Did you know that around 40 million Americans move each year? If you’re going to be one of them, you might need to sell your home โ and sell it quickly. When time is a critical factor in the moving process, it helps to know how long you’ll need to wait it out before your home is under contract.
How long does it take to sell a house? Read on to learn about the factors that impact the timeline!
Market Conditions Impact the Selling Time
Some years the market is flooded with houses for sale, while other years, the opposite is true. In a seller’s market, the inventory will be low, meaning your home could sell in a matter of days โ or less. Check with agents to see what the current trends are in your local market.
In a buyer’s market, your home could stagnate. In this type of market, there are too many houses available, given the demand. Buyers will have the upper hand, and you may need to budget for a lower offer. In general, though, houses will sit on the market for anywhere from 30 to 50 days.
Factor in Your Home’s Appearance
Have you spruced up your kitchen with granite countertops and a trendy backsplash? And did you paint over the ugly wood paneling in your basement? Cosmetic updates can do a lot to make your home a more attractive option.
Homes that show interior updates as well as exterior care will probably sell more quickly. If you haven’t pruned the hedges or repainted chipped window frames, take care of those tasks before listing your home.
Investing some money on the front end can lead to a speedier sale at a better price. But if you don’t have the time, turn to SellersAdvantage for a faster sale.
Your Location Makes a Difference
Your home selling timeline may depend on where you live. In trending cities like Denver and Raleigh, homes will move quickly. These are growing places with beautiful scenery, making them a popular choice for people looking to relocate.
In other areas of the country, home sales may be slower. Smaller towns with dwindling populations, for instance, may see homes stagnate. Or places with poor job markets may not hold the same allure.
Consider the Time of the Year
The home selling process may move at a faster pace during the summer months. That’s because more people tend to list their homes and look for new ones. Summer is a natural transition point since schools won’t be in session, and the weather is favorable for packing and driving.
Plan on having a longer timetable with a winter listing. You may get lucky and score an early bid since houses won’t be as plentiful. But you may be better off waiting until spring if you can.
How Long Does It Take to Sell a House?
Are you still wondering, “How long does it take to sell a house?” The answer hinges on the time of year and the area where you live. Other critical factors include market conditions as well as the condition of your home.
When you need more home-selling tips, check back for new and informative real estate articles!
