Friday, December 6, 2019 / by Jo Skipper
How Long Will it Take To Sell This Home???
Seller's that want to get their homes sold as quickly as possible in today’s market. If time is of the essence you will need to price your home competitively, work with a knowledgable Realtor, make necessary renovations, and survive the showings!
Key factors that will impact your home sale timeline include the time of year you list, housing market conditions, and updates or marketability of your home.
Sometimes there is no rhyme or reason for the time it takes to sell a house. Hey, it’s real estate and everyone’s situation is different. Luck could play a part as much as anything else. There are a few things that will help more than luck, such as:
Price Point - Some agents will price the house a little under market value to entice multiple offers which can push the price higher. Other people want to list higher than market value to see what will happen. If your home is valued at a lower number then you will have a larger pool of buyers available to purchase.
The location makes a difference! There will be more of a demand for a home that's in a sought after neighborhood than for a property that's located in a less desirable area.
Curb Appeal- Homes that are in excellent shape sell much faster. You will have more drive-bys than you can imagine when you decide to list your home. Does it pass the test?
Market Conditions- Homes that are priced accordingly will sell faster in a seller’s market. There are more buyers than homes for sale. This can present a seller’s dream, multiple offers!
When Should you Sell Your Home? If you are thinking of selling and don't want to get it listed during the holidays, wait until Spring when people are thinking of homes. However, there are always active buyers out there. If you list your home in the Holiday months, then you will most likely close quicker than in the spring rush.