More than 5 million homes are sold in the U.S. each year.
It’s only natural to want the process to move along fast once you decide you’re ready to sell your house and move. No matter how many open houses you have, no one likes to be in a home that isn’t selling and is in limbo!
It’s not always obvious why your house has been on the market for a lengthy time. This is because a variety of factors affect how quickly your house sells.
Are you selling your own home and wondering how long it will take? Continue reading this article to learn more about the duration of the home selling process.
How Long Does It Take to Sell Your Home?
If you’re thinking about selling your home in the near future, you’re in luck! The National Association of Realtors discovered that, as of October 2021, the typical U.S. property stayed on the market for only 18 days.
Of course, depending on where you reside, the typical time it takes to sell a house will change. If you reside in a sought-after neighborhood, your house will probably sell extremely quickly.
Factors That Impact the Speed of a Sale
Your home’s sale time will always be influenced by the asking price. The sale will probably take longer if your asking price is too high compared to the value of your house.
It’s crucial to consider the listing price carefully in advance because of this. When attempting to determine how to price your home, it can be helpful to consult a realtor.
Additionally, your house will sell considerably more quickly if it is new and well-maintained than if it requires a lot of repair. The majority of purchasers prefer to move into a house that doesn’t need any repairs.
The condition of your flooring and appliances should be taken into account as well because they can affect the sale.
Last but not least, the location of your house will affect how soon it sells. It’s likely that your home will sell quickly if it’s in an area that is in high demand. A house in a bad neighborhood, however, will be more difficult to sell.
Your home’s sale speed may also be impacted by nearby attractions. For instance, a desirable school district or close-by eateries and grocery stores are particularly attractive to prospective purchasers.
Home Selling Tips
You can sell your house more quickly by working with a real estate agent who is knowledgeable about the neighborhood market and has a proven track record of closing deals. They can also assist you in locating any recurring problems that might be preventing the selling of your house.
Next, overpricing a home is one of the worst mistakes a buyer can make. Your home will eventually have to go on the market for a longer period of time than you would like, forcing you to lower your price. Make sure your home is priced correctly from the start to avoid this.
Are you buying a home instead? Visit firstchoicehomebuyers.com to learn more about purchasing a home.
Be Patient When Selling Your Own Home
Selling your own home involves many steps, and it’s impossible to predict how long they will take in advance. Preparing for each step of the home selling process is certainly helpful, so use these home selling tips.
Are you interested in learning more about the home selling process? Check out the rest of our blog posts about all things real estate!