How Long Does It Take for a House to Sell? The Basics to Understand
You’ve packed up your things, put your house on the market, and have shown your home to multiple interested buyers, yet, there are still no bites. Don’t fret, the home selling process is different for everyone.
How long does it take for a house to sell typically? Our guide can help you answer this hot question.
How Long Does It Take for a House to Sell?
There is not only one answer to the question, “how long does it take for a house to sell?” In fact, various factors can affect how long a house is on the market.
From listing to closing, houses remain on the market for around 55 days on average. The market is in a good place right now, but this is not always the case.
How to Calculate Average Days on the Market
How long does it take to sell a house in your area? There are several research methods you can use to come up with an estimate.
Real estate agents are your best information source when you are selling a home. They are familiar with your neighborhood already so they will know the average number of market days by heart.
If you are on a particular real estate platform, you may see how many days homes spend on the market on average for your region.
Home Selling Factors
Sometimes there is no real reason one home sells faster than another. However, these factors may have something to do with it:
The home selling process is tedious and may come at a time where everyone in the area decides to sell their home too. If this is the case for you, your home may stay on the market longer due to the competition.
If your home is located in a highly desired neighborhood, it’s going to sell faster. Typically, people want to live in areas with good schools, businesses, and restaurants nearby.
Condition of the Home
One of the best home selling tips we can provide is to spruce up the house a little before placing it on the market. A poorly conditioned home is not likely to attract many buyers.
No one wants to buy a home that needs a lot of repairs. You can opt for fast cash for houses if you want to sell your home as is.
If you hire a real estate agent to help you sell your home, you are going to rely on their marketing tactics. Without the right experience, an agent won’t do much to speed up the sale of your home.
Are You Looking Into the Seller’s Market?
If you’ve decided to sell your house but need to be out in a certain amount of time, you could be left with a rude awakening. To combat this issue, start early and consider this guide.
To truly answer the question, “how long does it take for a house to sell?”, you have to consider different factors. The answer may be different for your particular home compared to others.
We write about real estate and homes all of the time! Check out our other posts for more helpful tips.