another house nearby was a better choice, because a deal fell through after 30 days, or because of a relatively minor feature that turns off some buyers. Or maybe the only reason it's still on the market is because it's been on the market for so long, people are just avoiding it -- and that's it. Sometimes there really is a major problem. That's why you have to dig into the listing history and the property itself before deciding whether a long-standing listing is an opportunity or something you should skip. Can you negotiate a better deal on a house that's been sitting? Possibly. The longer a house has been on the market, particularly when the price has already been reduced substantially, the seller may be more motivated to make a deal. But the buyer usually has to create the deal. With a motivated seller, a buyer might be able to negotiate a seller concession, closing-cost assistance, a price reduction, or another term that makes the numbers work. Are houses with 200+ days on market automatically good deals? No. Days on market is a reason to investigate a house, not a reason to buy it. You still need to understand the property's condition, value, location, competition, listing history, and the specific reason other buyers have passed it up. Sometimes the reason is too big to overcome. In that case, walk away. But sometimes everyone else has simply overlooked a house because of something that doesn't bother you. That's the opportunity I'm looking for in this video. If you're shopping for a house in Springfield, Nixa, Ozark, Republic, or the surrounding Ozarks and you find one that's been sitting for 90, 120, 200 days or more, send it to me. I'll take a look at it with you and help you figure out what's going on. #SpringfieldMO #SpringfieldMORealEstate #MissouriRealEstate #HomeBuying #RealEstateTips 00:00 Introduction 00:37 The search 02:00 House #1: $185,000 07:41 House #2: $214,950 13:35 House #3: $219,900 20:02 Conclusion: how do use this information Call/Text: (479) 715-5665 Email: WaltMyRealtor@gmail.com or wfulps@murney.com Website: WaltTheRealtor.com or waltfulps.murney.com