This is probably the most frequently asked question when it comes to selling houses. Obviously, every seller wants to know how long the process will take. Quite honestly, it is a tough question to answer.
There are some common factors that can affect the timeline of any sale, and then there are certain unavoidable bumps in the road. Knowing what may be in store can help all sellers feel better about the listing and selling process.
Location, Location, Location
A prime location makes anything easy to sell, whether it is food, those tempting items strategically placed at the checkout counter, or a house. If your home is in an up-and-coming neighborhood, positioned near great schools, or easily accessible from nearby attractions it is most likely going to be more appealing to the buyers looking at home in your market. In addition, buyers can see beyond ugly paint colors and old linoleum flooring. They cannot physically change the location of a house, so it definitely plays a huge part in the buying and selling world. Consider this when you plan on selling your home.
The easiest way to determine what a home is worth and how long it might remain on the market is to compare it to similar homes with the same features in the same area. Realtors can put together a comparative market analysis in order to explain how much your home is worth and how quickly similar homes have been selling. As with anything in life, it is important to know what your competition is in order to see how you stack up.
Legal matters can slow down the sale process immensely, so knowing what the process is for closing on a home and the duties of the seller along the way can help you to plan accordingly. One of the first questions a realtor usually asks is how quickly you want to move. Make sure you talk to your realtor about the timeline from contract to close, because it could affect your answer.
A beautifully cared for home will be more appealing to buyers, so the condition of your home does matter when it comes to selling quickly. Prior to listing make sure your home is clean, organized, and clutter-free. A fresh coat of paint and some extra lighting can go a long way. You want your home to photograph well and make a great first impression!
If you’re ready to sell, we’re ready to help!