If you are selling your home, you should wait approximately 20 to 30 days before you get a winning offer. Once you accept an offer, you'll need to go through the closing process, which takes an additional 30-45 days. While there will always be curves that you can't predict or factor into your schedule, a qualified real estate agent can help you have realistic expectations for your sale. A good agent can also help you devise a strategy that meets your objectives, such as selling quickly or earning the most from your sale.
Recent local home sales are generally the best indicator of how long it will take your home to sell. In a seller's market, a limited supply of housing means that listings tend to go fast. But if you're in a buyer's market, you should expect your home to stay on the market a little longer before you find a buyer. Most real estate agents offer a free comparative market analysis (known as a CMA or comps) that will forecast your home's sale schedule, based on comparable properties that have been recently sold.
March and April are currently the best months to sell a home, but the peak real estate season lasts from spring to September, when school is back in session. It's always a good idea to spend some time preparing your home for the market. A qualified real estate agent can tell you what preparations will really help your home stand out to buyers in your local market. For example, if the compositions reveal that your home is the only one in your neighborhood with a 1999 kitchen, a renovation could draw the attention of buyers.
These preparations can take anywhere from a few hours to a few months, so you should adjust your expectations accordingly. We have improved the traditional real estate model with modern technology to reduce costs, not quality. Local and domestic housing market conditions can affect the time it takes to sell your home. If it's a seller's market, you can expect the average time to sell a home to be reduced.
A seller's market means demand is greater than supply, placing home sellers in a good position to sell their home quickly. Sometimes there's no logical reason to know how long it takes to sell a house. It could happen quickly by sheer luck (maybe a buyer is simply in the right place at the right time), or it could be the result of one or more factors below. The staging at home, on the other hand, can be done quite quickly.
Blackburn says an average-sized home usually takes five to 10 hours to assemble, but that can be extended to three days depending on the level of detail. Now that you've found your real estate agent, or you've learned how to sell your home yourself, you can now price your house and list it for sale. With this simple tip, Carroll encourages salespeople to sort and edit rooms with too much furniture crammed into space. An appraisal ensures that your home is worth what you are selling, while home inspections check for any security or foundational issues.
Most buyers will need financing and it can take time to get a lender's representative to attend the closing table. Depending on contract deadlines and negotiations, accepting an offer can take a few days or even a week. But how long does it take to sell a house? It's understandable that most people want their house to sell quickly, but the honest answer is that it depends. Market timing is one of the most important decisions you'll make when selling your home, along with the sale price and the real estate agent.
They come from major regional brands and brokerages, such as Keller Williams and Century 21, and can help you sell your home at the right time. Knowing the specifics of the Southern California market will help you sell your home quickly and for a very high price. Now that you know the basic timeline for selling a home, it's vital to understand what factors will affect how quickly your home sells. In order to program the market for the best sale, especially in highly competitive Southern California, choose to work with a trusted real estate agent.
Your agent's marketing tactics, experience, and general market knowledge can influence how quickly they find a buyer and the price they sell. . .