Does Number of Days on MLS affect your buying decisions?

[Mo Farraj]

Hello All,

I am a new investor and looking in Upstate NY for my first rental. I am currently working with a broker and she said the below statement that really changed the way I view properties under my search criteria. 

"If the property has been on the MLS for more than 3 days - it probably wasn't a deal to begin with."

I would like to hear your views on this as well. Do you look at how long a property has been available for sale? Does this sway your decision to buy the property in the first place? I work a full time job and I find it a bit difficult to have enough time to analyze/visit/evaluate properties as soon as they hit MLS. Any other buyers with a full time job that can chime in on their process please?