09/26/2023
How Long will My house take to sell ?
On average, a house takes between 50 and 75 days to sell. That includes 30 days on the market and 30 to 45 days for closing.
The exact time it takes to sell depends on the following:
1) Price , this is most always one of the top reasons why a house gets sold faster or sits on the market for a long period of time. Ask your agent to show you comparables in the area. You will need to know what they listed the house for and what they actually sold the house for and how long it took. Using this scenario of course with the condition of your home and curb appeal. Should give you a good idea of what to expect and how to price you’re home accordingly.
2) The time of year . When you put your house up for sale can have a significant difference in how quickly your home is sold. Homes tend to sell faster in the spring and early fall.
3) Conditions in your local housing market: Homes sell faster in a seller’s market, when there is low inventory and high demand. You will know when you’re in this market because once you put your house up for sale, you’re going to have many offers coming through. Sometimes causing a bid war for your home.
4) The condition of your home: Homes that are well maintained, clean with nice curb appeal may sell faster than homes that need more work.
5 )Buyer financing: financing a lengthy process and depending on your buyer and type of loan they are applying for this could take anywhere from 30 days to 45 days if they have all their documents in line. So please make sure that you are presented with a pre qualification letter from the buyers bank, stating that they have already looked at their income situation,credit score ect… and they have been pre approved. This is detrimental to the sale of your home.
Have more questions regarding selling your home? Leave your question on comments below.