Are you worried about how long it will take to sell your house? Well, you’re not alone. Many homeowners share the same concern. After all, the longer a home sits on the market, the less it usually sells for.
But here’s the thing: the average time to sell a house is only part of the equation, and there are several factors that determine how quickly your home sells. Factors such as the neighborhood, current state of the home, and market conditions all play a role in the speed of a sale. Additionally, the time of year and any delays during the appraisal and inspection process can impact the timeline as well.
But don’t worry! There are steps you can take to expedite the process. By hiring the right real estate agent, preparing your home for sale through small repairs and upgrades, and enhancing its curb appeal, you can increase your chances of selling faster. Alternatively, you can find cash buyers who are willing to skip the home prep and streamline your sales process.
So hang in there—with proper planning and execution, you’ll be closing with a buyer sooner than you think!
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Average Time to Sell a Home
Did you know that, depending on the time of year you sell, the amount of time it takes to sell a house is anywhere from 43 to 72 days? Even with the hottest markets in late spring and early summer, usually the best time to sell, you’re likely to be spending over a month just waiting, hoping for the perfect buyer to come along and make an offer on your beloved home. And in the depths of winter, two and a half months is more typical.
And this is only taking into account the time it sits on the market. First you have to get it there, and then you have to deal with the rest of the process after accepting an offer. Staging, showing, appraisal, inspection, negotiations, closing—it all takes time. Delays can occur during the appraisal and inspection process, and a buyer’s financing might fall through, prolonging the experience.
Local market conditions also play a crucial role, too. Even if you sell around May, considered the best month to sell a house when the average days on market are lowest, if there are more homes available for sale than buyers in your area’s market, it may take longer to find a buyer. If you want to sell your house fast, you’ll face stiff competition when selling online and have to work harder to get your home to stand out to the limited buyers available.
How to Sell Your Home Fast
To speed up the selling process, it’s important to hire the right real estate agent who has experience in your local market. Additionally, preparing your home to sell fast by making small repairs or upgrades and repainting with neutral colors can attract qualified buyers quickly. Minimizing clutter and thoroughly cleaning your home will help potential buyers visualize themselves living there. Enhancing curb appeal by maintaining your lawn and adding flowers can improve first impressions. Professional listing photos are essential for attracting interested buyers online.
Remember that pricing your house correctly is crucial to avoid overpricing, which could make it take longer to sell. The longer it takes to get an offer, the more other buyers will think the home must have something wrong with it, whether that’s having too high a sale price or a defect that’s not apparent in the listing. When you do eventually receive an offer on an overpriced house, it’s likely to be lower than if you’d priced it correctly in the first place.
Ultimately, reducing how long it takes to sell a home depends on many factors, many of which depend on the buyers available.
The Steps to Selling Your Home
The average days on the market is just one part of how long your sale ultimately takes. You have to factor in the amount of time you spend getting ready to sell, plus the number of days to close the deal once you receive an offer.
Firstly, you need to list your property. This involves hiring a real estate agent who’ll help you determine the best asking price based on market conditions and comparable sales in your area. They’ll also assist in creating an enticing listing that includes professional photos and a detailed description of your home’s features. To increase your odds of selling a house fast, you’ll want to make an upfront investment to stage the home to best effect and make sure the curb appeal is on-point.
Once the listing is live, potential buyers will start showing interest and making offers. You’ll have buyers coming through attending showings and may even hold open houses to increase interest. You can accept or negotiate offers until you find one that meets your expectations. Depending on how well you prepared for the sale in terms of having a move-in ready home at an accurate sale price, your home might be on the market for a long time.
After accepting an offer, it’s time for appraisal and inspection. These processes ensure that the buyer is getting what they expect and give you an opportunity to address any issues that may arise. An appraisal is required for any buyer relying on financing, as their lender will want to ensure that the home is worth what they’re paying, and financing will also require some time for mortgage approval and underwriting. A buyer may waive the home inspection to make their offer more appealing, but they also might not.
Final negotiations come next, where you’ll work out details such as repairs or credits before moving forward toward closing. During this time, it’s important to stay in close communication with all parties involved to keep things on track.
Closing day arrives when all necessary paperwork is signed, funds are transferred, and ownership is officially transferred to the buyer. Celebrate this milestone as you hand over the keys and bid farewell to your beloved home.
By understanding these steps and working with experienced professionals along the way, you can successfully sell your home within a reasonable timeframe while achieving your desired outcome.
Sell Your House Faster With Cash Investors
If you’re looking to sell your home faster and don’t have time to wait around a month for an offer, a cash investor might be the way to go. You can sell quicker with an investor for several reasons:
Since investors are cash buyers:
- There’s no need for an appraisal
- There’s no need for mortgage application, approval, or underwriting
- Closing is faster
Investors also simplify the home prep process:
- There’s no need to stage the home
- There’s no need to renovate before selling
- There’s no need for real estate agent commissions
- There’s no need for a professional photographer
Instead, how it works is that you reach out to a cash buyer and get an offer almost instantly. If you accept, you can close in as little as 14 days. That’s at least 29 days faster than your home would otherwise spend just on the market, never mind closing.
Discover How to Sell a House Quickly
Whether you take the leap to sell to an investor or you put your house on the market with a real estate agent, you can cut down the average time it takes to sell a house. If you sell to an investor, make sure to do your research and find a reputable cash buyer who will give you a fair deal. If you sell on the market, it’s a wise investment to pay attention to visual appeal, pricing, and other factors that will influence how long your sale takes.
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