Common wisdom says that if a house has been on the market for a long time, there must be something wrong with it. While that may not always be the case, it is true that if your house has been listed for months and months, you may want to rethink your asking price. Realtor Tony Harrington notes that “buyers who make low offers go after the listings that have languished on the market for months, believing they can snap them up at a discount as competition dries up.” If your stale house listing isn't attracting a lot of other bites, that low-offer mentality could be justified—in which case, you might want to consider making a deal.
Related: 8 Red Flags to Look For in a Real Estate Listing
