If you’ve decided to sell your home, chances are you’re hoping it moves fast. After all, buying your next home or getting out from a cumbersome mortgage requires it to sell quickly and for a fair price.
If you’ve found yourself ready to sell a house, but you’re wondering how long it will take, we’re here to help. Read on to learn what this process looks like and how long it can take.
Market Conditions
One of the biggest factors that will help determine how quickly your home will sell is the market. A lot will depend on whether or not you’re in a buyer’s market or a seller’s market.
A buyer’s market will often have more homes available to buy than people looking. This can lead to your home selling process taking months before an offer comes in. An offer can often be for a lower price than you’d initially asked.
On the other hand, a seller’s market will often have more families looking to buy a home than there are homes available. Homes can go for much more than the asking price, receive multiple offers, and result in bidding wars in a matter of hours.
Knowing the market you’re in will help you establish realistic expectations when selling a house.
Home Condition
There are plenty of home selling tips out there, but an important one is to understand the condition of your home. If it’s a turnkey property, it will sell for more than a fixer-upper. Some home selling tips include putting some minor work or time into getting your home ready so that it sells faster.
Along with the condition of the home is how well it’s presented. When you’re showing your home, pack away personal belongings and clutter. You should aim for a neutral home where any potential buyer could envision themself.
Asking Price
The asking price for your home can determine a lot about how quickly you receive an offer and can go under contract. When looking at homes for sale, buyers will often start with a price range. If you overprice your home, many potential buyers won’t even look at it.
If your home is in rough shape and you won’t be able to sell it, don’t worry. Check out this site to see how you can still sell your home without missing out on its appreciated value.
Location
Yes, location does matter. Homes that are located in areas or neighborhoods where people want to live will naturally sell more quickly than homes in other areas. This often comes down to chance and luck.
Timeline
The home selling process can be confusing, but here are the steps that occur:
- List and show your home.
- Accept an offer.
- Get a home inspection and appraisal.
- Renegotiate buyer’s offer (if necessary).
- Closing
The speed at which these steps move will vary, but plan on at least a month between accepting an offer and your closing.
Sell a House No Matter What
Selling a house can come down to luck and how well your realtor is able to attract potential buyers. Make sure you choose someone with a good reputation and track record when you sell a house to help close the deal!
If you’re wondering how to sell your house, we’re here to help! Check out our blogs on home and lifestyle to help you get your home ready to sell today.
