Late Picks Can Be MVPs: Why Homes That Linger on the Market Are Your Best Investment Play
In a fast-moving seller’s market, homes often get snapped up quickly, with multiple buyers vying for the same property. But every now and then, a listing stays on the market longer than expected, even when demand is high. While some might see these homes as overlooked or undesirable, savvy buyers recognize them for what they really are—Most Valuable Properties (MVPs). Just like in hockey, where late-round draft picks can turn into Hall of Famers, these under-the-radar homes can become some of the best real estate investments. Here’s why you should consider giving these “late picks” a second look.
1. Motivated Sellers = More Negotiation Power
When a home has been sitting on the market longer than expected, sellers often become more motivated to make a deal. Maybe their initial pricing strategy was off, or maybe they need to move quickly for personal reasons. Whatever the case, buyers can take advantage of this situation to negotiate not just price, but also closing terms, conditions, and even included furnishings or repairs. When competition is low, your ability to secure a favorable deal increases dramatically.
2. Less Competition Means More Opportunity
In a seller’s market, the hottest homes often receive multiple offers within days of being listed. This leads to bidding wars, where buyers have to go above asking price and sometimes waive conditions to compete. But with a home that has been sitting on the market for a while, you’re less likely to face stiff competition. This gives you the breathing room to thoroughly assess the property, complete a home inspection, and make an offer that suits your budget—without the pressure of outbidding other buyers.
3. Hidden Potential: Seeing Beyond First Impressions
Sometimes, a home lingers on the market simply because it wasn’t presented in the best possible light. Poor listing photos, a lack of staging, or an awkward showing schedule can make an otherwise great property go unnoticed. Other times, small cosmetic issues—like outdated paint colors or minor repairs—scare off less-experienced buyers. But these are exactly the kinds of properties where you can add value. A little vision and effort can turn an overlooked home into an all-star investment.
4. Price Adjustments Work in Your Favor
When a home has been on the market for a while, price reductions often follow. Sellers and their agents regularly reassess pricing strategies based on market feedback, and if they’re not getting the offers they expected, they’ll typically lower the price to attract new interest. By watching for these reductions, buyers can step in at the right moment to snag a well-priced property that others passed on too soon.
5. A Smarter Long-Term Investment
Real estate is a long game. While everyone chases the flashy new listings, those who take a more strategic approach can find the real winners. Homes that sit on the market longer may be priced below their true value due to perception rather than actual issues. If you’re buying with a long-term perspective—whether as a primary residence or an investment property—you can capitalize on the price advantage and see stronger appreciation over time. In other words, today’s overlooked home could be tomorrow’s MVP in your portfolio.
Final Thoughts: Draft Smart, Win Big
Not every MVP is chosen in the first round, and not every great home sells within the first few days. The key is recognizing the potential where others see hesitation. If you’re willing to look beyond days-on-market stats and dig deeper into why a home hasn’t sold yet, you might just score a championship-worthy deal.
🏒 Ready to draft your own Most Valuable Property? Let’s talk strategy and find you the best buy on the market!
📲 – Call/Text me at 780-910-6986
✉️ – Email me at maya@mindfulmoves.ca
