Calgary Answers · Buying · Reading the Numbers

This House Has Beenlisted a long time

Usually the reason is price, and price is fixable. The homes worth avoiding are the ones sitting for a reason no price fixes.

The five reasons, roughly in order of frequency

  1. Price. By a wide margin the most common. Nothing is wrong with the home except the number on it.
  2. Presentation. Poor photographs, no floor plan, a dark or cluttered interior, awkward showing instructions. Buyers never came, so the market never answered.
  3. Something about the property the price should have accounted for and did not — backing a busy road, no parking, an unworkable layout, an unusual title or lot arrangement.
  4. Segment. Some Calgary property types have always taken longer than others. A slow sale in a slow segment is not a signal about the home.
  5. The seller. Not actually motivated, testing a number, unwilling to negotiate. The house can be excellent and the process still impossible.

Only one of those five is a reason to walk away, and it is the one you can see for yourself standing in the driveway.

How to work out which one it is

Why these are sometimes the best buys

A long-listed home has a thinned-out buyer pool — most buyers filter for new listings and never see it — and a seller who has spent months adjusting expectations. You are often negotiating alone, which is the opposite of a fresh listing with five showings booked on day one.

The condition is that you did the work above first. Buying cheaply because everyone else spotted something you did not is no bargain. Is this home actually a good buy? →