I see agents boasting about selling a property in one, two, or three days. And some people think this is impressive.
After nearly 20 years in the business, I still do not understand what there is to boast about.
Is it not better to give the property the proper exposure and leave it active on the market for 10 days or so, and have at least two open houses (on consecutive weekends)?
Do we not want to give properties time on the market to expose them to as many buyers as possible?
Is it not better to create competition among buyers by waiting to have a multiple-offer situation?
If the property remains on the market long enough this can easily result in competition among buyers with a multiple-offer situation, which results in increasing the purchase price as high as possible, as it does in bidding wars.