The ease with which you can sell your home depends on how prepared you are on the front end. The average time it takes to sell a home is pretty short, although the process involves a lot more than just the time the house sits on the market.
There are a number of factors that go into selling a home, though, so there are a lot of different ways to speed up that process or blunders that could make it take longer.
We’re going to take a look at some of the factors involved in selling your home so that you can have a better idea of how long it will take to sell.
Let’s get started.
What’s The Average Time It Takes to Sell a Home?
In terms of time sitting on the market, the average home will sell in right around one month on the market. Naturally, that’s the amount of time that you could expect to wait if your home was right down the middle in terms of price, size, and quality.
Numerous factors come into play when you’re going through the process, though. We’ll go through some of those factors and discuss the impact they’ll have on the process of selling.
Whether You Use a Real Estate Agent
The amount of time it takes to get your home off of the market is directly related to the methods you use for listing and selling the home. Many people choose to work with a real estate agent throughout this process.
A real estate agent can take a lot of the load off of your hands and give you more access to a broad range of potential buyers. There are some listing websites that are protected from those who don’t have a real estate license.
This just helps to ensure the quality of the listings and the professionalism that goes along with the process of buying a home from those sites. While real estate agents can help a lot with the process, they do cost a considerable amount.
There are commission fees and various charges that go along with the services that a real estate agent can provide. There are also fees involved with the agent that the buyer uses to find the house.
Selling On Your Own
If you know of an interested party that would buy your house, you might have the ability to sell it to them without the use of any professionals. This will expedite the selling process a great deal and cut down on most of the costs.
It may be a good idea to put some feelers out on social media or in your general network and see if anyone would be willing to purchase your home directly.
In this case, the time your house takes to sell can be cut down from a few months to two or three days.
Selling Directly to a Company
There are a number of companies that you can use to sell your house fast. These companies generally send you an offer and will take the home off of your hands within the first few days of conversation.
This is a great option if you think that your home is in disrepair. If you’re not looking to do home repairs and get your asking price up, a company like this is an excellent option. Homes that aren’t in great condition will generally take a lot longer to sell on the market, and that added time can be pretty costly.
The only downside to selling your home to a company like this is that you might not get exactly what you want for it. They are more willing to accept homes quickly because they can offer lower prices.
This is smart for them because it mitigates the risk of making bad investments. That said, they will take the work upon themselves to repair the house and sell it for more than they bought it for.
While you may be able to do that yourself and get a better price for it on the market, there’s a lot of work and money that goes into making those investments.
So, if you’re looking for a quick sell and a decent price, working with a home-buying company could be the best bet.
The Conditions of The Market & The Value of Your Home
Another factor to consider in the time it takes to sell a home is whether or not it’s a good time to buy a house.
There are times when it’s a buyer’s market and others when it’s a seller’s market. Those factors play a big part in the size of the buyer-pool as well as the willingness of buyers to engage with you and make offers.
You should also consider the asking price of your home in relation to its quality. An appraisal should give you a pretty accurate idea of how much people should be willing to pay for your home. At the same time, it’s difficult to part with such a special part of your life for less money than you think it’s worth.
So, if you’re holding true to your personal opinion of the value of your home, you might be able to sell it but it will take a good deal longer. That is unless someone comes along and sees the same value in the house as you do.
Some methods of shortening the time it takes to sell are to conduct improvements, renovations, enhance curb appeal, and generally improve the quality of the house to meet the trends of the time.
Just because you have a beautiful home doesn’t mean that it’s what buyers are looking for. Figuring out the prevailing trends and accommodating to them will help you shorten that sale time as well.
Need More Homeownership Tips?
It’s important to note that the average time it takes to sell a house won’t necessarily apply to you if there are unique factors involved. We’re here to help you make a quicker go of the sale process, though.
Explore our site for more ideas and insights into how to improve your home and sell it more effectively.