How Long Will it Take to Sell Your House?

How Long Will it Take to Sell Your House?

Whenever people list their home for sale, the inevitable question is “how long will it take to sell our house?” The answer depends on many things: location, pricing, and condition are the top three things that will determine how fast you sell your home.

Location is a big factor in determining how long it will take your home to sell. First, if the homes in your area are taking time to sell because of high unemployment or low paying jobs, then you will have a problem. If your home is in an area where the economy is better and homes are selling, yours will sell faster. In a high demand market, a well priced home could sell within 10 to 21 days. A good realtor will know the average days on the market in your area. We can figure it out by taking the day each home in any given month goes on the market and count the days to pending. Add those days together and divide by the number of homes. Another big factor in how quickly your home sells is price. Pricing it at its actual value, not above, is very important. When buyers look for a home they choose a price range from the highest their budget will allow to the lowest price that represents the quality of home they want. If your home is overpriced, it won’t show up in their search. Some realtors use a strategy to price it slightly below value which might entice multiple offers, which tend to push the price higher. Either way, keeping it in a reasonable range of its value will get the most people able to buy it looking at it. Your home’s condition and staging is also a huge factor. If your home is in tip top condition it will sell better. If it is staged to look its best, with little clutter and personalization, it will sell faster. Home buyers need to imagine how they will live in that house, and they can’t do that if the home looks like it belongs to you or is a mess. So spruce it up, repair it, declutter it and sell it faster. Looking for a GREAT group of Palm Harbor Realtors? We are dedicated to helping sellers get top dollar and sell fast…give us a call today!!!

Location is a big factor in determining how long it will take your home to sell. First, if the homes in your area are taking time to sell because of high unemployment or low paying jobs, then you will have a problem. If your home is in an area where the economy is better and homes are selling, yours will sell faster. In a high demand market, a well priced home could sell within 10 to 21 days. A good realtor will know the average days on the market in your area. We can figure it out by taking the day each home in any given month goes on the market and count the days to pending. Add those days together and divide by the number of homes.

Another big factor in how quickly your home sells is the price. Pricing it at its actual value, not above, is very important. When buyers look for a home they choose a price range from the highest their budget will allow to the lowest price that represents the quality of home they want. If your home is overpriced, it won’t show up in their search. Some realtors use a strategy to price it slightly below the value which might entice multiple offers, which tend to push the price higher. Either way, keeping it in a reasonable range of its value will get the most people able to buy it looking at it.

Your home’s condition and staging is also a huge factor. If your home is in tip top condition it will sell better. If it is staged to look its best, with little clutter and personalization, it will sell faster. Home buyers need to imagine how they will live in that house, and they can’t do that if the home looks like it belongs to you or is a mess. So spruce it up, repair it, declutter it and sell it faster.

Looking for a GREAT group of Palm Harbor Realtors? We are dedicated to helping sellers get top dollar and sell fast…