It’s no secret that owning real estate will put you on the fast track toward increasing your net worth. In order to cash in on this value, however, you’ll need to sell your house or rent it out.
Many people choose to forego the complications associated with becoming a landlord and sell their house instead. So, how long does the home selling process take?
Listed below are key factors you need to know about selling a home quickly.
Consider the Season
The time of year can have a significant impact on how quickly your home sells.
Generally, the market is busiest during the summer and spring months. If you’re looking to sell in a hurry, it’s best to list your property during these times. However, keep in mind that you may experience less competition from other sellers if you wait until slower seasons.
How Is Your Local Market?
The local real estate market will play a significant role in determining how long it takes for your house to sell.
Is the housing supply low or high? Are there multiple offers coming from potential buyers at every showing? To confirm these factors, speak with a Realtor who can provide you with objective insight into the current state of the market.
Are You Working With the Right Agent?
The agent you choose to work with is another important factor that will affect how long it takes for your home to sell. Not all agents are created equal.
Some have more experience and knowledge than others when it comes to the real estate market. Before choosing an agent, be sure to ask them about their success rate with selling homes in your area.
So, how much are Realtor fees? You can check out this page to learn more.
How Flexible Are You as a Seller?
The more flexible you are as a seller, the faster your home will likely sell.
For example, if you’re willing to accept offers that fall below your asking price, or if you’re open to paying some of the buyer’s closing costs, you’ll be more appealing to potential buyers. Keep in mind that the less flexible you are, the longer it will take for you to find a buyer who can meet your needs.
Have You Maximized Your Home’s Appeal?
Is your home in good condition? Make any necessary repairs before putting it on the market to avoid confusing buyers or turning away potential customers who are looking for homes for sale.
You don’t want to waste time with contracts that fall through because of a few cosmetic updates, so do what’s necessary ahead of time to make sure everything is perfect for showings.
So, How Long Does the Home Selling Process Last?
Depending on the factors above, it could take anywhere from less than 30 days to over six months to sell your home. However, using the above information about the home selling process can help you minimize the time you spend finding a buyer.
Looking for more tips that can help you out later on? Check out the rest of our blog for plenty of useful information.