Are you looking to sell your home but aren’t sure how long the entire process will take?
The home selling process is a marathon, not a sprint. When the market is hot, homes can sell in a few days. But, you should always plan for it to take longer. And, you need to factor in everything you need to do before you put up that for sale sign.
Read this guide to find out how long the home selling process will take.
How Long Does It Take to Sell a Home?
According to the National Association of Realtors Market Summary Report, it takes an average of 39 days to sell a home. However, the speed at which your home sells will depend on a variety of factors. The main factors that affect the speed of a home sale include:
If it’s a seller’s market, that means there are more buyers than sellers, so you should get your home off the market quicker. In a seller’s market, you’ll likely be fielding multiple offers and have some power when it comes to negotiating the final price.
Most real estate agents know whether it’s a buyer’s or seller’s market, so all you have to do is ask. You can also ask how many days on average homes have been on the market in your area.
If you don’t price your home correctly, you’re going to have a tough time selling it. After all, why would someone buy your home when they can buy the exact same type of home nearby for a better price?
Luckily, you don’t need to be an expert to set the right price. Your real estate agent can also help you price your home competitively. The Condition of Your Home
The condition of your home is another important factor that can affect the speed of the sale. Make sure to clean your home thoroughly and declutter everything before you show it.
Also, make sure you get all of the necessary, big-ticket repairs done ahead of time. If you don’t want to deal with repairs, consider selling your home for cash to this house buying company.
And, remember to take care of the exterior of your home as well, even if it’s in the dead of winter. To help win buyers over on the first impression, the outside of your home should be immaculate. Consider adding a fresh coat of paint, planting some new flowers, or fixing the siding.
The state, city, and neighborhood your home is located in can all have a major impact on how fast it sells. If you live in a fast-growing city in a safe neighborhood, you can expect your home to sell relatively fast.
However, you don’t need to live in the nicest neighborhood to sell your home. You can work with your real estate agent to figure out how to upsell the advantages of living in your neighborhood while downplaying the drawbacks.
Home Selling Process: Time to Sell
Now that you’ve read about the home selling process, it’s time to sell your home! Try not to fixate too much on how fast other homes are selling. Instead, focus on what you can do to get your home off the market!
And, check back in with us for more real estate tips!